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42% of adults rely on their parents for financial support

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Re: 42% of adults rely on their parents for financial support

#271

Post by slibhb »

ieatcandlewax wrote: post #254
pibaker wrote: post #237

Earlier quoted context omitted.

> You can only cram so many houses into a place like San Franciso Well, yeah, a human can only run so fast, but San Francisco is not even trying to run — it's barely crawling. Go to the sunset district, or Bayview, or any neighborhood in the western or southern half of the city and you will see nothing but rows after rows of single family homes — and yes, the car is a part of the family. Replace it with something lik…

I don't understand how people can see San Francisco and think "I wish this entire skyline was all 20 story apartment buildings so that rootless cosmopolitans can have marginally cheaper rent". If you want to live like that, new york is a great place and there is no need to sacrifice a beautiful and historic (by american standards) city for it. This is all on the backdrop that the only reason people are complaining ab…

It doesn't have to be 20 story apartment buildings. Start with duplexes, fourplexes, or townhomes -- none of which have to be ugly. It simply makes no sense to zone these densely populated urban areas for detached, single-family houses.

Re: 42% of adults rely on their parents for financial support

#272

Post by slibhb »

antinomicus wrote: post #131
slibhb wrote: post #80

Downward mobility is almost entirely caused by housing costs, which are a self-inflicted problem. We don't, as a matter of intentional policy, build enough housing. I live in an expensive area and I'm always shocked by how many of my friends who cannot afford to buy a home (or even a condo) are NIMBYs. These are people in their 20s through 40s who have been earning since college, can't afford to buy, yet get annoyed…

I may or may not meet your definition as a nimby 28 year old. I am all for housing, just not the type being built in my area. Dozens of “luxury” units built cheaply, selling for 4,000$ for a 1 bedroom. They get subsidized by the local government for including maybe 5 units that are “low income” and probably still cost 2k - and those low income units go away as soon as the building gets sold to another corporation. I…

I realize I'm not going to convince you but I just want to say...it's good that companies/individuals make a profit from building housing. Building housing is a pro-social activity that should be rewarded, like farming and healthcare.

Re: 42% of adults rely on their parents for financial support

#273

Post by slibhb »

mancerayder wrote: post #218
slibhb wrote: post #80

Downward mobility is almost entirely caused by housing costs, which are a self-inflicted problem. We don't, as a matter of intentional policy, build enough housing. I live in an expensive area and I'm always shocked by how many of my friends who cannot afford to buy a home (or even a condo) are NIMBYs. These are people in their 20s through 40s who have been earning since college, can't afford to buy, yet get annoyed…

California problem. There's no constrained supply in Houston or Austin or a few other cities in the US that are now crashing from over supply. Another one is Manhattan. There's no space to build so things get retrofitted (office conversions) and new zoning (Hudson Yards) but it's expensive - high hourly rates to pay people on buildings with more 99 units, many many permits required, land is expensive, etc So it's lux…

While it's definitely true that NIMBYism isn't the problem everywhere, I live in Virginia.

Re: 42% of adults rely on their parents for financial support

#274

Post by inigyou »

pizzafeelsright wrote: post #252
inigyou wrote: post #205

Earlier quoted context omitted.

> The rule 'those who do not work do not eat' is something all people can agree Um, no? Thanks for suggesting a possible left/right political litmus test though. We shouldn't have to waste too many resources on "useless people" but I think starving them to death is a bit excessive. We don't have a shortage of food. They're more likely to need mental health services or spiritual guidance to help them not be useless -…

The choosing was intentional. Both Marx and Christians both use the quote. Hungry people will work as history has shown.

This is selection bias. Hungry people either work or don't work. If we use a system that kills the people who don't work, the remaining ones are seen to be working.

Re: 42% of adults rely on their parents for financial support

#276

Post by c22 »

PaulDavisThe1st wrote: post #45
burningChrome wrote: post #37

Earlier quoted context omitted.

>> Still being on your parent's family phone plan doesnt mean youd be destitute if they werent helping you out. I think there's some important things like this that should be considered. In the late 90's early aughts, I didn't need a laptop, smartphone and 24/7 internet access with 1GB download speeds or half the technological stuff kids need these days to be a contributing member of society. Now those are all standa…

> $350/month [ 2000 ] > $1500/month [ 2026 ] CPI inflation would suggest that the current cost ought to be about $692. So if it really costs $1500 to cover the things you've mentioned (noticeabley absent: student loans, health insurance, car payments) then either our society is deeply fucked or your list has changed or your estimates are wrong or your memory is wrong or all of the above.

> In the late 90's early aughts, I didn't need a laptop, smartphone and 24/7 internet access with 1GB download speeds or half the technological stuff kids need these days...

The explicit hypothesis presented is that the list has changed.

Re: 42% of adults rely on their parents for financial support

#277

Post by halJordan »

annjose wrote: post #9

Whenever I see a claim that "x% of adults do y", my brain goes: - "x% of what? what is the denominator?". Without that number, the claim is meaningless. - surely it cannot be the entire population, so it has to be a survey. - how many people participated in the survey? what was the distribution? Here is that info for this study. I found this in the PDF version of the study report [0] referred to at the end of the Nor…

A 4k sample size is more than enough to be statistically significant for the population of the US. So what's the actual problem you have?

Re: 42% of adults rely on their parents for financial support

#278

Post by [deleted] »

mrguyorama wrote: post #82
AviationAtom wrote: post #28

So if said kids are relying on their parents for support... how are their kids going to rely on them? The idea behind generational wealth is that there is something left to pass down. If you have nothing to pass down, because both you and your parents spent it all, then you're fully on your own to support yourself. Somewhere along the line the bill always comes due.

In reality, almost nobody ever has built "Generational wealth" because it's not a normal thing that happens. Most people are just trying to survive for tomorrow.

[deleted]

Re: 42% of adults rely on their parents for financial support

#279

Post by cal_dent »

inigyou wrote: post #264
cal_dent wrote: post #243

Earlier quoted context omitted.

every single city you mentioned there also has significant housing issues. So as per the original comment, the actual solution is more complicated than the debate typically tends to acknowledged. Densifying homes will help, don't get me wrong, but its far from the silver bullet HNs lads like to claim. Now, not densifying jobs and employment centres as much as modern society as done on the other hand....well, now we m…

Oh. "A 2 million percent increase might not be enough, so we should do zero percent"

Awww cute

Re: 42% of adults rely on their parents for financial support

#280

Post by pllbnk »

PaulHoule wrote: post #144
pllbnk wrote: post #79

Earlier quoted context omitted.

I can’t understand morally or financially how can parents charge anything of their children. Not judging it, just honestly can’t understand it. Isn’t it the parents’ responsibility to build the foundation for their children and keep building it until it’s there? I am viewing it from a moral angle where it’s the parents’ selfish choice to have a child so they must take full responsibility until a child is or feels tha…

He's paying a fraction of market rate rent and has saved a lot of money. He's eating food out of the communal pool and it's a running gag at local restaurants that he eats two entrees. I think it's fair that he contributes something, like he is working, except for this summer when he said "take this job and shove it" because he was working for a crew where the foreman was twice his age but didn't have any sense for c…

Thanks for the perspective. I have intuitively thought adults live at their parents' mostly out of need and much less often out of choice. The dynamics change in the latter case as two independent adults can make an agreement on how they see their relationship.
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