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The majority of 18- to 29-year-olds in the US are now living with their parents

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Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#151

Post by FridgeSeal »

dcdevthrowaway wrote: post #44
CalRobert wrote: post #23

Those parents often shout about "greedy developers" (or, if pressed, "parking and neighbourhood character") when, heaven forfend, someone tries to build new homes near them. Treating homes an investment was one of the worst mistakes of the 20th century.

You say mistake as if it were an intentional choice that turned out to be a bad one. I don't know my history of this subject very well, did policymakers really sit down and encourage homes to be treated as investment, leading them to become less affordable? Or were homes becoming less affordable just the natural consequence of having an expanding population and fixed supply of land? I'd always sort of assumed the lat…

Here in Australia it was definitely intentional choice, or at the very least, intentionally expanded upon.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#152

Post by blub »

srtjstjsj wrote: post #129
serial_dev wrote: post #67

Earlier quoted context omitted.

Low interest rates are nice, but how many years do you need to work with an average middle class income to pay for an average flat/house? I live in Munich, and it's difficult to imagine that I can ever buy a house here, even with a relatively good salary.

7 billion people in the world. We can't all live in the few best cities. Why should it be so cheap to live there, if everywhere else is unacceptable to you?

Maybe they were born in Munich.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#153

Post by jermaustin1 »

taejo wrote: post #112
eurekin wrote: post #69

Earlier quoted context omitted.

Please consider seeking prodessional help. Wish you all the best

Or just continue not putting yourself in dangerous situations.

Or both. There is nothing wrong with therapy.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#154

Post by School-Cotton »

srtjstjsj wrote: post #126
School-Cotton wrote: post #78

Earlier quoted context omitted.

Sorry to nitpick but the social isolation and massive unemployment are being caused by our response to the pandemic, not by the pandemic itself. Lockdowns are a choice, with tradeoffs.

Death or lifelong respiratory syndrome isn't a great way to live either.

That's true. Without the lockdowns, everyone would have had some very small increased chance of death or lifelong respiratory issues.

It's the role of science to tell us what that increased chance is, and the role of politics to decide whether that warrants the long-term decreased quality of life for a much higher fraction of people that the lockdowns/shutdowns will cause. At any rate, none of this was forced, certainly not by science (which can't make normative prescriptions).

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#155

Post by _mkef »

mathattack wrote: post #22
_mkef wrote: post #10

Earlier quoted context omitted.

This has been the case in California for a long time. Unless we just forgive rent until a vaccine is out, many people will never catch up.

This is very complex. Where does this end? I’m a renter. Do I need to prove I’ve lost my job to not pay? Do I get to skip out on paying for a luxury apartment if I have money in the bank? Does my landlord get to skip her mortgage? Or only the portion paid by my rent? What about the bank who holds the mortgage? Or the retired bond holder who ultimately gets the mortgage payments? Every step along the way requires some…

As of now there is an eviction moratorium in most of America, but when the moratorium ends do you have to catch up on 12 months of rent ?

How is any family, which was already living paycheck to paycheck ever going to sort that out. What's going to happen is tons of Americans are simply not going to be able to pay, their credits will be ruined and the rent won't be paid anyway.

It would be nice to present a goal, no one pays rent until we have a functioning economy again, and then sort out the details a bit later. The government could forgive property taxes as well, Banks could delay mortgage payments until the end of the pandemic.

I spoke to one friend who was three months behind on rent at a point. Telling him to Buck up and figure it out, isn't going to do any good. Money ultimately is an abstraction, as a society we very much can shape the rules around it. I can't imagine millions of homeless families being worse than landlords having to seek out different arrangements with their Banks.

Overalla lot of people aren't going to be able to pay rent through no fault of their own, they shouldn't be evicted as punishment. Or you can tell me ,how would anyone catch up on a year of rent once the eviction moratorium is over ?

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#156

Post by kayodelycaon »

eurekin wrote: post #69
kayodelycaon wrote: post #55

A lot of my friends (and myself) have abusive parents. I seriously consider suicide to be a better option than going home.

Please consider seeking prodessional help. Wish you all the best

Already have it, but the US does not make this easy.

It took me weeks of leaving voicemails that were never returned and then two months to get an actual appointment. My primary care doctor was unable to find anyone suitable in the local hospital network. They wouldn't even return his calls.

If you're able to be persistent enough, try looking at Psychology Today. They let you search for therapists and psychiatrists in your area. (Ignore the articles, please ignore the articles.) If you don't have insurance or a lot of money, some providers may still be willing to work with you for a reduced fee.

https://www.psychologytoday.com/us

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#157

Post by School-Cotton »

wonderwonder wrote: post #97
School-Cotton wrote: post #78

Earlier quoted context omitted.

Sorry to nitpick but the social isolation and massive unemployment are being caused by our response to the pandemic, not by the pandemic itself. Lockdowns are a choice, with tradeoffs.

Exactly and by not locking down properly we have managed to extend the pandemic in the US and its associated quasi lock down leading to our current situation. I agree with your response.

Have we? It doesn't seem possible to permanently stop outbreaks without having either reached 20-25% of the population infected, or locking down until a cure or vaccine is discovered. Plenty of places that locked down much more stringently than the US are having new outbreaks now - Europe, New Zealand, Australia and even parts of China.

Anyway, I seem to remember that extending the pandemic was the whole point of the lockdowns. The messaging at the beginning was that we would spread out cases over time, in order to keep under emergency healthcare capacity. Not prevent cases entirely. By that metric, hasn't the US been wildly successful? Or has the goal changed - and if so, why?

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#158

Post by _qulr »

wonderwonder wrote: post #11

Millennials face a very real risk of being a lost generation financially. They have endured 2 major, years long recessions, and now the Covid pandemic coupled with social isolation and massive unemployment that does not appear to have an end date in sight. Housing is more expensive for them than prior generations, wages are stagnant, school is expensive and social conflict is also currently on deck. WW2 was of course…

Can we please stop with the term "Millennials"? The article talks about 18-29 year olds. The most widely accepted definition of Millennials is people born 1981 to 1996, which would be 24-39 year olds. Not the same.

Regardless, the financial differences between people the exact same age are always vastly larger than the financial difference between so-called "generations".

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#159

Post by yuxt »

zpeti wrote: post #37

I think people need to start realising just how incredibly much the government is now stepping in at each of these crises to make them as smooth as possible. But there is a downside to this. You are not allowing the normal economic effects to happen because you are wanting to keep everything as it is, but then guess what, the status quo stays, and anyone joining the ladder is finding it increasingly difficult. What's…

The issue is not really that the government is bad, the problem is it has become a proxy for ultra rich to push their agenda. You can probably make it more efficient by limiting corporate sponsorship and making it more transparent. Millennials don't have many options or tools at their disposal to influence the direction we are heading.

Re: The majority of 18- to 29-year-olds in the US are now living with their parents

#160

Post by [deleted] »

Aeolun wrote: post #41
wonderwonder wrote: post #11

Millennials face a very real risk of being a lost generation financially. They have endured 2 major, years long recessions, and now the Covid pandemic coupled with social isolation and massive unemployment that does not appear to have an end date in sight. Housing is more expensive for them than prior generations, wages are stagnant, school is expensive and social conflict is also currently on deck. WW2 was of course…

Anecdotally at least, all of my friends around my age (32) have by now managed to buy homes at very reasonable rates ( Meanwhile my parents are stuck with their much higher 10% boom years interest rate, even though the absolute amount was much lower initially. Of course this is in Europe, not the states.

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