PenPenWrites

parenting blog, memoir notes, family punchlines & more

Category: buying a house

Leaving a Legacy:The Great Transfer of Wealth from us to our adult kids. Is it for real?

06/11/2024

Here's what the headlines tell us: The greatest wealth transfer in history is here and we are the source of those assets. Yes. Some $84 trillion in our investment accounts, wallets and collectibles are set to change hands over the next 20 years, according to various economists whose job it is to run the numbers…
Money Matters: Raising cash to help your kids fix up their house

09/21/2022

If I were to survey my friends and their friends, I'm pretty sure I would find that almost all of us who could afford it helped our grown kids buy their first home. As a generational trend, it's kind of what we did and do. For some of us, the help is a loan and…
Observations: Michelle Singletary on when to cut an adult child’s financial cord

07/01/2019

Are our grown kids entitled to our financial support?
Money Matters: We’re still supporting our kids into their 30s and 40s

04/08/2019

Accepting help from the bank of mom and dad when you’re in your 30s or 40s is evidently “the last taboo of finance that people don’t want to admit.”
Money Matters: What If They Ask Us for an Advance on Their Inheritance?

02/12/2019

What tack should we take if our grown kids ask for an advance on their inheritance?
Money Matters: Six check-offs before you help your child buy a house

12/31/2018

No good deed comes without complications. Here are things to think about if you can afford to be a financial angel for your child’s home purchase.
Empty Nest, Refilled: The cost of housing is a universal concern for young buyers and their parents

11/02/2018

The pressure on Chinese parents to help their Millennial-aged children buy a home is a jaw-dropper. The Chinese one-family policy plus the urbanization of the economy is creating a generation of Little Emperors that have high expectations for how much their parents will do for them in terms of housing. With housing tight in urban…
Little Emperors: Complaints Chinese parents have about their grown children. It may sound familiar.

06/22/2018

We may have to put up with “entitled” adult children, but Chinese parents have their equivalent: Little Emperors.
Bank of Mom and Dad: What to do and how to do it when it’s time to close the helping hand

05/23/2018

There comes a time in the life of every family when the Bank of Mom and Dad has to close–or at least limit its lending policies.
Leaving a Legacy: The case for giving them a share of your worldly goods now

07/03/2017

Giving our grown children some of their inheritance now not only brings us pleasure but is a vote of confidence in them.

PenPenWrites

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Category: buying a house

Leaving a Legacy:The Great Transfer of Wealth from us to our adult kids. Is it for real?

Money Matters: Raising cash to help your kids fix up their house

Observations: Michelle Singletary on when to cut an adult child’s financial cord

Money Matters: We’re still supporting our kids into their 30s and 40s

Money Matters: Six check-offs before you help your child buy a house

Empty Nest, Refilled: The cost of housing is a universal concern for young buyers and their parents

Little Emperors: Complaints Chinese parents have about their grown children. It may sound familiar.

Bank of Mom and Dad: What to do and how to do it when it’s time to close the helping hand

Leaving a Legacy: The case for giving them a share of your worldly goods now