Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

axios.com

Post reply on HN
Print view View original

541–550 of 974 posts

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

#541

Post by refurb »

sandworm101 wrote: post #104
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…

>> WW2 was of course a much more trying time Really? Lives were lost, but WWII came and went rather quickly, a handful of years. Millenials are dealing with multi-decade problems, potential solutions to which are discussed in terms of generations, decades rather than years. For perspective: US WWII deaths: 407k over ~6 years. US COVID Deaths: 196k and counting over ONE year. So, even adjusted for population growth, t…

Really? Lives were lost, but WWII came and went rather quickly, a handful of years.

Don't forget about the depression. Started in '29 and didn't really resolve until after WW2, so almost 16 years.

And Europe certainly didn't bounce back after the war. Even the UK had rationing for several years after the war.

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

#542

Post by klmadfejno »

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…

> 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.

Then you've got a non representative sample. This claim is outrageous, and it's not true. Honestly it pisses me off how casually you just assert that most millenials think this way. A very simple search for millenial home buyers surveys will show this is not the case.

https://listwithclever.com/research/millennial-home-buyer-re...

Median price range is below 300k.

Biggest desires are safety and good schools, likely driven by the fact that the ones buying properties are couples looking to start a family.

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

#543

Post by pengaru »

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.

You have yourself to blame if you're dissatisfied with what you've created.

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

#544

Post by pow_pp_-1_v »

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.

To all those who are jumping on @irrational, chill.

I guess, all @irrational was trying to do is vent his/her frustrations in a semi-anonymous forum. I sort of understand how he feels (having a younger kid of my own).

And @irrational, maybe they behave in the way they do to mask their frustrations. They probably don't like coming back and living with you because of all social stigma surrounding it.

[edit: spelling, spacing]

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

#545

Post by lotsofpulp »

DamnYuppie wrote: post #521
koolba wrote: post #490

Earlier quoted context omitted.

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

I have seen family's give all the right guidance and opportunities and children still end up a mess. I have seen horrible families do everything wrong and seen children become quite successful. Environment plays a part but self determination plays an even larger one. One of my current favorite sayings is "you come into this world looking like your daddy, you leave this world looking like your decisions."

That’s a funny saying, considering who your daddy (and mommy) is most predictive of your future. Obviously perseverance and effort are important, but so is being born to the right parents.

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

#547

Post by jwiz »

thinkharderdev wrote: post #477
jbay808 wrote: post #467

Earlier quoted context omitted.

> The demand for ultra-expensive housing in places like the Bay Area is driven by the huge earning potential of the high-skilled labor market. Maybe the Bay area, but that's (sadly) not the case in places like Vancouver and Victoria. Sky high property prices, but no corresponding earning potential.

I've never quite been able to figure out what happened in Vancouver. It's a great city with a tech scene but salaries there seem very low (by American tech worker standards). Who is actually buying all these multi-million dollar bungalow? None of the senior-level engineers I've worked with from the area would ever be able to even sniff being able to afford that.

At least one theory is money laundering.

https://themobmuseum.org/blog/chinese-triads-launder-billion...

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

#548

Post by anoonmoose »

irrational wrote: post #513
koolba wrote: post #490

Earlier quoted context omitted.

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

Well, they definitely didn't learn it from me or my wife. We both work all the time and barely take time to stop and rest. When they were growing up we would have them work with us on house projects, in the garden, at the food bank, etc. Apparently our work ethic didn't get picked up.

you have 7k comment karma in ~4 years

i have 500 in ~7 years and i know i use HN too much

you comment on HN multiple times a day and appear to have done that for some time

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

#549

Post by irrational »

pengaru wrote: post #543
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.

You have yourself to blame if you're dissatisfied with what you've created.

They aren't autonomous robots. They are humans with agency who have chosen to take a different path that what they were taught growing up.

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

#550

Post by otoburb »

echlebek wrote: post #341
tidepod12 wrote: post #284

Earlier quoted context omitted.

>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…

Millenial here, looking to buy my first house in the next couple of years. My budget will be $1.5M to $2M for my "starter" home in Vancouver, Canada.

It's been a few years since we left, but those prices are generally for Vancouver specials because the land is more valuable than the old frame. I know PoCo has risen in price, but not near $1.5M-$2M CAD for a starter. Many friends bit the bullet and struck outward in the quest for affordability (Langley, Abbortsford) while still being within the Vancouver area.
Post reply on HN