In the current US housing market, should we help our adult children buy a house? Is it a help or a burden on retirement?

Before you decide to help, make sure your child has enough income to cover the mortgage and other housing expenses. Unless you are really rich and don’t mind supporting your child indefinitely, helping with the down payment at first and then paying $1,000 a month later will be a test of your financial situation.

Many people are having trouble buying a home right now. If you can help them do so without hurting their finances or affecting their retirement plans,

It’s great to help your adult children realize their dream of buying a home, but remember, it’s also right to take care of yourself. Otherwise, when you retire, you may find yourself with no place to live and have to move into the house you helped buy.