[quote=flu][quote=Blogstar]I worry about my kids housing/shelter prospects for the the future as much as college . How about a double whammy , an expensive investment of time and money into college and then poor job prospects, leading to very limited choices on where to live?
Sometimes, I think if it is a matter of having to choose between helping them with college or housing, the more prudent choice is housing. Having established shelter with low carrying costs early on could be more valuable. There are more avenues for accessing college than for accessing housing.
This doesn’t really apply to me because I had zero support, but generally speaking our parents generation didn’t have to worry about job prospects or housing variables to near the degree. I think it would be wise to consider making adjustments.[/quote]
I think it’s gonna be much worse then that.
Here’s what I’m thinking…
1. Housing will be unaffordable for most people.
2. Student loan debt will be up the creek.
3. Job prospects will be fierce with tighter global competition for top paying jobs
4. Taxes will be extremely high for those still working
5. The wealth gap between the people with assets (have’s) versus most that don’t (have not’s) will be even larger.
6. Healthcare will be a huge problem…
Me thinks without a silver spoon from parents, our kids are going to be, well, screwed…..For me, the way I’m looking at it, it’s not just screwing up and screwing myself… That would be too easy. It’s also screwing it up for my kid…
I’m already factoring out of any financial aid that my kid will get.. No way…. So with that out of the way, as soon as my kid is responsible enough, you betcha I’m going to start wealth transferring sooner versus later….
Take care of your own, my friend. No one else is going to…Everyone else is going to be in it for themselves…[/quote]
