More and more, I hear from my friends that when their kids go to college, they aren’t planning on immediately moving and downsizing to a smaller pad. They say that with real estate prices being so high, they can never imagine that their kids will have enough money to buy their own home.
So, they plan on staying in the house, until their kids get married, have kids, and need a bigger space in a town with good schools. Then they’ll give the house to their kids. Some plan on living in the house with the kids and their families; others imagine moving to another state with cheaper housing costs.
I got a cold call from a real estate agent last week, who asked if we were willing to move, because she had a client who wanted to move to our block. We do live on a good block. We’re the worst house here, which is awesome and fabulous. We’re the house with the cars that get towed away and is desperately in need of new siding. My neighbors back their BMWs into the driveway, so they are facing front.
And Steve wants to dig up the backyard to expand his organic farming project. Hahahaha. That’s going to go over well with the neighbors who hire professionals to light up their yards for Christmas.
But I’m rambling. The point of this post is a small trend alert. Middle class families don’t think their kids will ever be able to buy a house on their own. That’s sad.