31–37 of 37 posts
Morning coffee? Who do you think you are, a business magnate? Don't want to live with roomates into your 40s? You're spoiled. Still want real groceries and not industrial slop? Get back in your lane, poor person.
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.
We also didn't have today's medicine throughout history, nor today's food security. "Return to monke" is not an argument.
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.
No particular reason? It happens when these people go off to college, for the most part. Moving back in is seen as a regression, for understandable reasons.
Earlier quoted context omitted.
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.
> there were also no stories of adult children getting married and living with their spouse/children with their elderly parents 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? Most people in my circle who bought a home in California before the age of 30 did exactly this.
Here are two quotes by Karl Marx on landlords: > Landlords do not create value. They merely charge others to use natural resources (like land) that were already there and > Landlords, like all other men, love to reap where they never sowed Plot twist: these are actually Adam Smith quotes. Karl Marx quoted the second in particular. There is a contemporary economist and former wealth manager by the name of Henry Fudge…
Landlords absolutely create value. One value they create is liquid short-term (yearly, usually) housing. Another value they create is dense housing in desirable areas (such as downtown housing complexes), although landlords are not the only way to do this. They also create smaller housing than single-family homes, and maintenance-free living (again, not the only way to do this).
Now, whether what they charge is commensurate with the value they provide is a different question. My experience with private landlords has been positive and with commercial landlords has been grossly overpriced, lousy construction, and noisy. In my area commercial landlords are priced close to a mortgage, so they are a terrible value unless you are definitely short-term.
(Also, I don't think Xi Jinping popped the real-estate bubble quietly... He was pretty public with your statement, but it was a debt crisis that popped the bubble. It was not quiet at the time, and secondary effects lead to several locally-large protests.)
Earlier quoted context omitted.
> 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.
> So? This practice of moving out for no particular reason is very US-centric. No particular reason? It happens when these people go off to college, for the most part. Moving back in is seen as a regression, for understandable reasons.
No particular reason means when there is no particular reason, such as when going to university in the same city.
It's often much better to live at home and save $1K+ (sometimes quite a bit +) in rent every month in your 20s. That can build a lot of savings for a mortgage downpayment later.