re: Half of US young adults live at home, fueling luxury good boom

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No way in hell could I have lived with my parents until I was 29.

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I had to move back in with my parents briefly after college while testing for cop jobs. That lasted all of 3 weeks before I took a temporary job at Target to get me by until I got hired by a PD.

The current Housing costs are playing a role now. Rent for a decent apartment is out of most budgets. House costs haven’t dropped with rise in interest rates. But good lord I did whatever I had to to get out of my parents house and I couldn’t afford it 30 yrs ago.

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This mostly applies to major cities and surrounding areas, but I agree...

Particularly detached single family homes. Rising land values near job centers and amenities have made starter homes in desirable areas nearly nonexistent.

Your path to becoming a detached single family homeowner are:

1) "Drive until you can buy," but end up in a neighborhood you don't like and a commute that cuts into your budget and quality of life.
2) Pay high rent for a small apt in an okay neighborhood until you can buy a home, but risk getting stuck in rental perpetuity
3) Split rent with 2+ roommates in a better neighborhood (but how long do you want to do that?)
4) Get a free ride with mom and dad while you save up to buy the starter home you want (and in the process pass up people who didn't choose or have this option)
5) Forget about the starter home and save up for a small condo or townhome in an okay area instead
6) Forget about your job and trade in suburban/urban life for rural life

Unless development patterns change, I think young people need to come to terms with living in a smaller space, choosing to relocate, or being okay with not affording a house until later in life.

Due primarily to strict zoning and building codes, the development patterns in this country lead to stratified neighborhoods, compounding the "rich get richer" effects for SFH owners and making first-time SFH ownership increasingly difficult. We need to loosen regulations to allow for a more diversified housing stock in all neighborhoods so instead of young people choosing to live with parents, they can instead afford to buy a smaller place in the same neighborhood as them (or wherever they'd like to live).

Also, if we allowed for mixed use, mixed housing neighborhoods to more easily develop into livable areas, then we'd have more affordable and viable options for young people than trying to afford a house.

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Good points