11–20 of 37 posts
“To extract increasing returns from real estate, property prices and rent must be priced out of reach for people whose parents read the Wall Street Journal. Here’s an article you can quote to your friends at cocktail parties to feel good about yourself when your kid moves home.”
I agree with some of the commenters who note that the author tries hard to portray this as "financial savvy" but without a whole lot of evidence. Have any of these adult children successfully moved out after saving up money while living with their parents?
You can’t fail sometimes, even if you thought it were failure
Earlier quoted context omitted.
You assume the goal is to move out, but it might not be. Extended families have lived together in many parts of the world throughout history. Expectations of living alone are relatively new.
That's true, but there were also no stories of adult children getting married and living with their spouse/children with their elderly parents. There weren't even any mentions of adult children (or their parents) who sought such an arrangement.
That used to be common arrangement.
Like, fun fact, Rosa Parks has such arrangement. On darker side, John Brown sons with families lived with him, were totally ruled by him.
I agree with some of the commenters who note that the author tries hard to portray this as "financial savvy" but without a whole lot of evidence. Have any of these adult children successfully moved out after saving up money while living with their parents?
> Have any of these adult children successfully moved out after saving up money while living with their parents? Even if they do, it still means they failed to save up that money without having to live with their parents. This is just the WSJ-reading "haves" justifying the increasing stratification of society by reframing a clear regression[0] as a "responsible individual choice" which that crowd LOVES. (EDIT: it's a…
The WSJ has had a string of such apologetics lately. I know because family members keep sending them to me.
Another example:
https://www.wsj.com/us-news/european-soccer-fans-marvel-at-t...
I agree with some of the commenters who note that the author tries hard to portray this as "financial savvy" but without a whole lot of evidence. Have any of these adult children successfully moved out after saving up money while living with their parents?
> Have any of these adult children successfully moved out after saving up money while living with their parents? Even if they do, it still means they failed to save up that money without having to live with their parents. This is just the WSJ-reading "haves" justifying the increasing stratification of society by reframing a clear regression[0] as a "responsible individual choice" which that crowd LOVES. (EDIT: it's a…
So? This practice of moving out for no particular reason is very US-centric.
To me the "normal" obverved in most peer households of my youth is that people live with their parents until they get married, often late 20s.
Sometimes you just hit impossible life scenarios like a pretax clawback in a hostile workplace which drains your liquid savings and leaves you broke, or breakup with a partner which forces you out the home, or learning that the landlord you split your duplex with is a charged criminal of some pretty awful crimes. You can’t fail sometimes, even if you thought it were failure
So what changed?
well, it's a sign of societal failure to provide more + better wages / housing, etc.
Earlier quoted context omitted.
> Have any of these adult children successfully moved out after saving up money while living with their parents? Even if they do, it still means they failed to save up that money without having to live with their parents. This is just the WSJ-reading "haves" justifying the increasing stratification of society by reframing a clear regression[0] as a "responsible individual choice" which that crowd LOVES. (EDIT: it's a…
> Even if they do, it still means they failed to save up that money without having to live with their parents. So? This practice of moving out for no particular reason is very US-centric. To me the "normal" obverved in most peer households of my youth is that people live with their parents until they get married, often late 20s.
The US is coming to resemble economically stagnant Europe more and more.