It sure beats a FEMA trailer
- Posted by Brendan Francis Newnam
- on January 21, 2009 3:46 PM
Empty Nesters who were thinking about downsizing are thinking again. With the economy on the skids, they want to be prepared for the off chance that their offspring might boomerang home.
Ned Hill of Provo, Utah writes:
I’m a parent and grandparent. My wife and I were going to downsize—move into a smaller home. But in this economy, we worry about our 5 children and their families. We decided to keep our larger home in case one or more of our children need to move in with us if they are laid off.
And with home prices expected to drop another 9% in Utah in 2009, now isn’t the best time to sell anyway.
How about you? Are you or is someone you know holding on to their home in case their families need to move-in with them? Or, perhaps some of your family has already moved in? Tell us about it
Overheard on the Trading Floor
Are you buying stamps instead of stocks, or art instead of bonds?
Elaine Frankowski said: Buying stamps for investment purposes is the stupidest thing a person can do unless he/she is an expert collector, is More
What's your employer doing to help avoid worker burnout?
RMS said: Until the ecomonic conditions improve, companies will care less and less about the employees. Most managers are too concerned about More
Was college worth it?
Jennifer said: Yes and no. I went to an out of state major university, on scholarship, with no idea what I wanted More
How does foreclosure affect children?
GK said: I had a similar childhood to another poster here. My parents lost jobs, a business and our house in the More