- Joined
- Feb 1, 2007
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Same here...my undergrad was like 60% asian, they were pretty much all taken care of and very well off. then again, fees were cheap to begin with (like <$5k/yr....gotta love in-state costs).
I went to school during the housing boom and a good chunk of my friends had parents who bought them condos to live in (vs. throwing $$ away on rent....might as well get a zero down mortgage and a tax deduction since most of them owned their own houses outright and didn't have mortgage interest to deduct).
Yeah, I know people like that too. My parents offer to buy me a place to live during undergrad too, but I told them to just pay for my apartment b/c I do not know where I would be living at when I graduate and I do not want to go through the hassle of selling.
The point is I think both American and Asian parents can be ridiculous. American parents are ridiculous b/c some refuse to pay for their children's undergraduate education and expect their children to be on their own when they are 18 years old. If your child is 18 without a job, then they need your help. It's your job as a parent to paid for your child's undergraduate degree and support them fully until they have a good paying job. Expecting your child to pay for their own car insurance is ridiculous too. No student can afford to pay for that.
Asian parents can get ridiculous in that they want their 30 year old son or daughter to still live at home! Okay, when your son or daugher is 30 years old and is making 100K a year, they do not need your support no longer! My parents would keep on paying for all my bills and would still want me to live at home forever. But I think it would be ridiculous for me to still live at home and have my parents pay all my bills when I am making 100K a year. Personally, I would hate living in a 2 or 3 generation household. I like living by myself and having my own privacy.
Personally, I think if you are 30+ years old you should have a job that pay decent amount of money (at least 50K a year) and you should be on your own and TOTALLY INDEPENDENT. A 30 year old living at home is crazy. It means you have been a bum for 3 decades. Which is very sad.