would you collect rent from your parents?

[zoebartlett]

Date: 3/17/2010 4:09:47 PM
Author: Mrs Mitchell
Yes, it would help them to learn about budgeting and the value of money. I would put the rent they paid aside and give them it all back as a deposit towards a nursing home...

 

[elrohwen]

No way.

 

[upgrade]

Date: 3/17/2010 6:17:00 PM
Author: Dancing Fire

Date: 3/17/2010 3:04:06 PM
Author: janinegirly
DF, are you asking for any particular reason?

Answer is obvious No. Rent from working kids over 21, but not parents..that''s ridiculous.

on my other thread most of the people say parents should collect rent from their kids if they had a full time job while living at home. i was just wondering how people feel about collecting rent from their parents.

Well there''s a BIG difference between one''s parents and one''s children. There is no need (in most cases) to teach parents about the value of money or cost of living... there is no need to prepare them to take care of themselves in the world... there is no need to make sure they can handle their own finances because you won''t always be there to do it for them... Our parents have (hopefully) done that for US, so if we can help them in their time of need then we should do so.

It''s our responsibility to teach these things to our children, however, and a free ride teaches them nothing.

 

[Lilac]

I would never collect rent from my parents. They''ve given me so much the last 21 years (and they continue to be so generous to this day) I want to give to them and help however I can.

 

[JSM]

I lived with my parents rent free for 18 years... so they''ll get 18 years rent free with me.

...seriously, I assume if my parents are living with me that they can not afford to live on their own anymore. So, no!

 

[Indylady]

No, would I collect rent from my parents.

 

[HollyS]

I assume that they would only live with me if they were somehow incapacitated. And I would never expect or accept money for caring for my parents.

 

[Kaleigh]

Date: 3/17/2010 8:29:49 PM
Author: HollyS
I assume that they would only live with me if they were somehow incapacitated. And I would never expect or accept money for caring for my parents.

+1

 

[Cehrabehra]

it depends on the situation - if they are loaded and I am broke then I would ask them to help for sure. It also would depend why they were living with me and what sort of a pattern it was and whether I invited them or how hard up they were. Most situations I wouldn''t, but I can think of a few where I''d be like fork it over and contribute - the same about kids living with me.

 

[waterlilly]

never in a million years!

 

[luv2sparkle]

Maisie, I am so with you! Don''t forget to argue with them about everything they say, and embarrass them (in addition to the teeth thing!) in front of their friends, and maybe take up a few really bad habits.

 

[PumpkinPie]

no way!

 

[Tacori E-ring]

Only after 18 years

 

[TravelingGal]

Sure! They can pay in monopoly money.

Seriously, the question is laughable to me. Collecting rent from my mom would be a surefire way of reserving my spot in hell.

 

[snlee]

No.

 

[charbie]

I never would, but you would be amazed at the amount of people who I come across who rely on their parents'' social security check to make it. People invite their parents into their homes, only to quit their jobs and expect their parents will pay for things. I have many people who removed their parents prematurely from my nursing home once they realize their social security check will be turned over to the state if their parent stays with us longer than 3 months. one resident comes every other month for 29 days, then her son takes her back out bc if she stayed any longer he would have to turn her check over. She has severe dementia, he has no job but as her "caregiver." And there is nothing that can be done.

 

[FrekeChild]

Well, I wouldn''t call it rent...

Let me explain a little bit. My father made more than twice per year as much as my husband and I will ever possibly make. Now, yes he paid for me to live for the past...however long. Now besides all of that...My brothers have 3 and 5 kids each. If we have kids, it''s very likely it will be ONE. At most two. Neither of my brothers can afford the kids they have, plus my dad is really incredibly high maintenance.

Which is what it boils down to. My dad is incapable of taking care of himself. He cannot cook, clean, do yard work, take care of his house, pay his own bills, do his own bookkeeping, go grocery shopping, do laundry or shopping (clothes, groceries, household goods, etc)...you get the picture. He''s lucky to feed himself (it''s a good thing he makes decent money--he has to go out for every meal), and put on clean clothes (I wash, fold and hang them all) most days.

So one reason my husband and I moved in with my father was so we could save money, BUT also because my dad is lonely, and again incapable of taking care of himself, and its easier to take care of him from his house instead of from across town. I imagine we will probably live with him for the rest of his days (or him with us) and he doesn''t get to get COMPLETELY taken care of for free!

Having said that, he won''t pay as much as he would if he was our adult child. Even though he kinda is...an adult child that is. Just doesn''t happen to be mine.

 

[reader]

I would not charge dad. Mom I would refuse to live with.

 

[vespergirl]

Of course not.

 

[oddoneout]

Date: 3/17/2010 4:09:47 PM
Author: Mrs Mitchell
Yes, it would help them to learn about budgeting and the value of money. I would put the rent they paid aside and give them it all back as a deposit towards a nursing home...

I know you're joking but that's actually a good idea (reversing the downpayment for the kids' home). Not everyone can afford to help take care of their parents when they're older.

 

[yssie]

.

 

[yssie]

no, no way. prob pay my mum to cook for us all, though - she gives me recipes but they're never nearly as good!

 

[purselover]

The only way I could see my parents needing to live with us or one of my sibilings is if they''re sick or otherwise incapacitated - and in that instance I would happily pay for any home care/nursing home situation they made need.

 

[charbie]

Date: 3/18/2010 9:05:01 AM
Author: purselover
The only way I could see my parents needing to live with us or one of my sibilings is if they''re sick or otherwise incapacitated - and in that instance I would happily pay for any home care/nursing home situation they made need.

just an FYI: for BASIC room and board in a semi-private nursing home, the average cost is $6000/month. throw on any supplies or therapy and the cost can be outrageous.

most families agree to allow their parents to go on federal aide before forking out a fortune. even if my husband and i are doing very well for ourselves, i doubt we will be in a situation to pay $6000/month on top of our own expenses!

 

[cnspotts]

Date: 3/17/2010 6:46:10 PM
Author: upgrade

Date: 3/17/2010 6:17:00 PM
Author: Dancing Fire

Date: 3/17/2010 3:04:06 PM
Author: janinegirly
DF, are you asking for any particular reason?

Answer is obvious No. Rent from working kids over 21, but not parents..that''s ridiculous.

on my other thread most of the people say parents should collect rent from their kids if they had a full time job while living at home. i was just wondering how people feel about collecting rent from their parents.

Well there''s a BIG difference between one''s parents and one''s children. There is no need (in most cases) to teach parents about the value of money or cost of living... there is no need to prepare them to take care of themselves in the world... there is no need to make sure they can handle their own finances because you won''t always be there to do it for them... Our parents have (hopefully) done that for US, so if we can help them in their time of need then we should do so.

It''s our responsibility to teach these things to our children, however, and a free ride teaches them nothing.

Then there is my mom. Hubbs and I are buying another home to "keep in the family" for just this reason. Someone is going to need a place to stay because of poor planning.

 

[princesss]

Oh HECK no!

 

[Lauren8211]

Yes. And if they misbehave, they get landscaping duty!