There are two categories of parents. Those who have younger children at home.

Those whose children are over 18. Yes you can be both at the same time.  Smile

 

For those of you with young children at home... Please buy a house. It is a very wise financial decision that will benefit your children. Do you want to help your children with college financing? If they are under 5 years old you will have some solid money built up in the equity of your home to help them with when they reach college age. Watch the you tube video I have linked on this sight named "Wow" to see how true this is.  It is a no brainer.

The other aspect of this is something I realise because my children are adults. When you have young children like you do, you shift into another phase of life, you leave behind some of the silliness of youth, you settle down, mature up (finally LOL), and kind of hit a long stretch of going to work, paying the bills, and investing in your family. That's a good thing. Ten years, then twenty years will pass without you hardly even noticing it because you are in a routine. You want to build into your routine financial gain, and that is what you do with home ownership. In twenty years you will almost certainly have hundreds of thousands of dollars built up in the equity of your home if you manage your money correctly and just let the equity build. Again if you don't fully understand how this dynamic works watch the Wow video on my YouTube page. Please buy a home, for your family. Even if I am not the agent, (Pick me - Pick me) I still say buy one.

Go ahead and read the story below and if you have been that unrelaible and foolish kid, mature up and be responsible so your parents can help you. They may well long to, but you prevent them because you can't handle the responsibilty of it. Don't ask for it, if you really are not ready yet, that puts them in a really awkward uncomfortable position (which you would never do if you are mature and responsible) If they have not seen the demonstration of your responsibilty, show it ot them, don't promise it, do it. You do your part of being someone they can help.

 

For those of you with children over 18. Read the part above and you will agree. May I suggest if you are able to, Help your kids buy a home for the exact reasons I stated above. For the grand kids. Now lets get real for a minute. I understand, I have grown kids. Some kids are just more responsible and mature than others. It may not have anything to do with age, you understand this if you have more than one child. Let me encourage you if you have foolish kids bouncing around in there early twenties. My mother-in-law told me many kids start maturing and becoming responsible in there later twenties. I have watched that happen and find it to be true. Some young adults can be so foolish, though you want to, and try to help them, you can't because they just can't handle it.... yet. Hang in there. I would not suggest you help that type to early, wait for them to mature. I think you will know when they are ready.

     I want to tell a true story, I have first hand account of this. I just love telling this story. There was a young lady who had two kids and their father was a flake and left them while the kids where in diapers. The grandparents where wise. They knew there daughter and if they did not handle this wisely they could cause all kinds of grief in the family over money matters. They got a hold of a realtor and bought a nothing fancy but safe and sound home. They then arranged for a rental manager and with a couple slick tricks got there daughter to move into that house. I mean the rent was so reasonable and just about a block from mom and dads. She had no idea who owned that house, she just related to this nice, but not to nice, land lord manager. The daughter had been foolish, no one was debating that, but with these two kids she rose to the challenge. She matured like a mother hen, worked hard, and paid the rent, I mean she certainly wouldn't want to lose the good deal she had. Her kids had been raised well and at 18 they had worked hard and deserved to and wanted to go to college. I saw her the day her mom and dad told her, well just use the equity you have built up in your house. She was confused at first....