Earlier quoted context omitted.
House prices will never fall significantly. As soon as a house enters the market at anything below the going rate it's bought by a landlord or a rental company. This will keep house prices high forever.
What's your model?
The majority of 18- to 29-year-olds in the US are now living with their parents
861–870 of 974 posts
Re: The majority of 18- to 29-year-olds in the US are now living with their parents
#862Earlier quoted context omitted.
Well - it's abnormal in that it is not what the US's coming-of-age systems look like. Hit 18, move out, get a job. Whether that is good or bad or right or wrong is irrelevant, it's definitely abnormal from a cultural standpoint.
Yeah, there's definitely a cultural aspect. People WANT to get out of the house ASAP. It's not like all of those American 18 year olds are bummed that their parents expect them to go someplace, it's that many/most of them are chomping at the bit to have their own place and their own life with day-to-day financial and social independence from their family. If they're more likely to be staying home now, it's a sign of…
Re: The majority of 18- to 29-year-olds in the US are now living with their parents
#863Earlier quoted context omitted.
I’ve thought about this a lot. My parents had 2 TVs in a house of five(and one was junk). We had stick on vinyl floors, and a cheap white appliances. Counter tops were linoleum, and we had 1.5 baths. I cut the lawn, and we went shopping in stores. We took two vacations requiring planes for the first 13 years of my life. Most vacations were camping. We rarely went out to eat. We didn’t have computers. We had 1 corded…
I mean it sounds to me like you're just wealthier than your parents were, but housing has risen in price disproportionately and so the things you buy are different. Would you really be purchasing a house if you didn't buy a phone every 2 years? The things you list sound like, idk, $10k/year with some heavy assumptions mostly weighted on the vacations than the tech. It's likely true there's more premium goods at (high…
Re: The majority of 18- to 29-year-olds in the US are now living with their parents
#864Earlier quoted context omitted.
> how many parents fail to understand the emotional and mental situation of what their children are currently experiencing. This is crucial to understanding: - The immediate distress of young males. They have no chance of seducing externally if they don’t have moral support at home. Explains the billion of 9Gag posts about young people who fall addicted to gaming and joke about virginity and lack of self confidence,…
> Living with the parents isn’t the best way to get social interactions, unless it is a venue where they can be for _caring for others_. Because young men are especially deprived of places where they can care for someone, women being very independent nowadays, especially in their 20ies. And caring for someone is the blood of the soul. I think you put that very nicely. I think I understand this problem, and I have emp…
Not 100% sure, I think we'd benefit from society broadening what acceptable ways of living and gender roles are available for men. There are plenty of women that grow up feeling dejected or romantically undesirable, but we don't necessarily see the same sort of frustration expressed the way we're familiar with in young men. My take is that there are social expectations for how men are supposed to act or live, and there are elements of said expectations that contribute to the frustration and loneliness we see in many of them today. I think the world would be better if a lot of young men felt able to express what was bothering them to their peers, as well had peers (not necessarily always romantic) that cared enough to at least listen.
I was once browsing a Reddit group for Transmen, and a discussion the members were having on socializing with masculinity hit a lot of the notes I expected. [1]
[1] https://www.reddit.com/r/FTMMen/comments/irh34j/there_is_too...
Re: The majority of 18- to 29-year-olds in the US are now living with their parents
#865Earlier quoted context omitted.
I’m in my mid fifties and I have never had a company pension, defined benefit or contribution. I saw my first house decline in value by 25%. We had interest rates peaking at 15%. I didn’t have student loans but only because I didn’t go to university, just like 90% of my peer group. Unemployment was much higher than it is now and schools were teaching subjects for obsolete careers. It wasn’t as rosey as it is often po…
I think you're missing how pervasive & broad the issues are these days. You mentioned you had a house. I'm fast approach the top 1-2% by income and think I can maybe swing a 1 bed apartment. It'll be borderline. Not house...apartment. ...no idea what the other 98% of my peers are doing but they sure as hell aren't buying houses. Meanwhile all the landlords I've rented from thus far where a generation older and had en…
Re: The majority of 18- to 29-year-olds in the US are now living with their parents
#866I 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…
I moved back in with my Dad with my husband. I'm 32, hubby is 30. He had two strokes and my little sister didn't want to be the only one nearby. It's been 6 months. Is it the easiest? No. But it's amazing to have this day-in-day-out time with my Dad again after not having lived at home for years.
My older sister moved back in with her husband and two kids for 2 months as she studied for her medical school USMLE exams so she could take advantage of the free baby-sitting.
Neither my sister's family or my own would've made this decision without the pandemic. My husband and I were both pushed remote (same salary) and my sister's child care plans went up in smoke.
While 2020 has been shit, moving home in some cases isn't an indicator of a problem. It's just a smart reaction to the new reality of working from home.
Re: The majority of 18- to 29-year-olds in the US are now living with their parents
#867Earlier quoted context omitted.
It's also useful to note that the "nuclear family" is a very Western thing, and the US takes it to an extreme. In other parts of the world it's abnormal for adults in their 20s to be living anywhere but with their parents, often even with a fiance or new spouse in the mix. The idea that having a multi-generational household means that the younger members haven't "grown up" and need to "learn to live on their own" is…
I was fortunate enough to be able to attend boarding school starting from age 13, and getting out of my parents' home early was a huge benefit in every possible way. I wish more young people had the same opportunity. My parents are good people, there was nothing wrong with my home environment. But it's more important that youth learn to act like independent adults and take responsibility for their own lives. Staying…
Re: The majority of 18- to 29-year-olds in the US are now living with their parents
#868Earlier quoted context omitted.
How does it work in practice in other societies? How do you have a grown up, likely physical, relationship with your partner... when your parents are sharing the same rooms? Do you just hide in your bedroom the whole time? How do you develop your own relationships and life and way of doing things and way of raising your children, inside someone else's house? I can't understand that but I'm open to hearing about how.
> How do you develop your own relationships and life and way of doing things and way of raising your children, inside someone else's house? I can't understand that but I'm open to hearing about how. In my experience what happens is that the "family" raises the children. In intergenerational households - in Asian cultures at least - it is still generally the older generations calling the shots, in patriarchy/matriarch…
I think this is the simplest answer to why most people are opposed to it - they fundamentally don’t want anyone else calling the shots on their lives to any extent.
Re: The majority of 18- to 29-year-olds in the US are now living with their parents
#869Earlier quoted context omitted.
I really don't understand the argument of "time to grow up" if a person lived without parents fine for years. Obviously he/she had already grown up.
There are people who never grow up if given the opportunity to keep living with their parents. My cousin is one of them. Get a job? Why? Go to school? Why? Things are fine. I have someone to cook my meals and a warm bed to sleep in. My uncle ended up booting my cousin out of the house. It was the best thing that happened to him. He matured significantly, went back to school, has a great job. He even admits it himself…
The case of a totally unmotivated individual not engaging themselves in school or work is totally different than the case of working young adults who want to live independently of their parents, but can't afford to do so due to high cost of living, high debt, or other financial factors. I know people who have been in both categories, and they are not much alike.
Re: The majority of 18- to 29-year-olds in the US are now living with their parents
#870Earlier quoted context omitted.
Why are you shocked you can't afford a house if you live in one of the most expensive cities in the world. My parents grew up in the "golden years" of the 60's and they couldn't afford it either. That's why they moved to a small town with cheap housing.
Expensive cities have most of the jobs. There's a reason Pittsburgh's population declined by the hundreds of thousands since the 1970s. Sure you can get a cheaper house. But you aren't making coastal money. In the 60s those "small towns" had manufacturing plants you could just walk in and get a job at, many of which were union and paid extraordinarily well.
As many jobs as there are in SF, LA, NYC, etc, they don't comprise 100% of all jobs.