Frank Clarici wrote: "Yeah, I am the co-signer on my daughter's VW which is
worth 5k less than she owes."
I told mine, "No, I won't co-sign for you. Earn and save your own money."
If I did loan them any money, they got a passbook from me and paid the going
bank interest rate. And yes, I did repo one of their cars.
Pam and I told all of our children that we were raising them the same way
our parents raised us. And we thought our parents did a pretty good job.
On the other hand, the people across the street *gave* their son his first
car--a new 280. Of course, although he lives less than 5 miles away, he
shows his deep appreciation by bring his wife and child to see them about
once a year. If they are lucky (once it was almost 3 years).
The funny thing is, WE wound up with the best kids, and they are raising
theirs in the same strict, horrible, mean and cruel way we raised *them*!
So we must have done something right.
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