2 ms·
Where I live, our family home is currently worth about 7x the price of the cheapest one bed apartment in the same area. I expect to be able to help them out to
by phs318u 10y ago
Where I live, our family home is currently worth about 7x the price of the cheapest one bed apartment in the same area. I expect to be able to help them out to the tune of 80% to 100% of the cheapest one bed apartment. If they want to borrow a bit more to get something nicer and they're able to do so then good for them. But that's their choice.
With respect to jobs, I totally agree that the definition of "stable" has changed from my parents' era to my children's. And we are lucky we don't live in the US. Our social services, while not what they were, are still ahead of your. But if you can start life without a huge debt, then that is the best way we can help them, and in those circumstances "stability" can be defined more flexibly.