I hope his parents enforce a curfew…can’t have him coming home at any odd hour of the night!
[QUOTE=""]
:!!
[/QUOTE]
I think that is wonderful! Betting his parents are so happy!!
huge difference between i want to live there and i cant afford to move out…
You know, I know a fair number of new grads living with mom and dad, most with full time jobs and health insurance. As one new grad/new teacher put it. I"d be over here all the time anyway. Why not just live here?
I imagine that he does not need to be stuck in the basement, but rather probably have the best bedroom in something that all of us, simple mortals, can easily call mansion. Happy for him and his family! Great choice! I would love to have at least one of mine living with us. But it is a selfish wish, they have to build their own lives, we all, unfortunately, live in the different cities. I experience “empty house” syndrome after each of their visits!
Just because a young person may be able to afford, on paper, to pay for their own place doesn’t mean this is the best idea. Living with parents for a while could be the responsible choice of a kid who wants to pay off some college debt or start saving for a down payment on a house without having rent suck away most of their disposable income. I think if more people found this normal and socially acceptable that the next generation of young people would be in a much stronger financial position having a few years of rent money to put toward other major expenses.
"Just because a young person may be able to afford, on paper, to pay for their own place doesn’t mean this is the best idea. "
- Are you joking? We are not talking about newly done with residency MD who is up to his dream of having $250k. I use it as an example. We are talking about somebody who is GUARANTEED to make $8.8 millions in the next few years (I am not sure how many years, but definitely much shorter than 10). You think that ANY bank will hesitate to loan good chunk to such a person? I bet that he is up to buying the house for the entire family anyway, with or without parents. Why anybody who makes millions would not live in mansion? I told my kids to buy a mansion when they can afford it and hire a cleaning person to clean it!
I was speaking in general terms about young people in general living with parents, not about this particular individual who obviously isn’t going to benefit financially from it.
I am having my basement guest room redone because DD, age 27, will be moving in come fall. She’ll be starting a PhD program nearby, and wanted to have a break from paying rent for a while so she can save up to buy a car. Something she didn’t need while living in big East Coast cities. I’m excited to have her back after a decade of her living thousands of miles away. She’s excited about going back to school. This is a case where it’s all good - a financially smart decision that’s applauded by her delighted parents.
Ask me in October how it’s working out. There may be a little less delight all around. :))
I’m sure the basement in his parents house that he brought for him is bigger than the average person house.
However, he usually works evenings, and may not know whether he has to work overtime until late in the evening.
I’m pretty sure Gator was joking…
At some age / income level, it becomes the parents living with the child rather than the other way around. $8.8M might cross that threshold 
How long is the basketball season? It goes from October to June (playoffs)…if you are travelling half of the time, ti would make sense to have someone who could help take care of things.
I suspect strongly that he’s not the only young professional athlete sharing a home with one or more parents. Parents play a pretty prominent role in the lives of a lot of young pros, including as live-in factotums/cheerleaders. The non-glitzy difference that ultimately makes this seem unusual and therefore newsworthy is that, unlike almost every other draft choice in any sport high enough to get that kind of a contract, he will be a professional athlete in the same city where he grew up. He hasn’t bought his parents a new house (yet) because neither he nor they have to move to another city to further his career. Of course, he’ll eventually get them a nicer house, or they’ll move into the nicer house he gets for himself, or maybe both at different times, but for the moment they have the luxury of staying put.
I know one professional athlete who lives with his agent. Hangs out with him a lot too. I think he’d just be lonely on his own since he’s not from this town.
If it keeps them from making bad choices and getting in trouble then it’s a great idea.
It appears that the player bought the house several years before, and then gave the house to his parents. I am going on record now-if one of my kids wants to give me a house-especially if it’s of the pro athlete house type-they are welcome to live in the basement.
I don’t know if he moved out this year, but last year, the Mets’ young, just debuting pitcher, Steven Matz, commuted to the World Series from his parents’ home on Long Island.