The following is an article from Forbes.com: Your kids have just graduated from college. They’ve moved to a new city where they’ve been fortunate enough to land reasonably well-paying jobs. The problem is that they don’t earn enough to live anywhere better than what strikes you as an overpriced tenement. You would feel more comfortable if they could live somewhere cleaner, safer, more convenient and, preferably, that has a spare room where you could stay when you visit.
If you can afford it, rather than have them fritter away their salaries on rent, which forces them to continue hitting you up for cash, it might make sense to buy your children an apartment. Not only would it give them someplace affordable and decent in which to live, but many financial advisers suggest that buying your children a home–or lending your children the money for a home–could be an effective way of teaching them a lesson in financial responsibility. Even better, it could be financially advantageous for you as well.
Buying a condo in NYC for Children can be a stressful process. We cater to our Buyers every step of the way from locating the right property at the best price, through preparing you for your closing. Our team analyzes the real estate market daily to find specific features and the best price on behalf of our clients so that they can save time and money.
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All information is from sources deemed reliable but is subject to errors, omissions, changes in price, prior sale or withdrawal without notice. No representation is made as to the accuracy of any description.