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A secret of many urban 20-somethings: Their parents help with the rent

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Re: A secret of many urban 20-somethings: Their parents help with the rent

#91

Post by ClassyJacket »

charlesdm wrote: post #88
ClassyJacket wrote: post #85

Earlier quoted context omitted.

Can you quote the part where I said that? What I said was: "Seriously, screw Melbourne house prices and screw the politicians and lazy rich leeches that made it this way". I think it's pretty clear I'm talking about housing prices being driven up by laws that favour the rich, and landlords who buy up houses, contributing nothing to society.

It was more of a question: Why don't you just screw working for someone?

In that case I'm not sure what you meant, could you explain it differently?

Re: A secret of many urban 20-somethings: Their parents help with the rent

#92

Post by lacampbell »

qstyk wrote: post #76

If you were taking a woman on a date to a place where women are objectified, I'd be open to the possibility that money isn't your only obstacle.

Drop the puritanical attitude. Strippers are just regular people trying to make ends meet.

Re: A secret of many urban 20-somethings: Their parents help with the rent

#93

Post by dpark »

lacampbell wrote: post #49

I'm always a bit shocked at how many adults I've come across whose parents aid them financially - even when they're working. Aren't they ashamed? I'm late 20s, and don't have as many friends as I used to in my early 20s. But the ones I do pay their own way. I just can't relate to a grown adult living it up on their parents money. I do sometimes feel uncomfortable working in software though - I'm from a solidly lower…

I make good money because I lucked into some valuable talents and a lot of lucky decisions. I'm under no illusion that I'm responsible for being born smart and engineering-focused. I'm barely even responsible for getting a computer science degree. It was just the obvious thing for me to do. I lucked into a series of high paying jobs through connections from my university that eventually led me to SV. I'm in Seattle now which is also largely random chance because I moved for my wife's job.

If I'd been born less intelligent or if I didn't have an interest in computers or I'd decided to go teach or write or do a dozen other things I might be dependent on my parents. I don't think there's anything shameful about that. Unfortunate perhaps but not shameful.

Re: A secret of many urban 20-somethings: Their parents help with the rent

#94

Post by lacampbell »

ClassyJacket wrote: post #32
johnchristopher wrote: post #2

Been there. As one of the 20-something whose parents didn't help with the rent. Two consequences: - really tough discussions with some friends and acquaintances once I realised their parents heavily subsidized their way of life while they were putting the social persona of young working adult being independent and nagging me about when I was going to buy my first car or why I was always the one who made it through th…

"grimmer prospects in relationships (partly cost me the love of my life) " I'm sorry for that. I can sympathize slightly. Rich people really don't get it. Yeah. Me last week on the way to a strip club: 'Who's paying for this taxi? Are we going far? Do we have to pay to get in?' Fried (girl I ALMOST dated): 'Oh my god you're SO cheap, you're such a killjoy, just stop worrying about the money blah blah blah.' Yeah, I p…

> I can't even get my car fixed right now.

Have you considered not having a car? It saves a lot of money - and a lot of stress.

I set aside some money to buy a car last year, but never did. I liked the way that money looked in my bank account a lot better. Plus no petrol costs, or licensing costs, insurance, parking...

Not sure where you are in melbourne, but it's pretty practical to get around there without a car. Might require a tram ride to a train station though.

Re: A secret of many urban 20-somethings: Their parents help with the rent

#95

Post by mikeyouse »

lacampbell wrote: post #70
mikeyouse wrote: post #64

Earlier quoted context omitted.

Why would they be ashamed? If you have a family with sufficient means and close enough ties that they're willing to help you and make your life a bit easier and less risky, why wouldn't you embrace that?

Because I think it's shameful not to be financially self-sufficient. it's an important part of adulthood. To me regular financial help from your parents is something a child or teenager receives - it's an allowance. I'd like to think that if the generation before me had some money knocking about, that I'd have the same attitude. Let them spend their hard earned money on a cruise or a holiday, rather than supporting t…

I get that from a "protestant work ethic" sense, but just because people get help from their families doesn't mean they're incapable of being self-sufficient.

This is a part of the reason that many wealthy families stay wealthy. Whether it's a down payment, help with rent, or the understanding that they'll be a backstop if everything falls apart, it lets the next generation take risks that would be completely imprudent otherwise.

I think a lot of parents of millennials understand how much harder life is for young people today too. With school debt, salaries that have stagnated since the 1990s, and housing prices that won't stop increasing, it's a completely different world than the one they grew up in.

> Let them spend their hard earned money on a cruise or a holiday, rather than supporting their grown children who are already well into adulthood themselves.

To many parents, there is literally no more meaningful way to spend their money than to confer comfort to their children, no matter how old they are.

Re: A secret of many urban 20-somethings: Their parents help with the rent

#96

Post by [deleted] »

charlesdm wrote: post #66
reloop wrote: post #63

Earlier quoted context omitted.

To keep it polite and short, that's really not how the world works anymore. These days your (at least financial) success in life is very much correlated with the wealth of your parents. If you're from Sweden (as your username would indicate) you can take Stockholm as an example. My non-independent friend (and their parents) there are millionaires from housing appreciation and savings, while my independent friends are…

Just because you inherit some capital doesn't mean you are actually able to use it to make more. Actually, most people can't, meaning the only thing they can do is spend it. How pathetic is that? If you count success in life as buying a house with money you were given, great. But that isn't success. I don't even know what that is honestly. The middle class is disappearing. Either you know how to make money (and that'…

[deleted]

Re: A secret of many urban 20-somethings: Their parents help with the rent

#97

Post by thrwy000 »

lacampbell wrote: post #70
mikeyouse wrote: post #64

Earlier quoted context omitted.

Why would they be ashamed? If you have a family with sufficient means and close enough ties that they're willing to help you and make your life a bit easier and less risky, why wouldn't you embrace that?

Because I think it's shameful not to be financially self-sufficient. it's an important part of adulthood. To me regular financial help from your parents is something a child or teenager receives - it's an allowance. I'd like to think that if the generation before me had some money knocking about, that I'd have the same attitude. Let them spend their hard earned money on a cruise or a holiday, rather than supporting t…

That's a pretty arrogant position. A small minority of people is afforded opportunities to live comfortably by themselves. There's nothing shameful about accepting help from people who can help you, if you need it.

Re: A secret of many urban 20-somethings: Their parents help with the rent

#98

Post by dpark »

charlesdm wrote: post #86
dpark wrote: post #81

Earlier quoted context omitted.

> Just because you inherit some capital doesn't mean you are actually able to use it to make more. Actually, most people can't, meaning the only thing they can do is spend it It really depends on how much you inherit. If you inherit a million dollars, yeah, it's easy to spend it all. If you inherit a billion, it's not hard to sit on that money and live off a fraction of the earnings. Which is why major familial wealt…

Sure. But not many people in the world are worth a billion. There aren’t THAT many UHNWIs globally (~187k). But there are a lot of millionaires. My personal opinion is that most people should be able to make $100-200k on their own online, doing something they love. If you actually start looking with what people are making money with, it's pretty interesting. This can range from a recipe subscription to a newsletter,…

Definitely. Inheriting "generational" money is not common.

Re: A secret of many urban 20-somethings: Their parents help with the rent

#99

Post by lacampbell »

thrwy000 wrote: post #97
lacampbell wrote: post #70

Earlier quoted context omitted.

Because I think it's shameful not to be financially self-sufficient. it's an important part of adulthood. To me regular financial help from your parents is something a child or teenager receives - it's an allowance. I'd like to think that if the generation before me had some money knocking about, that I'd have the same attitude. Let them spend their hard earned money on a cruise or a holiday, rather than supporting t…

That's a pretty arrogant position. A small minority of people is afforded opportunities to live comfortably by themselves. There's nothing shameful about accepting help from people who can help you, if you need it.

The amount of cowardice required to make a throw away account on hacker news to make a point (that isn't even particularly controversial) staggers me.

Re: A secret of many urban 20-somethings: Their parents help with the rent

#100

Post by thrwy000 »

lacampbell wrote: post #99
thrwy000 wrote: post #97

Earlier quoted context omitted.

That's a pretty arrogant position. A small minority of people is afforded opportunities to live comfortably by themselves. There's nothing shameful about accepting help from people who can help you, if you need it.

The amount of cowardice required to make a throw away account on hacker news to make a point (that isn't even particularly controversial) staggers me.

I made this account to post something else, just happened to comment here as well.
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