It's OK for college grads to move back home for a while.

[Anonymous]

Anonymous wrote:

Anonymous wrote:At this stage I lived in a group house -- rent was cheap and it was way more fun than living with my parents.

I remember this! There were amazing houses throughout the District that you could rent and share with five others for cheap living costs. This option is basically gone now.

Maybe people don’t like to rent to singles, but there are plenty of 4 BR houses that rent for around $4000 in NW DC. I would imagine you could get 5-6 into one (assuming some bedrooms are large enough for two beds).

Again, maybe landlords don’t like to rent to singles anymore (and maybe the singles don’t want to live in the boring parts of town).

[Anonymous]

Of course. I’m in NY, the rent prices are crazy.

[Anonymous]

Anonymous wrote:This isn't "failure to launch" -- this is giving them a leg up to be able to save money so they have a little nest egg when they do move out on their own.

I've got 2024 college grads at home - both working and earning/saving money. They pay most of their own bills but are for the most part saving and paying down small college loans. This isn't failure to launch. Failure to launch is not having any job 6-12 months after college and living at home way past your mid to late 20s.

I'm sure there are quite a few 2024 college grads living at home doing the same thing.

This sounds like rationalizing to me. What a strange post.

[Anonymous]

Anonymous wrote:

Anonymous wrote:This isn't "failure to launch" -- this is giving them a leg up to be able to save money so they have a little nest egg when they do move out on their own.

I've got 2024 college grads at home - both working and earning/saving money. They pay most of their own bills but are for the most part saving and paying down small college loans. This isn't failure to launch. Failure to launch is not having any job 6-12 months after college and living at home way past your mid to late 20s.

I'm sure there are quite a few 2024 college grads living at home doing the same thing.

This sounds like rationalizing to me. What a strange post.

No, I think it’s nice. Many years ago my aunt let me live with her for 6 months while I got established in my first job in NYC out of college and saved enough to afford rent (first, last and security deposit back then). It’s also not easy to find an apartment when you’re young and cheap. She passed away but I’m hoping I can “pay it forward” and help out another young person that way some day.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:This isn't "failure to launch" -- this is giving them a leg up to be able to save money so they have a little nest egg when they do move out on their own.

I've got 2024 college grads at home - both working and earning/saving money. They pay most of their own bills but are for the most part saving and paying down small college loans. This isn't failure to launch. Failure to launch is not having any job 6-12 months after college and living at home way past your mid to late 20s.

I'm sure there are quite a few 2024 college grads living at home doing the same thing.

This sounds like rationalizing to me. What a strange post.

No, I think it’s nice. Many years ago my aunt let me live with her for 6 months while I got established in my first job in NYC out of college and saved enough to afford rent (first, last and security deposit back then). It’s also not easy to find an apartment when you’re young and cheap. She passed away but I’m hoping I can “pay it forward” and help out another young person that way some day.

(and BTW - I had to stay with my aunt because my parents wouldn’t let me stay with them … guess how that has worked out for them decades later?)

[Anonymous]

Anonymous wrote:This isn't "failure to launch" -- this is giving them a leg up to be able to save money so they have a little nest egg when they do move out on their own.

I've got 2024 college grads at home - both working and earning/saving money. They pay most of their own bills but are for the most part saving and paying down small college loans. This isn't failure to launch. Failure to launch is not having any job 6-12 months after college and living at home way past your mid to late 20s.

I'm sure there are quite a few 2024 college grads living at home doing the same thing.

If you use “this isn’t failure to launch” multiple times in your question. I think you already know the answer.

[Anonymous]

Anonymous wrote:They should pay rent in a terrible neighborhood with a group of friends, party their ars off, Uber eats late at night and 5 years later complain about the cost of housing and bemoan the inability to put 20% down,

My 2023 grad is doing this. Two of the roommates are full time remote and DC WFH 3 days/week. IMHO remote working allows them to basically live like they did while in college. There is no need to change their lifestyle b/c they just have to rollover in bed and login after a late night instead of getting up/dressed/into the office. They’ve been on 2 trips outside the US and several within the US. They all constantly complain about how overworked they are. Little to no savings beyond 401k. Definitely won’t have money for down payment anytime soon.

[Anonymous]

College cost a lot, parents can't/won't pay, kids take loans, can't afford housing because they need to pay back loans.

Solution: Attend college where you can get merit scholarship or just go to community college or get government job so you can PSLF.

[Anonymous]

Also helicopter parents think kids shouldn't commit to anyone before early 30's so kids just stay home and go for hookups because other people don't want relationships with under grown adults who still live with their parents.

[Anonymous]

Anonymous wrote:

Anonymous wrote:They should pay rent in a terrible neighborhood with a group of friends, party their ars off, Uber eats late at night and 5 years later complain about the cost of housing and bemoan the inability to put 20% down,

My 2023 grad is doing this. Two of the roommates are full time remote and DC WFH 3 days/week. IMHO remote working allows them to basically live like they did while in college. There is no need to change their lifestyle b/c they just have to rollover in bed and login after a late night instead of getting up/dressed/into the office. They’ve been on 2 trips outside the US and several within the US. They all constantly complain about how overworked they are. Little to no savings beyond 401k. Definitely won’t have money for down payment anytime soon.

And yet they have pride in being self-sufficient and going on overseas trips a year after college, which is a great time to travel.

[Anonymous]

I don’t get why people claim kid saves money living at home after college. I went skiing all the time in winter, went to my beach house all 16 weeks of summer. Went on vacation a lot, had a nice car.

I had more disposable income that was just spent differently.

[Anonymous]

Anonymous wrote:Clearly, it bugs you for some reason or you wouldn’t be posting your unsolicited PSA on DCUM.

And stating twice in one post that they are “not failure to launch.”

I think most kids that age would be anxious to live independently , even if it means sharing a small place. They want to cut the apron strings, have a romantic life, etc.

[Anonymous]

I don't see the point of moving away from your family unless you are getting married and starting your own family. I would ask for rent, though. My siblings lived with us when I was a kid, and they paid 1/4 of their salary to our mom for room and board.

[Anonymous]

My kids are in their 20s. They are welcome to live with us for as long as they want. They don't have to pay for room and board.

[Anonymous]

Anonymous wrote:I don't see the point of moving away from your family unless you are getting married and starting your own family. I would ask for rent, though. My siblings lived with us when I was a kid, and they paid 1/4 of their salary to our mom for room and board.

Well, if you want to work on Wall Street you are going to NYC, if you want to work in entertainment you are likely going to LA, etc.