PenPenWrites
parenting blog, memoir notes, family punchlines & more
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© Penelope Lemov and Parenting Grown Children, 2025. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given.
recent posts
© Penelope Lemov and Parenting Grown Children, 2025. Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given.
Category: buying a house
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Can I afford the rent? Will I ever be able to buy a house? These questions are top of mind for our Gen Z and Millennial kids who feel priced out of the housing market–and who may be part of the army of young adults flocking back to our previously empty nests. They may need…
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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…
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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…
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Are our grown kids entitled to our financial support?
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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.”
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What tack should we take if our grown kids ask for an advance on their inheritance?
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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.
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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…
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We may have to put up with “entitled” adult children, but Chinese parents have their equivalent: Little Emperors.
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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.