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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

#481

Post by thinkharderdev »

computerphage wrote: post #261
dcolkitt wrote: post #246

> Housing is more expensive for them than prior generations I harp on this constantly. But housing is not more expensive in the majority of American metros. Adjusted for inflation the median cost per square foot of new housing is almost exactly the same as it was in 1990. (This doesn't even take into account that mortgage rates are drastically lower since then.) We get skewed on this for two reasons. One is because h…

What about other years? 1980? 1970? I would love to see this data over time. > homes today are substantially larger Is there any availability of smaller homes in actual markets? If I'm a buyer in the market do I even have the option to buy a cheap smaller home?

This is one of the perverse effects of limits on new construction. Since builders can only build so much, they naturally focus on the high-end where profits are fattest. In a well-functioning market there is only so much demand for luxury housing so they would also build smaller, less expensive stuff as well, but they can't

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

#482

Post by throwaway2048 »

munificent wrote: post #464

I really love the quote at the end: > I'm a dad who is happy to have his daughter and fiancé living with me. They pay the utilities and make me nice meals, and it makes it a lot less lonely here. ... I like the multi-generational thing. I know it won't last forever, but it makes life better for now. It's so easy to get into that cold statistical mindset about these large-scale trends, but it's good to remember that t…

Now imagine all the human stories that are forced into this situation that aren't heartwarming.

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

#483

Post by formerly_proven »

irrational wrote: post #480

My 21 and 23 year old daughters have moved back in with us. They stay up until the wee hours of the morning watching streaming media, then wake up mid afternoon to get on social media, eat dinner with us and then repeat. I can't wait till they leave. At least when they are living on their own I don't have to know about their bad habits.

Are they both NEET or is them being unemployed temporary/covid-related?

FWIW there is obviously a big difference between people being employed and living under one roof versus having a bunch of NEETs in the basement.

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

#484

Post by stripline »

Valgrim wrote: post #459
Tarsul wrote: post #428

I'm sorry but the title is misleading. It's not that 30M young people (18-29) are living with their parents due to Corona but more that the number has grown from 24M to 26,6M in America [!] since February. Meaning the title should rather be: "The pandemic has pushed 2,6M young Americans to move in with their parents." see the linked source from the article: https://www.pewresearch.org/fact-tank/2020/09/04/a-majority-…

Question: How many americans have reached 18 since february? Census says 4,021,726 americans were born in 2002, so 7 months since february: (7/12*4,021,726=2,346,006) + immigration... I'm not so sure this is how we should read those numbers. It could also mean that the majority of young people reaching 18 chose to stay with their parents a bit longer because of the pandemic.

I would think that the number of people turning 18 would be offset by the number of 29 year-olds living with their parents that turned 30 in the same time.

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

#485

Post by rosywoozlechan »

irrational wrote: post #480

My 21 and 23 year old daughters have moved back in with us. They stay up until the wee hours of the morning watching streaming media, then wake up mid afternoon to get on social media, eat dinner with us and then repeat. I can't wait till they leave. At least when they are living on their own I don't have to know about their bad habits.

As someone who's faced end of life fears, this kind of perspective is very different from the one you might get when you're realizing your time on this Earth is suddenly limited. I'm not saying you're not frustrated, but there's more to consider. I love having my kid around, even though we are sometimes annoyed with each other.

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

#486

Post by colinmhayes »

thehappypm wrote: post #415
colinmhayes wrote: post #235

Earlier quoted context omitted.

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

How does that make sense? In a dumb sense, if a factory worker drops dead, a job just opened up.

The factory worker didn't die, people stopped buying the factory's product so they were laid off.

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

#487

Post by SrslyJosh »

irrational wrote: post #480

My 21 and 23 year old daughters have moved back in with us. They stay up until the wee hours of the morning watching streaming media, then wake up mid afternoon to get on social media, eat dinner with us and then repeat. I can't wait till they leave. At least when they are living on their own I don't have to know about their bad habits.

> At least when they are living on their own I don't have to know about their bad habits.

Wow, maybe have a little empathy. The world is on fire and the future is bleak.

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

#488

Post by rconti »

dcolkitt wrote: post #246

> Housing is more expensive for them than prior generations I harp on this constantly. But housing is not more expensive in the majority of American metros. Adjusted for inflation the median cost per square foot of new housing is almost exactly the same as it was in 1990. (This doesn't even take into account that mortgage rates are drastically lower since then.) We get skewed on this for two reasons. One is because h…

My immediate reaction is "adjusted for inflation" != "adjusted for wages".

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

#489

Post by lordnacho »

tidepod12 wrote: post #284
dcolkitt wrote: post #246

> Housing is more expensive for them than prior generations I harp on this constantly. But housing is not more expensive in the majority of American metros. Adjusted for inflation the median cost per square foot of new housing is almost exactly the same as it was in 1990. (This doesn't even take into account that mortgage rates are drastically lower since then.) We get skewed on this for two reasons. One is because h…

>One is because homes today are substantially larger and have more amenities than they did in previous generations. I have noticed that most of my fellow millennials seem to have completely forgotten the concept of "starter home" and assume that as soon as you turn 25 you should be entitled to a 4 bedroom house with a pool, huge yard, wonderful neighborhood, three-car garage, etc. Among my friends that have bought ho…

> Among my friends that have bought houses, many of them have gone into significant debt just to buy a 3-4 bedroom house, even though they have no kids and only use one of the bedrooms, because they think that at some point in their life they will put them to use.

The problem is they think they might not be able to afford it once they have enough kids to need it. Ironically lots of people thinking that way reinforces the problem.

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

#490

Post by koolba »

irrational wrote: post #480

My 21 and 23 year old daughters have moved back in with us. They stay up until the wee hours of the morning watching streaming media, then wake up mid afternoon to get on social media, eat dinner with us and then repeat. I can't wait till they leave. At least when they are living on their own I don't have to know about their bad habits.

Do you blame the outside world for molding them as such or is this an example of reaping what you’ve sown?
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