For the past five years, Ernie DiGiacomo has been able to count on parents to guarantee the $1,500 to $2,500 rents he charges for the 15 apartments he owns in Williamsburg, Brooklyn. When he called renters who had missed payments, he often heard, “My parents will send you a check.”
But in the past six months, the parents are pulling back financial help, he said, and as a result, he has watched more renters move out.
“Most of them are moving back with parents,” Mr. DiGiacomo said.
When did we lose sight of the fact that it is the aim of parenting, in part, to raise our kids to be independent?
well, some parents could not let go, and had the $$$ to keep that unhealthy dependence going. now, some don’t. probably good for the parents and the kids frankly.