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Would you ever rent your college aged child a luxury, high rise apartment?

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Old 5th September 2018, 9:19 PM   #31
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Enjoy it OP!

I grew up with modest means.... But I had a number of very wealthy friends, which meant I got to live vicariously through them. Drove rare sports cars, used to house sit a sixteen million dollar mansion, rode their horses etc, it was great.

Sure sometimes I would be feel jealous about how much was handed to them while I worked my butt off.... But I rather know them and enjoy their wealth.
Sorry for all of the typos! On a cell phone that thinks it is smarter than me
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Old 5th September 2018, 11:57 PM   #32
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Originally Posted by RecentChange View Post
But I rather know them and enjoy their wealth.
Amen. I invited a friend in college to go skiing with us, we piled 6 in a car and the same in our cheap hotel room, ramen for lunch and hot dogs for dinner.

He gave me a reciprocal invite later in the season. We took off in his family's private plane, flew straight into Vail and stayed in his parent's 3,000 sf "cabin" next to the lifts.

It was nothing to him, I was gobsmacked the entire weekend. First time I really understood there was a different world out there...

Mr. Lucky
Happiness is not a goal; it is a byproduct -

Eleanor Roosevelt
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Old 8th September 2018, 11:16 AM   #33
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A lot of people would rather work for their wealth rather than just taking it handed down.

Of course you have to decide if that works for you in the friendship. I think I might be able to be friends with someone like that - but only if they didn't act entitled. Otherwise it's a no-go.

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Old 16th September 2018, 5:33 AM   #34
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I've bought both my girls their homes. Both are on farms we own that will become theirs when we're gone.
The youngest walked out of school at the end of the day on her 16th birthday to a brand new jacked up Chevy truck. 7" lift kit, 35's etc. 54k
Safest vehicle around here. We lost our son in a wreck, we're not losing the little girl.
"Don't look back, you're not going that way" Ragnar Lothbrok
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Old 16th September 2018, 8:25 AM   #35
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If I had the money & my child was going to school in the NYC metro area, sure I'd rent the nice apartment. I know a lot of people who rent or buy awesome apartments for their college kids in The City. Many times the parents use the apartment as their pied-a-terre in the City. It's not that uncommon.
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