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Real Estate
Reply to "Remember how people used to have a bachelor pad, then an apartment together, then a starter home...."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Then finally after having children they would purchase their main 2-3 bedroom home. Is this even possible anymore with the rents as high they are along with the high prices of purchasing real estate? Are couples better off living at home with their parents, saving up their money, bypassing previous generation's housing stages to dive right in to their main 2-3 bedroom home right after getting married?[/quote] This mostly happened on tv.[/quote] Not really. This was quite common before the year 2000.[/quote] For whom? I was raised middle class, my spouse working class. We are in our 40's. I lived in college dorms, then rented with roommates after college. He moved rented with roommates after high school. When we got married, I moved in with him and his roommates and we saved everything for a house. My parents were raised working class. They are in their 70's. They both lived at home during college. They got a small apartment during grad school. After grad school, my dad went to Vietnam and my mom moved in with her parents. When my dad finished his service obligation, they got another small apartment. It was years of saving before they could afford a home. My DH's parents were raised poor/working class. They are in their 60's. His mom lived at home until she married which was shortly after high school. She and her husband got a small apartment. After they got a divorce, she moved back in with her parents and he moved back in with his. The closest anyone I know had to a bachelor pad was living off-campus with friends, or other group housing after college or high school. Most people I know who own homes are in the home they purchased originally, unless they had to move for work. There may be a particular culture that lives as you describe, but in my experience it's more "live in chaotic group housing during college / after high school, when you find a partner decide if you're going to live in their group housing or your group housing and try to find some place cheap enough where you can maybe have your own apartment, stay in an apartment until you save up enough for a downpayment for a house, die there."[/quote]
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