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Reply to "At what point do you or will you make your kids leave home "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]As a continental European, I think it's normal to live with your parents in your 20s, especially if you are in college and grad school - most campuses do not offer dorms, and renting rooms is expensive, so if you live within commuting distance to school, you stay home. This is what my cousins, friends and I did, except the ones who came from the countryside and were forced to rent. One acquaintance rented in a nun's convent, apparently they let rooms to young women. Then I came to the US for grad school with my boyfriend, now husband. Lots of young adults in Europe and Asia live with their parents after university until they can afford a home, because real estate is so expensive there compared to income. [b]This is perhaps not the norm in this country, but it may soon be, at least in high COL areas of the US.[/b] [/quote] 100% Some of you all need to check your expectations. It's expensive and difficult for these "kids" coming out of college. [/quote] Europe is quite different in terms of the job market. Read the WSJ article about tourists in Lisbon and AirBnBs driving up rental markets. College grads are paid shockingly little. Like 1500 -2000 Euros per month, of which 80% or more would get eaten up by just rental costs. Now, there is no student debt and no healthcare costs…but it’s crazy how low wages are for jobs in the US that pay 3x the equivalent in Europe. Ironically, the same reason you have many Americans retiring to Portugal because overall costs are low.[/quote] The costs are not THAT low in Portugal and they are considerably higher in other EU countries. Further, many college grads here are not making that high of salaries coming out of school and have lots of debt. [/quote]
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