It is considered a solution for people whose parents have stable housing and who have stable relationships with their children (so many parents on DCUM complain about their high school, college, and adult children when they are at home…there can be lots of conflict) and want them to live at home. They also need to live close enough to where their children work (not everyone can find a $100K entry level job in their field of study 30-60 minutes from their childhood home in the dC metro). Frankly, writing all of this out is frustrating. This is possible for a very small segment of the population and you positing this as a solution belies your ignorance of labor markets, modern family dynamics, etc etc |
Agreed. Living at home for college or in your early 20s is a good way to save money, but may come at the cost of networking and social connections. Living in a crappy dorm or apartment with too many people is a right of passage and being around for spontaneous invites is key to building a network for jobs and potential romantic partners. |
None of that matters. Developers are not building 1000 sq ft 3 BR/1BA homes because the cost of instead making a 4 BR/3BA 3,5000 sq ft home instead is nominal to the amount of profit they can make off the larger home. Homes are being built to maximize developer profit, not create modest affordable starter homes. |
You are delusional about wages. My 38-year-old daughter just started earning $75,000 after 16 years in the workforce. My recent graduate earns $50,000. I have one high-earning kid (computer science), but he's an outlier.
For feck's sake. |
Borrowing a bunch of money for a worthless degree wit poor job prospects is often a worse decision than taking a minimum job straight out of high school. |
Hmm, it's almost as if casual, premarital sex with multiple people -- in addition to being destructive spiritually (my opinion) and for society broadly (head over to the relationship forum to see what the modern dating market is like) -- can also be bad for your finances and has been frowned upon for a reason for all of human history. But yeah, I guess there's just no way for the middle class to get ahead anymore? |
Um, my recent grad is at $74K after two years. And they are only in a job that "requires some BA/BS" not a specific major. The company then trains them. Oh and they are in a MCOL area---$1500 gets them a very nice 800 Sq ft 1 bed/1 bath apartment, granite countertops, all LVP except Bedroom is carpet, Laundry in unit, with underground heated parking included. This is literally a job anyone can get straight out of college, no specific degree required |
Why do kids even need a place to live?
When I was single don’t laugh I often sleep in 50-70 beds a year. I had my parents house to crash in but spent time friends apartments, girlfriends place, my beach rental I shared with 15 friends, going in business trips. I often go out friends Friday sleep over, then straight to GF house sleep over Saturday, then home to parents Sunday night then off to a business trip the next week |
This is very atypical. And, quite frankly, sounds like a nightmare. Not everyone would be ok being so rootless. |
50% of ACs in US live with their parents. Welcome to the way the rest of the world live.
Love Hotels are the business opportunity that is staring in the face of Americans. Who will avail of this golden opportunity? Probably some Asian. |
it does matter. People complain they cannot afford to live now, not fully realizing that what they now consider "needs" were not there in the 70s. For example: most lived in a 1200-1500 sq ft 3 bed 1 bath home, many had only 1 car and the SAHP drove the other to work (or had a beater car to get around for one), most had ONE TV and didn't have cable/streaming/etc, you didn't get a new computer every 3 years or a new iPhone every 2 years (and pay $200+ for your family to have those phones), eating out was a treat every 2-4 weeks and often involved pizza--no Ubereatsing dinner 3-5 days per week, etc. All those extras cost $$$$. And FYI-you can still find newer under 2K sq ft homes/townhomes or renovated 1970s homes that are smaller, it's just most don't want that. 20 somethings forget that their parents didn't live like they currently do when they first graduated---most want to continue living the life their parents provided them not realizing that it took 10-20 years to get to that point. |
One word: SEX |
I was not rootless. My car, license. Mail, all my parents house. In fact I only changed address out of parents home at 34. I dated girls doing same thing. My one GF lived in a beach town with very high rents in summer. Her and friends do a furnished off season winter rental cheap Sept 15 to May 15 each year then move home in summer. If single just jump around she did vacations in summer. Ironically I had a one bedroom I owned at time she stay over but next year I rented it out and kept bouncing. I always could kick tenant out or move home. Single people don’t need a place |
Only if you are ugly. I actually lived at home and had a very active sex life. Lots of 1NS and girlfriends and best part I had to go home! And none of them popping in on me. Was heaven |
Yeah just sacrifice your entire 20’s to buy a sh***ty condo, great idea! Never date, never do anything fun, don’t start a family until you’re practically too old to have kids, just afford a freaking condo. LOL. |