I think it makes sense to help your (grown) children while they are still young and it can make more of a difference in their lives. One of our sons has some issues and as a result makes poor choices more than most and is horrible at managing money. To avoid conflicts we moved him out when he was 18 and although we helped, he struggled. We wound up buying a low cost (it was 2015) 1 bedroom Condo for him and it has brought some stability to his life. He still struggles financially but when he lost his job last spring at least he wasn't facing homelessness.
I know it is often argued to let them fail, and they learn from it ... but he has failed, and he doesn't learn. Though we help him more than we would like we don't solve all his problems for him and he is doing well considering his past.
We have two other children and we bought them Condo's as well, more recently. The Condo's are in our name but go to the children on our death. All the children pay the carrying costs (HOA, insurance, taxes) but no rent and we estimate this reduces their spending on housing by around $10k per year. The first son just spends it all but he gets to do more travel and adventure than he would otherwise. The other two are both savers and while they may do more they also save more and maybe they will be in a position to FIRE themselves someday.
I know it is often argued to let them fail, and they learn from it ... but he has failed, and he doesn't learn. Though we help him more than we would like we don't solve all his problems for him and he is doing well considering his past.
We have two other children and we bought them Condo's as well, more recently. The Condo's are in our name but go to the children on our death. All the children pay the carrying costs (HOA, insurance, taxes) but no rent and we estimate this reduces their spending on housing by around $10k per year. The first son just spends it all but he gets to do more travel and adventure than he would otherwise. The other two are both savers and while they may do more they also save more and maybe they will be in a position to FIRE themselves someday.