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Reply to "Anyone's parent ask them to move out of the house after college? How did they say it?"
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[quote=Anonymous][quote=Anonymous]I think you are really out of touch with how housing costs have increased. I’m GenX. When I graduated from college rents in DC were around $500 a month for nice buildings. Two bedrooms were 650-900. Renting a house with five bedrooms was around 2000. You could easily have your own bedroom for between 200-500 a month. In the burbs but walking to metro was even cheaper. Grad school at GW was $700 a credit hour so about $2100 a class and GW was by far the most expensive one. First year salaries were 40K for gov, non profits, etc. First year law positions at mid sized firms were 90K. We live in area far more expensive than DC. A one bedroom is at least 2 - 3 K and probably a crappy building or backyard ADU. Group houses do not exist because a tear down lot is at least 2.5 K. Tech salaries are higher but every other position or job is not. Yes wages have risen but not 4-6 fold. [/quote] This is true, but I’d rather help with rent than have my kids move back. I’d really encourage a low cost of living area move and buying over this though. [/quote]
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