Letting family live rent free is just enabling them. If my son moves home after college he's paying rent, and considering he'll still be eating my food for free, i won't even feel bad about charging him standard market rate for a room for rent in my area.A lot also live with their parents and don’t pay rent. I live in California and a coworker who easily makes $20K less than me has 3 cars (one is a project car) because he lives with his grandfather and doesn’t pay rent. If I didn’t pay rent here I’d be saving $2K/mo. With that I could buy a $100K car and afford the payment easily. It’s stupid but I could do it.
That being said, unbeknownst to him, all the money he pays me in rent will be going into a savings account that I will be giving back to him at a time I deem appropriate.
You gotta push em outta the nest at some point. Doesn't hurt to provide them with a safety net, but I have no interest in raising Peter Pan.
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