House help is a demand too far
imbued with the financial facts of life. Student loans must be kept small. That means studying from home, so you need to raise children you can bear to be around, and who can stand living with you. Optimistically, I’m going for 6/10.
And now the biggie. Parents, you may have thought it was tough enough to save the vast sums needed for your own retirement. Well, you now need, it seems, $50,000-$100,000 to help each of your children into a home. For many new parents the chance of that is 0/10. This is an absurd pressure for young parents to feel. We need a housing market where ordinary hardworking people can buy homes.
At least if parents manage the first three, their children will be in a position to make their way in the world when/if housing sanity returns, or movesomewhere more affordable.
Will this little mite need a gift of $50,000-$100,000 to get onto the housing ladder?