Nearly half of adults under 30 live with their parents (Page 2 of 6)
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Originally Posted By ZF-1: Average one bedroom apart costs in Atlanta to range from 1500-2100 per month. Just saying it's expensive everywhere. I once shared an apartment with 7 people because we were barely making any money... And a 4 bedroom is 2800. Always been that way. I don’t remember anyone having a one bedroom apartment or studio, we all had 1-5 roommates. I lived in a house on 5 acres out in Earlysville with 8 people for a while, it was a great time. |
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Originally Posted By ntxrob: I'm confused as to your position. You seem to understand the problem, but still you say cheating as if there are any ties to the system to justify honoring part of it? If you have private retirement accounts and have $3000 a month coming in you will not receive the social security you worked for and paid into for all those years. From the Gen X perspective they have been cheated out of something they were promised and contributed to. From Gen Z perspective they will shrug their shoulders and go “hey life sucks I’ve spent my entire life in my childhood bedroom” |
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Originally Posted By luscioman: In my area the cheapest condo is about 350k. Someone out of college for a few years makeling 65k cant afford that. LOL. They aren't living with their parents for lack of a $350k condo. They are lazy and suffer from arrested development, obviously. |
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Originally Posted By Commando223: Drive by most neighborhoods now and you'll see 4+ cars per house. I certainly dont remember that growing up there was always 1 or 2 at the most. Kids living at home probably make up a part of this, whether in HS, college, or just living at home. A vehicle is pretty much a requirement for any adult not in a major metro with public transportation. |
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Originally Posted By Walleyeguy24: Kids living at home probably make up a part of this, whether in HS, college, or just living at home. A vehicle is pretty much a requirement for any adult not in a major metro with public transportation. Originally Posted By Walleyeguy24: Originally Posted By Commando223: Drive by most neighborhoods now and you'll see 4+ cars per house. I certainly dont remember that growing up there was always 1 or 2 at the most. Kids living at home probably make up a part of this, whether in HS, college, or just living at home. A vehicle is pretty much a requirement for any adult not in a major metro with public transportation. Two houses across the street... one had 2 cars (until he bought a jeep to play with) and the other had one. Single families... New owners over the last 2 years... One house has 8 cars and the other has 7 cars with spilling out into the cul-de-sac. |
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Originally Posted By klinc: Two houses across the street... one had 2 cars (until he bought a jeep to play with) and the other had one. Single families... New owners over the last 2 years... One house has 8 cars and the other has 7 cars with spilling out into the cul-de-sac. Originally Posted By klinc: Originally Posted By Walleyeguy24: Originally Posted By Commando223: Drive by most neighborhoods now and you'll see 4+ cars per house. I certainly dont remember that growing up there was always 1 or 2 at the most. Kids living at home probably make up a part of this, whether in HS, college, or just living at home. A vehicle is pretty much a requirement for any adult not in a major metro with public transportation. Two houses across the street... one had 2 cars (until he bought a jeep to play with) and the other had one. Single families... New owners over the last 2 years... One house has 8 cars and the other has 7 cars with spilling out into the cul-de-sac. Kids at home are getting married and bringing the wife/husband with them 
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"Don't want to be that guy with 100K primers who can't pay the electric bill."
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Originally Posted By deschutes541: My wife and I rented a loft before buying our house. 8 years ago the rent was $710, now it’s $1,500. It looks exactly the same as it did when we lived there. I don’t expect any of my kids to move out at 18. If it’s financially feasible, sure, they can make their own choices but I won’t be kicking them out. I expect to expand my current home or build an ADU eventually. My oldest (25) hasn't really lived at home since she went to college - 4 hours away for undergrad, another town 4 hours away for grad and now lives there. Just got married; her and husband bought a little 1300SF starter home for about $285k. Not a bad deal in today's climate but def not what I generally would consider a good price (not sure those are common now). My 23 year old graduates this year and has a job lined up here, so she's moving back in with me. No charging rent, but she'll be helping out around the house. 20 year old has the same offer when he graduates. I don't know why a parent wouldn't be willing to help out with a child that has their head on straight, but we did that thread a couple of months ago and some of GD really showed their asses. |
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I may have had a couple hundred bucks in a savings account when I left home. I did not expect to live like my parents in a nice house filled with nice furniture. Those things had to saved for, I settled for a cheap apartment 40 minutes from my job. I actually miss those days of salivating over a new large purchase I saved a long time to acquire. |
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Originally Posted By CashOnlyLargeBills: Location has a lot to do with this. You can get a decent 2br/1ba home in a lot of areas under $200k. But if you want to be in a non-crime riddled neighborhood or 65 miles from a major metropolitan area, you will not find those homes. |
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Originally Posted By PeoplesRepublicOfIL: If I was young and stuck in my childhood bedroom with no prospects I would be looking to relocate somewhere remote but close enough to a town or city where I could still access modern amenities. I would build a small log cabin with hand tools like Dick Proenneke somewhere where I could be left alone. If the man came around and told me to leave I would go somewhere else and try again. It would beat living in the shitholes called American cities. |
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My oldest graduated college a year early and moved back in with us. She has a great job from a college internship that she works her ass off at and is quickly moving through the ranks. She drives a newer vehicle I bought her when she got a full ride to college. I made that deal with all 3 of my girls. You get a full scholarship I'll buy you a new car come graduation. She and a my other two kids have no idea what it was like growing up dirt poor in the 80's and I hope they don't have to struggle as my wife and I did to makes ends meet. My goals in parenting was for my kids to have better than I had growing up and to never have to go to bed hungry. She could move out right now financially, but her boyfriend is still in school and honestly it's nice having here around again after living away for school. My middle daughter will likely move out next year wherever her Marine boyfriend ends up stationed, but we'd take them both in if needed in a heartbeat. We don't coddle our kids. They all have gotten jobs at 15 or 16 and all have good work ethics. Are they spoiled by most terms? Absolutely. They also realize how good they have it and are appreciative of what the wife and I provided for them. |
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I lived in the barracks for the first few years out of high school. Then went on to college, got my commission and degree (living in my own apartment). Being debt free and going on multiple deployments back to back allowed me to save up enough money to buy my first house in cash. But you won't see that kind of discipline outside of rare instances these days. Yes, yes. Brag post. |
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Originally Posted By Walleyeguy24: The blinders the boomers are wearing is going to come back to fuck us all. Im gen X and in a good spot financially (3% interest rate on a home half paid off that is worth double what I paid, 3 cars of which 2 are paid off, and well funded 401ks for wife and I). The next generation is going to see very few people like my wife and I in our 40s. They are generally fucked unless extremely motivated or lucky. That all starts with housing. Republicans can really make headway with the millennials if they enact some building code and general housing reforms. I have said this in numerous threads. "Starter" homes have disappeared in suburbia. 3 bed, 2 bath, builder grade on a 1/5 acre lot don't exist. That is a modern Starter home that can be built in many areas for under 300k. That gets a plumber and a teacher in the door in home ownership in their mid to late 20s. 2 car garage, basic appliances, cabinets, bathrooms, etc. Boomers make the claim that the above isn't good enough for the millennials. It is. But all the exists is mcmansions starting at 450 to 500k and around 3000k square foot. And since they haven't been building them around here for 20 years, the older homes are all too big or expensive unless you m9ve to the inner ring suburbs or city, and then have to deal with crime and shit schools. There used to be townhouses in the 90s and 2000s, but they stopped doing those towards younger families, and now have super expensive fancy ones with all the possible upgrades for the retired boomers who dont want to do maintenance anymore. |
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Originally Posted By LV1976: I'll be the first to say that housing, as in buying a house is off the charts expensive. However, I just checked and you can still rent a 3/2 in Scottsdale, AZ (which will be the most desirable area to live in the Phoenix metro area) for under $1500 a month, and not a run-down place either. The surrounding areas of Tempe and west Mesa are very similarly priced. Three people can live in a very nice house with a yard for around $500-650 each per month, in a place where people want to live. Unless you're purposely unemployed or underemployed there is no reason to be squatting in your parent's house. |
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I lived with my parents into my twenties. I did buy a starter house for my fiancee, which I fixed up and then moved into after we got married. $5k away from paying it off. Starter houses today aren't in demand by young people / new families anymore. Around me they get bought up by corporations and turned into rentals, or if they're big enough, bought up and turned into multi families which usually go to house more than a dozen Latinos (speaking from professional experience canvassing). The young people / families want something bigger than the economical 2 bedroom 1 bath starter home in an old neighborhood. They want a 250-300k house without building up to it over years. So the state homes go to Blackrock or whatever, or get demolished because corporations 2k miles away make crappy landlords and they get condemned by local government when the mid level property manager doesn't give a damn about drugs and porches rotting off or 87 police calls a month. Which is not at all to say that the housing marked isn't totally screwed...but the above is why it's screwed. Corporations (unless it's some LLC that mom and pop made for their 3 retirement passive income rentals) shouldn't be buying starter homes, much less 50 of them. Local governments should be doing more to take care of and beautify their older neighborhoods where new home buyers should be able to afford to live. And young people shouldn't expect that starting out in an HR Generalist role for XYZ startup is going to get them the glamorous apartment downtown or the 6 bedroom cookie cutter house in the suburbs. We're witnessing the culmination of a lot of bad policies, from bad education, to lack of policing, to bad parenting, to bad city planning, to bad corporate behavior. Yknow what would help? Deporting 30mil illegals (and 80mil democrats). That would free up a bunch of jobs and houses. |
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Originally Posted By fdawg: Pm me the listings. I am in the market and not finding these. Originally Posted By fdawg: Originally Posted By LV1976: I'll be the first to say that housing, as in buying a house is off the charts expensive. However, I just checked and you can still rent a 3/2 in Scottsdale, AZ (which will be the most desirable area to live in the Phoenix metro area) for under $1500 a month, and not a run-down place either. The surrounding areas of Tempe and west Mesa are very similarly priced. Three people can live in a very nice house with a yard for around $500-650 each per month, in a place where people want to live. Unless you're purposely unemployed or underemployed there is no reason to be squatting in your parent's house. I'm not going to say he's lying, but either that is a room or you will need an introduction because there will be 1000 other applicants and the landlord is looking for something very specific that can't be explicitly mentioned in a housing ad that merits a low enough rent to gather a huge pool of applicants. $1500 is an extreme outlier for 3/2 outside the slum. You would be lucky to get a $1500 3/2 here in Bumfuckistan, AZ. |
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Originally Posted By -Obsessed-: Youre a young adult, 18-22 or whatever. Why does it need to be a nice trailer on land? Mine was $6000. Think it was nice? We spent $5k to largely gut it and make it liveable, so still $11k all in. I learned DIY out of necessity back then but it too has paid dividends that I still enjoy today. You are just starting out. You don't need nice things. You don't need a new, nice car. You need a ten to fifteen year old Honda Civic that will get you to your job and back. And I'd never change my circumstance. I learned a shit ton being forced to make my own way. Responsibility and personal accountability go a long way in life and learning those skills and discipline young is perhaps an advantage worth far more than free rent. |
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Originally Posted By SturmgeschutzIII: Those shows also take place in LA and NYC though. It would be cooler if having to have 2 roommates wasn't a requirements to move out of your parents house. I made 38k after college in 2012 and lived in a 1br apt in a nicer part of a city. That same apt is almost double the rent now. Wages haven't doubled since 2012. Originally Posted By SturmgeschutzIII: Originally Posted By Andrewh: every one of those shows had people with room mates to afford those apartments. I had a roommate for everyplace I lived but 1 till nearly 30. this isn't new that someone just out of college can't afford a place on their own. they just make it like it is. Those shows also take place in LA and NYC though. It would be cooler if having to have 2 roommates wasn't a requirements to move out of your parents house. I made 38k after college in 2012 and lived in a 1br apt in a nicer part of a city. That same apt is almost double the rent now. Wages haven't doubled since 2012. I make more than I did when I bought it but I doubt I could afford my house today if I were shopping now. |
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Originally Posted By fdawg: Sure you would .. cause living in the middle of nowhere and forging for food like it's 1805 is the dream of every young person. Get real. People used to be tough. People used to get on a boat to come to this country not knowing what they would find or if they would survive the journey. |
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Originally Posted By JaredGrey: I lived with my parents into my twenties. I did buy a starter house for my fiancee, which I fixed up and then moved into after we got married. $5k away from paying it off. Starter houses today aren't in demand by young people / new families anymore. Around me they get bought up by corporations and turned into rentals, or if they're big enough, bought up and turned into multi families which usually go to house more than a dozen Latinos (speaking from professional experience canvassing). The young people / families want something bigger than the economical 2 bedroom 1 bath starter home in an old neighborhood. They want a 250-300k house without building up to it over years. So the state homes go to Blackrock or whatever, or get demolished because corporations 2k miles away make crappy landlords and they get condemned by local government when the mid level property manager doesn't give a damn about drugs and porches rotting off or 87 police calls a month. Which is not at all to say that the housing marked isn't totally screwed...but the above is why it's screwed. Corporations (unless it's some LLC that mom and pop made for their 3 retirement passive income rentals) shouldn't be buying starter homes, much less 50 of them. Local governments should be doing more to take care of and beautify their older neighborhoods where new home buyers should be able to afford to live. And young people shouldn't expect that starting out in an HR Generalist role for XYZ startup is going to get them the glamorous apartment downtown or the 6 bedroom cookie cutter house in the suburbs. We're witnessing the culmination of a lot of bad policies, from bad education, to lack of policing, to bad parenting, to bad city planning, to bad corporate behavior. Yknow what would help? Deporting 30mil illegals (and 80mil democrats). That would free up a bunch of jobs and houses. |
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Originally Posted By Coati: I'm not going to say he's lying, but either that is a room or you will need an introduction because there will be 1000 other applicants and the landlord is looking for something very specific that can't be explicitly mentioned in a housing ad that merits a low enough rent to gather a huge pool of applicants. $1500 is an extreme outlier for 3/2 outside the slum. You would be lucky to get a $1500 3/2 here in Bumfuckistan, AZ. |
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| If we hadn’t had my great-grandparent’s house to rent cheap it would have been hard for us to save up for our place. One of the most decent things my grandparents did was keep this little rancher in town in a trust and basically let anyone in the family live in for the cost of taxes, utilities, a small amount for upkeep. My cousins lived there, I lived there, 2 of my sisters. We call it Granny’s Roadhouse. We all chip in and do maintenance and lawn work when it isn’t occupied and my oldest daughter will probably live there next when she moves out and goes to nursing school. Cousins all agree to keep it and have the same deal for our kids and grandkids. Even talking about adding another house or two to the trust to expand the benefit since there’s so many of us now. |
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I don't know what my sister did to my niece and nephew. My nephew just turned 40 and his sister is maybe 2 years younger. They still live at home. I think my sister was always afraid of being stuck in the house with just her husband and never pushed those two to launch. My sister passed away in 2017 and they are still there. I don't think either one will ever be in a serious relationship or have any children of their own. I imagine that their dad will eventually pass on and they will not be able to figure out how to pay bills together. It is all alien to me. My kids do still live at home with their mom or are in school but all at least have plans. My son left for two years and came back to start his own business which is doing well. He had a long time GF but broke up with her and is now dating another gal who is planning on law school and just got an apartment with a roommate. My next will be engaged soon and they will probably start looking for a house next year which she has been saving for. My youngest will have a good job when she graduates and may take jobs around the country for a few years. I have constantly asked them what their plans are and have brought up my niece and nephew. Their mom has done nothing to push them towards independence and seems perfectly content to ask nothing of them and let them live at home. |
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Originally Posted By PeoplesRepublicOfIL: An older member of Gen X is likely going to be reviewed by a government agency that looks at your assets and applies means tested social security. If you have private retirement accounts and have $3000 a month coming in you will not receive the social security you worked for and paid into for all those years. From the Gen X perspective they have been cheated out of something they were promised and contributed to. From Gen Z perspective they will shrug their shoulders and go “hey life sucks I’ve spent my entire life in my childhood bedroom” I don’t see either perspective as being wrong, except that the semi-contractual nature of SS gives Gen X more legal weight. Of course, we’re not talking about legality as much as basic morality. Gen X will be screwed, Gen Z will be screwed, and so on. The basic idea of allowing future generations at least something close to the opportunity previous generations had has been lost. Immigration, crony capitalism, loss of societal/personal integrity, etc., are all contributing factors. |
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Originally Posted By slimslade: Nooo! They need to live where they can surf in the morning then ski in the afternoon! Not to mention a Wolf range and Cove dishwasher! Originally Posted By slimslade: Originally Posted By -Obsessed-: Youre a young adult, 18-22 or whatever. Why does it need to be a nice trailer on land? Mine was $6000. Think it was nice? We spent $5k to largely gut it and make it liveable, so still $11k all in. I learned DIY out of necessity back then but it too has paid dividends that I still enjoy today. You are just starting out. You don't need nice things. You don't need a new, nice car. You need a ten to fifteen year old Honda Civic that will get you to your job and back. And I'd never change my circumstance. I learned a shit ton being forced to make my own way. Responsibility and personal accountability go a long way in life and learning those skills and discipline young is perhaps an advantage worth far more than free rent. I'm not saying that the sentiment is wrong, it's just that the dilapidated trailer isn't $6k now. It's more like $60k. And that’s in a very low cost of living area. |
| Yup, I believe it. Providing room and board for two right now. They’re both working and going to school, so they are trying to better themselves. I don’t want to cut the legs out from under them at this stage of their lives, so I deal with it. I’m hoping that by giving them time and helping them avoid picking up a lot of debt in their twenties, they’ll be in a better position later. |
We're getting close, real close. And now for some more bad news... Ready?
| After the divorce, I kept my "big" house with 5 bedrooms and always made it open to my kids. My oldest graduated from A&M and lived at home for 18 months while finishing her masters and then moved to Dallas. The middle daughter graduated from A&M and I convinced her NOT to get another apartment / rent house when her lease was up and she was job hunting as she did not know where she would end up. She moved home when her lease was up and picked up a great "career" job starting at 75k with 401k matching, great benefits etc. She socked away 2k a month in savings in addition to her 401k contributions and lived at home for a little over a year. It put her in a great financial situation when she moved out and the she is planning on buying a house in the next 2 years (waiting to see what interest rates do and a few other things). My youngest graduates college this Spring and I have suggested she come home as well if she doesn't have a career defining job lined up out of the gate. I really don't see what the issue is with helping assure your kids are in a good spot to be successful. |
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Originally Posted By ntxrob: I don’t see either perspective as being wrong, except that the semi-contractual nature of SS gives Gen X more legal weight. Of course, we’re not talking about legality as much as basic morality. Gen X will be screwed, Gen Z will be screwed, and so on. The basic idea of allowing future generations at least something close to the opportunity previous generations had has been lost. Immigration, crony capitalism, loss of societal/personal integrity, etc., are all contributing factors. There will be pain and suffering all around. Some will have much more some much less. |
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Originally Posted By RouxGaRoux:
Currently lacing up my bootstraps rn about to go give Mr. Lender a firm clammy handshake Oh wait, did I say hiring manager? I meant Marine recruiter
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Your boos mean nothing, I've seen what makes you cheer
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Originally Posted By flcroc: My oldest (25) hasn't really lived at home since she went to college - 4 hours away for undergrad, another town 4 hours away for grad and now lives there. Just got married; her and husband bought a little 1300SF starter home for about $285k. Not a bad deal in today's climate but def not what I generally would consider a good price (not sure those are common now). My 23 year old graduates this year and has a job lined up here, so she's moving back in with me. No charging rent, but she'll be helping out around the house. 20 year old has the same offer when he graduates. I don't know why a parent wouldn't be willing to help out with a child that has their head on straight, but we did that thread a couple of months ago and some of GD really showed their asses. Originally Posted By flcroc: Originally Posted By deschutes541: My wife and I rented a loft before buying our house. 8 years ago the rent was $710, now it’s $1,500. It looks exactly the same as it did when we lived there. I don’t expect any of my kids to move out at 18. If it’s financially feasible, sure, they can make their own choices but I won’t be kicking them out. I expect to expand my current home or build an ADU eventually. My oldest (25) hasn't really lived at home since she went to college - 4 hours away for undergrad, another town 4 hours away for grad and now lives there. Just got married; her and husband bought a little 1300SF starter home for about $285k. Not a bad deal in today's climate but def not what I generally would consider a good price (not sure those are common now). My 23 year old graduates this year and has a job lined up here, so she's moving back in with me. No charging rent, but she'll be helping out around the house. 20 year old has the same offer when he graduates. I don't know why a parent wouldn't be willing to help out with a child that has their head on straight, but we did that thread a couple of months ago and some of GD really showed their asses. I've got an idea in my head that my adult children are welcome to live at home and get jobs, and pay "rent" into their investment accounts, which can later be used as a down payment, or whatever expenses they need when they are ready to buy something. |
“Hokey religions and ancient weapons are no match for a 10mm at your side, kid.”
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Like usual, GD is overlooking the issue. It doesn't matter if young adults living at home is good or bad. What matters is that it is happening and, more importantly, why it is happening. "It's the economy stupid" and the current trend of extended adolescence are the issues that need addressing. |
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Originally Posted By HRoark87: I'm not saying that the sentiment is wrong, it's just that the dilapidated trailer isn't $6k now. It's more like $60k. And that’s in a very low cost of living area. You also have to find somewhere to put it. The land or even a lease slot is not cheap in most places. Additionally, if you move far enough out that the costs go down, your earning potential generally goes down as well (someone will be along to tell me how they live in the sticks and are a quadrillionaire). |
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Originally Posted By HRoark87: I'm not saying that the sentiment is wrong, it's just that the dilapidated trailer isn't $6k now. It's more like $60k. And that’s in a very low cost of living area. Originally Posted By HRoark87: Originally Posted By slimslade: Originally Posted By -Obsessed-: Youre a young adult, 18-22 or whatever. Why does it need to be a nice trailer on land? Mine was $6000. Think it was nice? We spent $5k to largely gut it and make it liveable, so still $11k all in. I learned DIY out of necessity back then but it too has paid dividends that I still enjoy today. You are just starting out. You don't need nice things. You don't need a new, nice car. You need a ten to fifteen year old Honda Civic that will get you to your job and back. And I'd never change my circumstance. I learned a shit ton being forced to make my own way. Responsibility and personal accountability go a long way in life and learning those skills and discipline young is perhaps an advantage worth far more than free rent. I'm not saying that the sentiment is wrong, it's just that the dilapidated trailer isn't $6k now. It's more like $60k. And that’s in a very low cost of living area. I built my entire house for cheaper than the burnt out trailers in my area. Everything mortgageable (even uninhabitable trailers) got bid up to infinity during COVID on ~zero real interest rates. Then locked in for 30 years. They'll never give up those mortgages without paying a King's ransom in premiums. So I just gave up and built a house myself instead. Thankfully vacant land wasn't mortgageable so it didn't go to infinity like the houses and trailers did. |
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Originally Posted By -Obsessed-: So,get an apartment? Or a mobile home. Are you too good for a mobile home? I wasn't. Its what I could afford. Granted I didn't have a childhood home I could live in. Lived there for 5 years before we made enough to start looking at homes, with two incomes. That was fifteen years ago. Wife stays home, we have a nice home we had built. We also had a domestic relocation in there as well so third home, each bigger and better than the last. Not hard. People just don't want to sacrifice and work your way up, from what I can see. My oldest bought a mini mobile; a "park model camper" that is just a small mobile home that just squeaks under the county sq ft limit (400), and put it on our property. He paid cash for it, paid cash for septic and utilities install, all in around $30k. He pays his own utilities (put in a meter), and puts away a shitton of $$ a month. I have no issues with it. He is still paying his own way, but the "camper" is his to do with as he pleases. He is still single, no kids, so why not? I'm all about giving our kids the best possible life, hopefully far better than mine. |
Once you realize that all power comes from the credible threat of the use of deadly force, and the gov't hates you, most things become easy to understand..
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Nothing new. My brothers and sister lived with my Dad (Mom had passed young) after graduation (late 80's/90's). Uncle Sam had other plans for me. My son is mid-twenties and lives with us - he has a great job and is banking money for future home purchase. His girlfriend is doing the same living with her folks. |
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Originally Posted By PeoplesRepublicOfIL: There will be fallout from this that can't be seen today. This ties into my belief that when the time comes for social security to be means tested, this generation will willingly outvote you and not care at all you were cheated out of your social security. They have no stake in the current system and historically this has led to bad things. |
Once you realize that all power comes from the credible threat of the use of deadly force, and the gov't hates you, most things become easy to understand..
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Originally Posted By PeoplesRepublicOfIL: https://www.marketwatch.com/story/nearly-half-of-adults-under-30-live-with-their-parents-the-financial-fallout-could-last-for-decades-5d9f059d Opinion: Nearly half of adults under 30 live with their parents. The financial fallout could last for decades. Childhood homes are the new ‘first apartment Millennials came of age watching shows like “Friends” and “New Girl” that often featured 20- and 30-somethings living in their first apartments. The characters’ parents may have visited and participated in the story lines, but these young adults were living independently. Yet it doesn’t seem a coincidence to me that one newer show that caters to Generation Z, “Adults,” has a group of friends living rent-free in one of the character’s childhood home. People talk about affordability, and how you can't get your own place, and how rent is inflated. But then we point to shows, which are now 30 years old, where a bunch of young mid 20 somethings live together with room mates. Do young people not have room mates anymore? Yeah sure $2500/mo rent is expensive (in a high COL area), but split 3 ways is very affordable on even a $50k salary. |
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Originally Posted By RolandofGilead: GD has the weirdest blinders on to the fact that the housing market is complete trash, and has been for some time, with no indication that it's going to let up. |
Once you realize that all power comes from the credible threat of the use of deadly force, and the gov't hates you, most things become easy to understand..
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ND, USA
Times change. Boomer here. When I first got married, me full time college, ex full time college and I was working a fulltime job 40hr a week, side gigs for extra cash. Take home pay was $600 a month. One bed apartment was $405 a month, in addition utilities, gas for two shitty vehicles, insurance, food was $50 a week for two, cell phones and computers were not in existence for poor people then. No going out to eat, lotta burritos made at home. We bounced a lot of checks at the grocery store by the end of the month. They were cool about it though, they understood young kids starting out, rerun the check in a week. These days, I guess you just stay in the parents house and all the stress that can happen in that situation.
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Member
Joined:
Dec 2023
Posts:
9380
EE: 0% (0)
MI, USA
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Originally Posted By AJE: I've got an idea in my head that my adult children are welcome to live at home and get jobs, and pay "rent" into their investment accounts, which can later be used as a down payment, or whatever expenses they need when they are ready to buy something. Originally Posted By AJE: Originally Posted By flcroc: Originally Posted By deschutes541: My wife and I rented a loft before buying our house. 8 years ago the rent was $710, now it’s $1,500. It looks exactly the same as it did when we lived there. I don’t expect any of my kids to move out at 18. If it’s financially feasible, sure, they can make their own choices but I won’t be kicking them out. I expect to expand my current home or build an ADU eventually. My oldest (25) hasn't really lived at home since she went to college - 4 hours away for undergrad, another town 4 hours away for grad and now lives there. Just got married; her and husband bought a little 1300SF starter home for about $285k. Not a bad deal in today's climate but def not what I generally would consider a good price (not sure those are common now). My 23 year old graduates this year and has a job lined up here, so she's moving back in with me. No charging rent, but she'll be helping out around the house. 20 year old has the same offer when he graduates. I don't know why a parent wouldn't be willing to help out with a child that has their head on straight, but we did that thread a couple of months ago and some of GD really showed their asses. I've got an idea in my head that my adult children are welcome to live at home and get jobs, and pay "rent" into their investment accounts, which can later be used as a down payment, or whatever expenses they need when they are ready to buy something. Seems much preferable to paying a ton of money on temporary housing. We skipped a 529 plan in lieu of a standard S&P index with the idea that having money to get a house will be a far greater obstacle than college financing for him. |
When the going gets tough, the tough go cyclic.
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Originally Posted By Rat_Patrol: WTF you talking about? The GD Boomers are sitting DAMN FINE on their real estate values! Originally Posted By Rat_Patrol: Originally Posted By RolandofGilead: GD has the weirdest blinders on to the fact that the housing market is complete trash, and has been for some time, with no indication that it's going to let up. THAT is what I'm talking about. Since they bought when it didn't take a dual income to buy a dump at 6% interest they think everyone else is just lazy. |
Your boos mean nothing, I've seen what makes you cheer
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I’m trying to figure out why one person needs the space of an entire home? I’m all for homeownership, but the way people move around in this country for jobs and other things home ownership at best is a wash at the end cost wise I do understand for most Americans. It’s their biggest accumulator of wealth, but maybe it shouldn’t be. |