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re: Half of US young adults live at home, fueling luxury good boom
Posted on 12/15/22 at 1:53 pm to weagle99
Posted on 12/15/22 at 1:53 pm to weagle99
quote:
Half of US young adults live at home, fueling luxury good boom
This is a great strategy to keep more people virgins until marriage, except for those in Alabama.
0
Posted on 12/15/22 at 2:01 pm to ItNeverRains
quote:
94-98
98-00 for me.
Posted on 12/15/22 at 2:05 pm to GreatLakesTiger24
quote:
ehh i usually agree with you on this stuff, but a 25 year old should be able to put away 10-20k for a downpayment. i had that within 18 months or so of graduating
Should and actually do are two very different things. Now if they are living with their parents post graduation, maybe. But if you have your own rent and utilities to pay, it's highly unlikely.
Posted on 12/15/22 at 2:45 pm to BlueCheckCertified
quote:
Each person having their own home was never a sustainable future.
Try to take that future from me a-hole. I am not a violent man, but if the ability to own housing is taken away from me I will rain hell down on everyone involved.
Posted on 12/15/22 at 2:57 pm to fallguy_1978
In the process of purchasing my second home, married and have a kid at 27.
It's really not that hard to own a home, people are just lazy.
It's really not that hard to own a home, people are just lazy.
Posted on 12/15/22 at 2:58 pm to LNCHBOX
quote:
put away 10-20k for a downpayment.
Nice. Which trailer park in Coushatta did you buy in?
Posted on 12/15/22 at 3:01 pm to LNCHBOX
quote:
A liquid $12k for someone that is at most 4 years out of school is the extreme minority, especially right now.
Any statistic you want to look at will back that up. But by all means, keep being a contrarian.
Agree with all of this. Besides, from an ROR standpoint staying at home and pocketing what would be rent money will always beat out renting, even if it does drum up the scorn of random boomers.
Eventually what you will see is a higher proportion (than millennials and before) of gen z buying houses in cash.
Heres an economics question- which has a higher net present value- waiting a few years to buy a house in cash or banking on appreciation and paying a mortgage right after college?
Eta: added an -
This post was edited on 12/15/22 at 3:02 pm
Posted on 12/15/22 at 3:01 pm to Jcorye1
quote:
Try to take that future from me a-hole. I am not a violent man, but if the ability to own housing is taken away from me I will rain hell down on everyone involved.
You are really tired of renting huh baw?
Posted on 12/15/22 at 3:04 pm to Boudin95
quote:
In the process of purchasing my second home, married and have a kid at 27.
It's really not that hard to own a home, people are just lazy.
There are too many people concentrated in the top 10-15 metros in the US which has created significant competition for housing.
Posted on 12/15/22 at 3:07 pm to fallguy_1978
quote:
There are too many people concentrated in the top 10-15 metros in the US which has created significant competition for housing.
That’s been changing the past couple of years and will continue to change as more people work from home and get to live wherever they want to.
Posted on 12/15/22 at 3:14 pm to GetCocky11
quote:
I'm not going to buy a house just to have a house
You gotta live somewhere.
Posted on 12/15/22 at 3:16 pm to LNCHBOX
quote:
what 25 year old has $30k liquid sitting around?
Well if someone graduates college at 22, goes to work, lives with their parents for three years and doesn’t buy a bunch of luxury goods..seems lots of them should
Posted on 12/15/22 at 3:17 pm to weagle99
Ah, the not remotely good generation
Posted on 12/15/22 at 3:19 pm to Paul Allen
quote:no it hasn't
That’s been changing the past couple of years
quote:no it won't
and will continue to change as more people work from home and get to live wherever they want to.
Posted on 12/15/22 at 3:23 pm to Dawgfanman
Probably the best financial decision I ever made was living at home for two years after starting my first real job. I paid off all my student loans, bought a used car, and was able to save up lots of money. It did help that my girlfriend (now wife) had her own place, as well as some of my friends, so it wasn’t like I was stuck at home with my parents every night. It really set me up financially for the future
Posted on 12/15/22 at 3:28 pm to saderade
quote:
Probably the best financial decision I ever made was living at home for two years after starting my first real job. I paid off all my student loans, bought a used car, and was able to save up lots of money. It did help that my girlfriend (now wife) had her own place, as well as some of my friends, so it wasn’t like I was stuck at home with my parents every night. It really set me up financially for the future
As a parent (one in college, one in HS) my expectation is that they become independent by a year or two after they finish their education or some sort of training. So by 23/24or so If they go to college. We will see if it works out that way. I am going to reduce the amount of support I provide during college each year.
Posted on 12/15/22 at 3:34 pm to fallguy_1978
quote:
There are too many people concentrated in the top 10-15 metros in the US which has created significant competition for housing.
I'd hate to live in a huge metro area, but that's where most of the jobs are. Most people have to at least live reasonably close to their workplace.
Posted on 12/15/22 at 7:50 pm to GreatLakesTiger24
quote:
no it hasn't
quote:
no it won't
Ok
Show me some data to support your assertion.
Posted on 12/15/22 at 8:17 pm to fallguy_1978
quote:
You are really tired of renting huh baw?
Owning a house has been my dream for a long, long time. I graduated into a dog shite economy with terrible grades (my fault for not dealing with anxiety and depression issues) and finally clawed myself into a nice career and housing prices skyrocketed.
Posted on 12/15/22 at 9:24 pm to bird35
quote:
I view 18-22 year olds at home much differently than 26-29 year olds
I agree. 18-22 is college/trade school years. I see no issue with a child still living at home while finishing up continuing education of some sort. But by 24 and up, you better be getting out or at least be paying something for rent/utilities/groceries each month.
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