Should buying your kids a home replace saving for college as main goal for parents?

[eddiehaskell]

Should providing your kids with a home replace saving for college tuition as the goal for parents? They can save for the house or buy now with cheaper prices and rent it out until their kid is at whatever age they deem the appropriate...maybe 20-24 for some.

Give the kids the option to begin working and help pay for it whenever they want to start (part time work at 16+). If they don't get scholarships/grants/etc they can still go to community college since it's very affordable.

Jumping into the real world with a house provided could be as big if not bigger leg up in life than going to college.

[theory816]

you're one previleged little fooker if your parents had any type of savings for you. Srs.

Honestly it depends on how nice of a college or house we are talking.

[Anachron]

you're one previleged little fooker if your parents had any type of savings for you. Srs.

Honestly it depends on how nice of a college or house we are talking.

OP lives in a trailer in buttfuk middle of nowhere, that should give you a clue.

[eddiehaskell]

you're one previleged little fooker if your parents had any type of savings for you. Srs.

Honestly it depends on how nice of a college or house we are talking.

I think in polite society it is often a given that parents should allow for their children to not face undue suffering in the struggle.

And let's just say a basic house in a white neighborhood -- nothing overly fancy.

[theory816]

I think in polite society it is often a given that parents should allow for their children to not face undue suffering in the struggle.

And let's just say a basic house in a white neighborhood -- nothing overly fancy.

yes I agree parents have a duty to take care of their kids for life or least give them what they need to live on their own. But its resource allocation. If you invest into a nice house, that means no money for a nice college. Or if you want a nice college, no money for a nice house.

[eddiehaskell]

yes I agree parents have a duty to take care of their kids for life or least give them what they need to live on their own. But its resource allocation. If you invest into a nice house, that means no money for a nice college. Or if you want a nice college, no money for a nice house.

college could still be on the table -- they'll just do community college for ~$5k/year if they don't earn schloarships/grants. if they don't prove themselves in those 2 years (while preferably also working) than perhaps college isn't their route in life. if they have a paid for house to fall back on -- no biggie.

[theory816]

college could still be on the table -- they'll just do community college for ~$5k/year if they don't earn schloarships/grants. if they don't prove themselves in those 2 years (while preferably also working) than perhaps college isn't their route in life. if they have a paid for house to fall back on -- no biggie.

I did cc and the gov paid for it. Its a good way to dip your feet in the water.

[eddiehaskell]

I did cc and the gov paid for it. It's a good way to dip your feet in the water.

agree 100% even though i know some feel they are "too good" for cc.

[Onlinedatingcel]

Living with parents until you are 30 or 35 will be normal soon. Getting stuck in the rentcuck trap will doom your financial future.

[eddiehaskell]

Living with parents until you are 30 or 35 will be normal soon. Getting stuck in the rentcuck trap will doom your financial future.

feels like that rentcuck trap also gets a lot of college people too. some of which feel they certainly deserve that $2500 apartment...cuz i mean they went to college and should have something to show for it (along with at least a new Camry, right?).

[DirtyD79]

Not a bad idea. Honestly unless you're planning on going into one of the STEM fields or you want to be a doctor or lawyer college just ain't worth it anymore. The money's better spent investing in a home or going to a trade school.

[eddiehaskell]

Not a bad idea. Honestly unless you're planning on going into one of the STEM fields or you want to be a doctor or lawyer college just ain't worth it anymore. The money's better spent investing in a home or going to a trade school.

agree. maybe theses "you need $250k for your child's college fund" articles should be replaced with $250k for a house or down payment might help more.

[kusok]

Didn’t read, if you as a parent buy your kids a home or pay for their college you’re an absolute retard, it means you also raised a retard. I was on full scholarship, it’s very easy to do, all you have to do is not be a ****ing retard, and if your kids can’t afford the house at some point in their 20s, then you should just rope. 100% srs

[eddiehaskell]

Didn’t read, if you as a parent buy your kids a home or pay for their college you’re an absolute retard, it means you also raised a retard. I was on full scholarship, it’s very easy to do, all you have to do is not be a ****ing retard, and if your kids can’t afford the house at some point in their 20s, then you should just rope. 100% srs

alrighty then

[r32gojirra]

Again with the money obsession

Sad!

[latverian41]

I think the main. Thing is to teach them the importance of hard work and earning what you get from that hard work. To appreciate money but not worship money. If you are rich. Then. After you instill these life lessons and they grow up then buy them a house if you are rich why wouldn't you want your kids life to be easier and better than yours?

But you have to first teach respect for certain things before you can expect them to appreciate and cherish what they are given

[hendrixfreak70]

Throughout my entire six or so years in college, I got $400 or so from my dad and maybe $150 from my mom for various things. The rest I took care of in some capacity. I didn't save for my kids' college, but fortunately for them I get Chapter 35 benefits through the VA. My son has my old truck. He is 17 and is working full-time right now. My daughter won't be driving for another year and is working with my wife at our snoball stand. They're going to pay for some stuff since I don't have to. They both will have several thousand dollars by the time they get to college. My son has 7k right now in his savings and daughter has over 1k.

[monster0ultra]

100% spot on OP.

The give a fish vs teach a man to fish story doesn't apply in this case because the US economy keeps getting worse and worse. The kids may not be able to earn much of a living by the time they grow up so the house and actual assets are far better.

That being said, if you can spare both, that's the best. College may be dumb as far as ROI goes for earnings but class and social standing still matter. There is a definite stigma against people who didn't go to college.

[radrd]

I love my daughter more than anything but I'm not saving for her to buy a house. She can live with me and her mother as long as she is an upstanding person and we can afford it. I'm putting $500 per month into a 529 that she can put towards education or roll into a Roth IRA, but it's not going to go very far and she's going to need to do her part and make her own way in the world just like her parents did.

[theory816]

I love my daughter more than anything but I'm not saving for her to buy a house. She can live with me and her mother as long as she is an upstanding person and we can afford it. I'm putting $500 per month into a 529 that she can put towards education or roll into a Roth IRA, but it's not going to go very far and she's going to need to do her part and make her own way in the world just like her parents did.

That’s a retarded approach. You’re basically make her start the game over again instead of where you saved and continue further into the game. No wonder why we have so many depressed kids who resent society and their parents

[monster0ultra]

I love my daughter more than anything but I'm not saving for her to buy a house. She can live with me and her mother as long as she is an upstanding person and we can afford it. I'm putting $500 per month into a 529 that she can put towards education or roll into a Roth IRA, but it's not going to go very far and she's going to need to do her part and make her own way in the world just like her parents did.

You're setting her up to be at a disadvantage with that antiquated boomer bootstraps strategy.

Indians, Jews, Asians, they all support their kids all the way and they put more pressure on the kids to work hard, not less. Who do you think is going to do better, their kids or yours?

[latverian41]

You're setting her up to be at a disadvantage with that antiquated boomer bootstraps strategy.

Indians, Jews, Asians, they all support their kids all the way and they put more pressure on the kids to work hard, not less. Who do you think is going to do better, their kids or yours?

I stand by this statement.

Every parent should make sure their kid/kids feel like the most loved special person in the world there can never be s thing as told much love but if you value their future there are certain key lessons that must be taught. The understanding of the value of hard work, respect for authority, respect for others. These things MUST be taught and instilled at a very young age.

[eddiehaskell]

Throughout my entire six or so years in college, I got $400 or so from my dad and maybe $150 from my mom for various things. The rest I took care of in some capacity. I didn't save for my kids' college, but fortunately for them I get Chapter 35 benefits through the VA. My son has my old truck. He is 17 and is working full-time right now. My daughter won't be driving for another year and is working with my wife at our snoball stand. They're going to pay for some stuff since I don't have to. They both will have several thousand dollars by the time they get to college. My son has 7k right now in his savings and daughter has over 1k.

Doing well man. Is the snowball place Pelicans? we love those!

[hendrixfreak70]

Doing well man. Is the snowball place Pelicans? we love those!

It's a proprietary snoball stand on the corner of a busy intersection. It, along with my military pay, is my retirement lol. I don't have to work if I don't want to.

[eddiehaskell]

It's a proprietary snoball stand on the corner of a busy intersection. It, along with my military pay, is my retirement lol. I don't have to work if I don't want to.

Awesome...maybe check out some of the Pelicans flavors if you don't already have some of them...specifically the "slap yo mama" flavor which is a "red velvet" flavor with condensed milk on top...probably eat one a week lol.

[radrd]

That’s a retarded approach. You’re basically make her start the game over again instead of where you saved and continue further into the game. No wonder why we have so many depressed kids who resent society and their parents

Yeah we need more idiots who don't think they should have to work and feel like everyone owes them something. The problem you are describing was caused by the exact behavior you're advocating. People who don't think they should stand on their own two feet resent society for not handing them every advantage.

[dankydank]

A lot of poor retards in here who cope that they’re teaching life lessons to their kids JFL. Only thing you’re teaching them is how to get on Noseburgs casting couch so they can try to wipe out the massive debt they’re going to be getting

[LuigiMiami631]

Charge them rent, save that in an account for them. Then have them decide if they want to use it for college or investments, house, etc.

[hendrixfreak70]

Awesome...maybe check out some of the Pelicans flavors if you don't already have some of them...specifically the "slap yo mama" flavor which is a "red velvet" flavor with condensed milk on top...probably eat one a week lol.

Oh, that condensed milk is incredible. We use that a lot at the stand. It's an uncharge though. We have nachos, ice cream, Sundaes, pickles, popcorn, Cokes, cheesecake, brownies, candy skewers, Nerds, gummy worms, M&Ms, chocolate syrups, and lots of other stuff to go in or on the snoballs.

[Godfrd824]

I'm going to save and invest for my children, I will not tell them about it. I expect them to go to top school on academic scholarships. I expect them to choose STEM careers. If they do everything right, they won't need my help at all. But they will have earned everything they need, and that I can reward, and so they will receive the money and earnings I've put away for them.

If they fail, then I have failed, and some hardship and adversity may just be what they need to get on the right track, they'll get nothing.