NYTimes: In NYC, parents are paying their kids rent...and you wonder why economics are so racialized

[Ronnie Lott]

If you view your kids as a burden, and not set them up to have wealth passed down to them, then maybe you shouldn'thave them in the first place. Too many black parents view their kids as a burden, only to wonder why their kids never keep in contact with them in their later years when they get old.

Me? I rather be a millionaire before kids come through and pass down a lot. As long as they are working to build WEALTH, then they are welcome to stay.

I don't view kids as a burden. I want my kids to go out there and get it instead of expecting me to give them something. If I pass down wealth to them when I die then cool. But to house a 30 year plus grown adult while he/she figured out life is handicapping your kid.

Kids have to get off the titty at some point.

I left the crib at 18 and vowed never to go back

 

[Ronnie Lott]

If you view your kids as a burden, and not set them up to have wealth passed down to them, then maybe you shouldn'thave them in the first place. Too many black parents view their kids as a burden, only to wonder why their kids never keep in contact with them in their later years when they get old.

Me? I rather be a millionaire before kids come through and pass down a lot. As long as they are working to build WEALTH, then they are welcome to stay.

And you totally typed some bullshyt with this part

 

[Wild self]

And you totally typed some bullshyt with this part

It's the truth. Black folk need to understand that group economics is only possible if a plan to build wealth is possible. The age old "go get it out your own when you hit 18" of the 70s is dead. The cost of living is too high, the jobs, skilled and not skilled, are too few, and people who refuse to adjust, always get pushed back and never recover. 90% of the stories are from people down south or people going to the military, which are the only options left.

Plus, some of these young ass 30s and 40s something year Olds need to realize that having the crib by yourself ain't gonna make things better. You want to party when you over 40 on the regular while you kicked out your 18 year old without a plan to build wealth? Don't expect him to call you when you get old, and certainly don't feel that you can be fly again when you the old man in the club status nowadays.

Too many black folk have this of wealth building, and they wonder why their kids never contact them. It's only an issue now when outside forces exploit that dysfunctional mentality.

 

[Cave Savage]

I don't view kids as a burden. I want my kids to go out there and get it instead of expecting me to give them something. If I pass down wealth to them when I die then cool. But to house a 30 year plus grown adult while he/she figured out life is handicapping your kid.

Kids have to get off the titty at some point.

I left the crib at 18 and vowed never to go back

good post

and there's all this talk of "staying at home and stacking bread", but having your own place is just too important in my opinion. I got along just fine with my parents, but the freedom of my own place is so nice. Not saying that anyone should throw their kids out before they're financially capable, but nobody should have to provide for their 35 year old kid. I'll be a senior citizen when my son is that age, I'll want to just relax and have the place to myself along with my wife. Also, as far as generational wealth goes, isn't it better to have your own house paid off by your 30/40s than have nothing until your parents die? Now, that's two houses within the family instead of just one.

 

[Mr.Big Meat McGee]

Nothing wrong with this.

Asian families prefer their kids stay home until they get married/have enough money to buy a house.

Unfortunately, "most" Black and Hispanic parents want kids out the second they hit 18.

Edited for clarification.

I think it's an African American thing.

Most Africans / Carribbean Black people want their kids to stay in them after they hit 18.

 

[Cave Savage]

I think it's an African American thing.

Most Africans / Carribbean Black people want their kids to stay in them after they hit 18.

I don't think it's an AA thing either

I don't think I know a single AA who was kicked out at 18 or at all for that matter

 

[Frida Giezman]

good post

and there's all this talk of "staying at home and stacking bread", but having your own place is just too important in my opinion. I got along just fine with my parents, but the freedom of my own place is so nice. Not saying that anyone should throw their kids out before they're financially capable, but nobody should have to provide for their 35 year old kid. I'll be a senior citizen when my son is that age, I'll want to just relax and have the place to myself along with my wife. Also, as far as generational wealth goes, isn't it better to have your own house paid off by your 30/40s than have nothing until your parents die? Now, that's two houses within the family instead of just one.

I don't think anyone is saying you should outright provide for your children once they reach adulthood

But if the situation allows for it how do u not see the benefit of letting your grown children stay with you until they can save enough money to buy an apartment or house of their own or put down a sizeable down payment for one

Now don't get me wrong they should still contribute to rent/mortgage/bills and if they're going out every weekend, not saving their money and taking advantage of the situation than that's another story

 

[Mr.Big Meat McGee]

Nothing wrong with this. However there is history to it and this is why black people deserve reparations. Generational wealth is no accident. Blacks were not given GI loans after they served in WW2 like white soldiers were. During reconstruction blacks were not given any of the land or equipment they were promised. Black people pay higher rates for mortgages when they are finally given one. shyt goes deep.

Don't forget. Whites would also run Black farmers, wealthy Blacks and etc off their own land. And they also would burn down successful Black neighborhoods.

 

[re'up]

The point about poverty and race is if you don't have a home, or the assets to pass one to your children, you can't fukking do it. And that perpetuates economically disenfranchised segments of society being stuck in poverty. This is part of the cycle. It's not about a race being more fiscally adept, or another being foolishly prideful..... it's about inequality careening forward in a massive scale. Multi generational homes are very often poverty related, although many are for strict cultural/ethical/social norms....A childhood friend of mine, lived on the same block, still lives at home, the one his parents did own.....Only now, he lives with his parents, his wife, and their three children, plus his brother, in a three bedroom house. They aren't stacking up money, they are barely getting by.

 

[jwonder]

it's better and cheaper to build at home than to go and live alone too. I'm fine with the people I live with & I guarantee im paying less than you per month. You're running in circles

This is my whole point. Stay home till you can afford to be on your own. I'm sure you are paying less than me but the difference is I'm established and I can afford to not live with roommates. So traveling, going out, extra shyt is never a problem. Like I said to each is own. I wouldn't want to live with other people.

 

[jwonder]

good post

and there's all this talk of "staying at home and stacking bread", but having your own place is just too important in my opinion. I got along just fine with my parents, but the freedom of my own place is so nice. Not saying that anyone should throw their kids out before they're financially capable, but nobody should have to provide for their 35 year old kid. I'll be a senior citizen when my son is that age, I'll want to just relax and have the place to myself along with my wife. Also, as far as generational wealth goes, isn't it better to have your own house paid off by your 30/40s than have nothing until your parents die? Now, that's two houses within the family instead of just one.

Yeah I think it depends on what kind of parents you have. If you have one of those be home my midnight type parents, than for a young person you don't want to stay. I moved out early because I couldn't do the whole it's my house it's my rules type shyt. I had a few friends who had freedom and stayed home stacked chips and it worked out. The living conditions was better because they had their private entrance to the house, so they literally didn't have to worry about disturbing their parents. And nobody is saying to stay home till you 35. The moved out in mid 20's and was able to buy their house and live comfortable because they had such a big down payment.

 

[b_low_brown]

This is my whole point. Stay home till you can afford to be on your own. I'm sure you are paying less than me but the difference is I'm established and I can afford to not live with roommates. So traveling, going out, extra shyt is never a problem. Like I said to each is own. I wouldn't want to live with other people.

If u wanna stay with mommy and daddy till you can eat the entire cost of rent & go out a little more then be my guest bro, I'm doing fine over here tho

 

[root_eruditorium_org]

I don't think anyone is saying you should outright provide for your children once they reach adulthood

But if the situation allows for it how do u not see the benefit of letting your grown children stay with you until they can save enough money to buy an apartment or house of their own or put down a sizeable down payment for one

Now don't get me wrong they should still contribute to rent/mortgage/bills and if they're going out every weekend, not saving their money and taking advantage of the situation than that's another story

The fact that this is even a discussion just goes to show how priviledged and well off most Americans are (or expect to be). In poorer countries kicking your kids out at an arbitrary age (18) is just infeasible because the unemployment rate is such that at age 18, most individuals do not have stable jobs and thus can't afford to move out and make their own way like is expected in richer societies.

Society is structured in a way that makes applying such standards impossible. You can't call a 23 year old living with their parents (or leaching off them in some capacity) a "bum" when 23 year olds as a whole can't afford to get their own place, car, etc.

By the responses in this thread, you can tell who is well traveled and knows how life works outside of rich countries.

 

[R.E.N. Spells Ren]

The Coli never disappoints. A thread pointing out the why "economics are so racialized" has devolved into people claiming black folks don't look out for their children and view them as a burden

 

[Frida Giezman]

The fact that this is even a discussion just goes to show how priviledged and well off most Americans are (or expect to be). In poorer countries kicking your kids out at an arbitrary age (18) is just infeasible because the unemployment rate is such that at age 18, most individuals do not have stable jobs and thus can't afford to move out and make their own way like is expected in richer societies.

Society is structured in a way that makes applying such standards impossible. You can't call a 23 year old living with their parents (or leaching off them in some capacity) a "bum" when 23 year olds as a whole can't afford to get their own place, car, etc.

By the responses in this thread, you can tell who is well traveled and knows how life works outside of rich countries.

I can't tell which side of the argument ur on from ur response

Employment in America may not be as high as in other countries but I'm pretty sure the cost of living here is much higher