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Started By
Message
re: Gee, thanks Mom and Dad: 35% of millennials still live at home
Posted on 7/23/19 at 8:36 am to 0
Posted on 7/23/19 at 8:36 am to 0
quote:
Since everything is so fricking expensive now that takes longer.
Uhhh. No. I ran the numbers. In real terms, things are less expensive than when I was that age. Apparently you don’t remember the 16% interest rates (more if you were a new buyer) on home loans.
So, bullshite.
This post was edited on 7/23/19 at 8:37 am
3
Posted on 7/23/19 at 8:36 am to 0
quote:
Doesn't surprise me. Houses are expensive.
Only if you think this is the first home you buy...
Posted on 7/23/19 at 8:37 am to Mingo Was His NameO
18-26/27 is college plus immediate grad school depending on field. Or college plus immediate med school. Tuition ain’t cheap. If you can save whatever money you can by staying with fam, it’s just smart.
I’m staying with family until I get my PT degree completed because it’s a full time job of classes alone, not factoring in when clinical shift and I’m working 36-40+ hours/week for no pay.
I’m staying with family until I get my PT degree completed because it’s a full time job of classes alone, not factoring in when clinical shift and I’m working 36-40+ hours/week for no pay.
Posted on 7/23/19 at 8:38 am to Darth_Vader
quote:
Only if you think this is the first home you buy...
In DFW Metro, that's the only type of house they are building.
This post was edited on 7/23/19 at 8:39 am
Posted on 7/23/19 at 8:38 am to JudgeHolden
quote:
Uhhh. No. I ran the numbers. In real terms, things are less expensive than when I was that age. Apparently you don’t remember the 16% interest rates (more if you were a new buyer) on home loans.
So, bullshite.
I think I'll take the professional's word for it, but thanks for "running the numbers"
Posted on 7/23/19 at 8:39 am to GreatLakesTiger24
I'm confident, most are busily working on solutions to problems left them by Baby Boomers.
Posted on 7/23/19 at 8:41 am to NIH
quote:
There are plenty of people from my hometown who never went to college and still live at home despite good blue collar jobs. It extends far beyond the millennial barista meme.
3-4 of my best friends from home have been working full time from 18 until now (23) in blue-collar positions and live at home with their parents. All of them have $100k plus in the bank. Wish I had considered it.
Posted on 7/23/19 at 8:41 am to GRTiger
Another generation that lived at home for a long period of time was the greatest generation. Shitty economies will do that. From 07-16 millenials got fricked. Out of college with huge debt and companies holding their purses tightly. It's finally been growing the past 2 years.
Posted on 7/23/19 at 8:44 am to JudgeHolden
You didn’t have to finance nearly as much
Real wages were higher and home prices were much lower
Real wages were higher and home prices were much lower
Posted on 7/23/19 at 8:44 am to FranMully
quote:
3-4 of my best friends from home have been working full time from 18 until now (23) in blue-collar positions and live at home with their parents. All of them have $100k plus in the bank. Wish I had considered it.
If this is true, which in sure its not, your friends are retarded on multiple levels.
Posted on 7/23/19 at 8:44 am to GreatLakesTiger24
Well I'll raise my hand as guilty.
23 years old, recent college grad starting a new job and just moved back in with the parents.
They offered, so I figured may as well move back and pay off my student debt within a year to better set me up for the rest of my life.
Plan on moving out before I'm 25 years old. I'm not proud of the situation, but I figured it was a smart move financially.
23 years old, recent college grad starting a new job and just moved back in with the parents.
They offered, so I figured may as well move back and pay off my student debt within a year to better set me up for the rest of my life.
Plan on moving out before I'm 25 years old. I'm not proud of the situation, but I figured it was a smart move financially.
Posted on 7/23/19 at 8:45 am to GreatLakesTiger24
quote:
You didn’t have to finance nearly as much
Real wages were higher and home prices were much lower
And in the two years you were saving for a down payment you got 16% on a CD to mitigate those interest rates
Posted on 7/23/19 at 8:45 am to Darth_Vader
quote:
Only if you think this is the first home you buy...
Houses in my area are 1/3 that size and start over $400k.
The whole country isn't small town Alabama.
Posted on 7/23/19 at 8:45 am to 50_Tiger
quote:
I left the house at 18.
College that your parents helped pay for?
This post was edited on 7/23/19 at 8:48 am
Posted on 7/23/19 at 8:47 am to 50_Tiger
quote:
Only if you think this is the first home you buy...
In DFW Metro, that's the only type of house they are building.
Then move to where you can afford. The point is you don’t start out in life with the big house in the nice sub-Division. You live where you can afford to live, save money and then you move to the nice neighborhood with the big house.
Posted on 7/23/19 at 8:49 am to Darth_Vader
There's nothing wrong with choosing to live with your parents and skipping the cheap home in the sticks.
Posted on 7/23/19 at 8:49 am to Darth_Vader
quote:
Then move to where you can afford. The point is you don’t start out in life with the big house in the nice sub-Division. You live where you can afford to live, save money and then you move to the nice neighborhood with the big house.
Or rent until you can afford the house, but people like you shite all over that too.
Posted on 7/23/19 at 8:53 am to Mingo Was His NameO
quote:
If this is true, which in sure its not, your friends are retarded on multiple levels.
One's father owns a local HVAC company, so he works under him and lives in the basement.
One's father owns a landscaping business, he is second in the company now and making great money.
The other works construction and does very well.
No bills and good money... Why wouldn't they do that if their parents are ok with it? lol
Posted on 7/23/19 at 8:54 am to GetCocky11
quote:
And 18 year olds aren't millennials.
19-21 year olds aren't either.
Posted on 7/23/19 at 8:55 am to GreatLakesTiger24
For thousands of years you have had multiple generations of families living together. Why in the US today is it so important for people to move out into separate homes?
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