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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

#231

Post by bradlys »

youredoneson wrote: post #188
racl101 wrote: post #142

Earlier quoted context omitted.

Exactly. If you have the opportunity take it. In other parts of the planet there isn't this weird pride that means the only way to assert independence is by having your own place. Most parents are happy that you just keep the area clean and chip in for groceries and rent. What's so bad about that? I guess it's only a bummer when you wanna get laid, but there's probably ways around that.

So here's the thing My parents suck and I want nothing to do with them really Everything in my life is better the less I deal with them Everything

I think we’re going to have to accept we’re the uncommon ones around here.

I don’t know what the stats are but I’ve got a feeling that most people on HN (particularly those in expensive cities) get along with their parents quite well. I’ve noticed in my time in SV that I’ve never really heard anyone say their parents are/were abusive. Or that they even really hated their parents. On the contrary, I hear most people liking their parents quite a bit.

Abusive or terrible people for parents just don’t seem too common around these parts. Makes sense, abused children don’t tend to be rising stars - they kill theirselves instead.

The higher you get, the more supportive the parents are. It’s hard to get far alone and without a kickstart.

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

#232

Post by znpy »

paul_f wrote: post #49
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…

"Major, years-long recessions"? In the lives of anyone 25 and under, there have been three recessions, the current 7-month recession, the 2008 recession which lasted 18-months, and the 2001 recession which lasted 8-months. Recessions in the US almost never last more than a year. https://en.wikipedia.org/wiki/List_of_recessions_in_the_Unit...

It's also worth noting that basically in the last 20 years the US has been at war with some random part of the world.

That's all budget that is subtracted from domestic spending policy. And military budget is frickking huge.

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

#233

Post by ryangittins »

onion2k wrote: post #197
feralimal wrote: post #175

Earlier quoted context omitted.

Give it a few months and I think house prices will fall!

House prices will never fall significantly. As soon as a house enters the market at anything below the going rate it's bought by a landlord or a rental company. This will keep house prices high forever.

This is demonstrably false. Why don't landlords own all of Detroit, where housing prices have cratered?

Housing is a market like any other. The going rate can change.

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

#234

Post by bacondude3 »

saagarjha wrote: post #217
dunce2020 wrote: post #166

Earlier quoted context omitted.

I agree with your response- the BLM protests need to be more aggressively dispelled.

Perhaps we should fix the thing that they’re protesting about?

Absolutely. I'm all for getting rid of the Democrat policies that have been keeping POC, particularly inner city black people, down for decades.

Let's have police enforce our laws, give people school choice, and encourage everybody to have a job, become religious, and raise a family.

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

#235

Post by colinmhayes »

School-Cotton wrote: post #78
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…

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.

Isolation, sure. But unemployment is unavoidable when hundreds of thousands of people die.

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

#236

Post by JeremyBanks »

HorizonXP wrote: post #71
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.

I no longer feel like this about my parents now that I live independently and have my own child. They’re wonderful grandparents. But yeah, when I was living with them in my 20s for my Masters? I felt just like you did.

This is a bad comment and you should delete it.

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

#237

Post by JanisL »

wernercd wrote: post #173
quaffapint wrote: post #161

Earlier quoted context omitted.

I chalk it up to things simply costing more. I make more than my dad did. I dont take any major vacations, go out much, or live in a McMansion, yet we struggle to save.As a kid we took lots of vacations, they saved a good amount of money (stock market was good for them) and are doing well for themselves. I imagine it's only going to be worse for my kids.

My problem with "life" is all the... nickle and dimes... $10 for Nextflix, $90 for Amazon, etc. On top of Gas, Electric, Phone, Internet, Car, Insurance, Gas, etc. It's easy to watch the money flow in... and right back out.

Most of the people I know who are struggling are stuggling because rent and utilities takes the vast majority of their post-tax income. There's a few people I know who are just terrible with their finances (people who no doubt would have had problems at every previous time in history), but now seems a bit structurally different to some of the boom times due to the number of people I know who have hardship due to expenses they can't easily drop.

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

#238

Post by JanisL »

onion2k wrote: post #197
feralimal wrote: post #175

Earlier quoted context omitted.

Give it a few months and I think house prices will fall!

House prices will never fall significantly. As soon as a house enters the market at anything below the going rate it's bought by a landlord or a rental company. This will keep house prices high forever.

House prices can fall in real terms even if they don't in nominal terms. I think the is exactly the situation we are likely to see in an environment where the solution to every problem is "stimulus" and "money printer go brrrrrr" in response to the housing market taking a dive.

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

#239

Post by bradlys »

rtx wrote: post #3

This is great news, it will reduce pollution. We need to live together.

I don’t think living together is going to really make the impact eventful... it’s like saying, not buying that coffee in the morning is going to help you save money (with the pretense that not buying that coffee means you’ll be able to eventually afford a $2mil home on a $40k/year income).

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

#240

Post by _qulr »

PaulStatezny wrote: post #219
wernercd wrote: post #173

Earlier quoted context omitted.

My problem with "life" is all the... nickle and dimes... $10 for Nextflix, $90 for Amazon, etc. On top of Gas, Electric, Phone, Internet, Car, Insurance, Gas, etc. It's easy to watch the money flow in... and right back out.

But the thing is, nobody said you have to pay for Netflix or Amazon. Each person is responsible for making good choices with his or her money. Lack of financial discipline is not society's fault. Yes, managing finances takes some level of skill when there are many different expenses in a modern personal budget. But there are ways to live frugally and get ahead. They just aren't flashy or fun. On two very small income…

Standard Netflix is $12.99 per month currently. So that's $155.88 per year. Over 4 years, $623.52.

You didn't pay off $60k in student loan debt and buy a house by refraining from Netflix.

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