On Mon, 28 Dec 2020 18:39:11 -0700, Graham > wrote:

>On Tue, 29 Dec 2020 12:04:22 +1100, Master Bruce wrote:
>
>> On Mon, 28 Dec 2020 16:56:11 -0800 (PST), Bryan Simmons
>> > wrote:
>>
>>>We're buying a house for my son. It's only $85K. We have to be the
>>>borrowers, and can't even have my son on the mortgage at all because he
>>>doesn't have 2 years of steady income. He'll be making the payments. It
>>>won't cost us anything, but we'll be solely responsible for the loan. No
>>>worries. That kid will be outearning me pretty soon. He figures he'll be
>>>living there for 2 or 3 years, and by then he'll have sufficient demonstrable
>>>income to buy a house that he really wants, and can keep that one as a
>>>rental property. It's not in one of those tiny municipalities (like Bel Nor),
>>>but in University City, about 12 minutes from here in light traffic.
>>>
>>>What's a trip is that when he emailed some of his friends about the house,
>>>it turns out that one of his friends lived in that very house when he was a
>>>small child.
>>>
>>>We're not spending a penny of our own money on the house, but merely
>>>guaranteeing the loan. The one thing that the house doesn't have is a
>>>washer/dryer, and for a move-in present (he doesn't know this yet), we
>>>are going to buy him a nice Speed Queen washer, and a cheap ass dryer.
>>>
>>>He mentioned that he'll be having us over for dinner often, and I'm sure
>>>he'll be coming over here for dinner often as well. This is a nice transition
>>>to him moving out. He's fiercely independent. A lot of kids go though a
>>>stage where they want little to do with parents for several years, whether
>>>that's going away to college or just moving out. He established his
>>>autonomy earlier, doing his own laundry, buying his own clothes, etc.
>>>while he was still in high school, and it's already like he's a fully adult
>>>child in many ways.
>>>
>>>Truth be told, my only disappointment with him is his politics, which is
>>>decidedly libertarian compared to his parents. That's not going to go
>>>away, maybe not ever, but he's his own person, and I never wanted a
>>>clone of myself.
>>
>> Libertarian is non-religious right-wing?
>
>Best summarised as: "I'm alright, Jack! I've made it so f--k everybody
>else!"

Lovely.