I've told mine...at 18...be a producer..not a consumer or your out.
If she stays she's paying rent/utilities food.

America is dead so thats fitting

Both my kids are colllege grads with good jobs AND living with us. They each pay us rent (~half the prevailing rate) and fair share of utilities. It’s a win-win. They are saving money and building up their investment portfolios. We are receiving some passive income and generally we always have somebody at home to watch the house and take care of the dog. Great piece of mind when the wife and myself travel.

One kid works for an IT contractor and does most of his work remote. The other just happened to find a job within commuting distance from the house. She is looking for better opportunities and likely move away sooner than later but in the meantime it makes perfect sense.

They are both responsible, self sufficient and actually help us out quite a bit.

Stopped first sentence as ‘same level as the 1940’s’.  Not because of anything wrong, but because it lays out the entire problem.

Early 40’s, we were still in the great depression.

Guess what the fuck is wrong now?!?!?!


Sadly, guess what helped us out of…..

I lived with my parents thru college, and moved out as soon as I had a job that could support it.  Ultimately, I moved out because my parents rules drove me insane.  If I hadnt, I might have Menendez’d my parents.

I'm sure bumping uglies while mom and dad are in the other room is like getting drunk at a family gathering as a kid and having to act sober, exhilarating.

I'll take a guess... global war.

The Battle of the Strawmen is rarely meaningful.  Yes, Zoomers have unique challenges.  Every generation has unique challenges and experiences unique benefits as a whole.  Clearly these don't apply universally however.

Pretending that there was a generation that got high paying jobs right out of college and were able to pour that money into nice homes in expensive areas?  That wasn't a Boomer thing.  It wasn't even a Gen X thing.  It probably won't be a Zoomer thing.

As was true for all named (and perhaps unnamed) generations, there are going to be a portion of young people who pour all their money into toys and hedonism and then live at the expense and grace of their parents.  That's not healthy no matter how old you are.

Scared little children that have aged but never grew up.

My stepson is 21 and he moved back in with my ex wife a few months ago.  He has been saving money to buy a house.  Starter houses in this area are around the 200k mark, this is about 1300 sq ft.  In 2020 these houses would have been 100k.  Young people have literally been priced out of getting a house.

Starter homes are 400k here. Wages are not double.

......I bet that all still have the newest iPhones, fancy cars, and go out with friends for food and drinks every night.   I wonder how many even have a job?

For Gen-Xers starter homes generally weren't new homes.  I'm pretty sure this is true for Millenials and Boomers as well.

Sometimes the expectations are the issue.

I think it depends on the area and the person's socioeconomic situation.

My "starter home" wasn't bought until both of us were graduated and had full-time, career level jobs. We weren't kids with nothing but a floor job and a dream.

These are not new homes. These are the smallest homes in a modest neighborhood built in 2006. Building a home here is $500k+ from the shittiest builder in town.

I bet they don't.  You're out of touch.

I'm not sure what area you are talking about, but a home built in 2006 is relatively new.  The first home I bought was 28 years old, and I felt like it was a bit of a stretch.  I still have it, and now I consider it downright affordable.

I have rarely met a Zoomer who was 18+ who didn't have a newer phone than I did.  But yeah, I don't know about the "fancy car" thing.

Multi-generational households are the norm in the rest of the world.

Grandmothers take care of their grandchildren.  Saving a lot on childcare. It just makes sense.

The only "if" and it's a pretty big "if" - the generations have to get alone. If kids hate their parents or vice-versa, which seems to be the norm half the time, the scheme is not going to work.

Yes and yes. If you and 18 or so and trying to make it in the world, how can you afford anything? Rooms are well above $1,000 these days and apartments even humble ones are about $2,000 in places like Colorado and the east coast and just about anywhere except middle of nowhere, Kansas.

Add vehicle expenses, food, etc.

I briefly moved in for 2 years when I was well into my 40's, with my child so grandma could spend time with the grandson and it was a disaster for the most part.

It's pretty normal in the rest of the world to get married, bring the bride home - meaning your parental home.

The whole moving out thing is mostly American.

I'd have to go with this.

I don't think its a bad thing, like the other poster said multi generational households were the norm for most of world history and it isn't a bad thing to get back to closer families and tradition. There is a lot of benefit in being able to help each other and not be distant. Could make stronger families and build more wealth for the family to pass down.

But that is completely then the loser video game drop out crowd that can't be motivated to do something with their life.

I approve in most ways. My HS girlfriend when we re-met at a HS reunion told me how she let her son live with her and her husband after college. He got a great starter job and she wanted him to save as much money as he could before he truly moved out. I let my son live me and my ex when we were married so he could get ahead that year. He already graduated and left a job and started anew job closer to home. It made sense at the time.

I get why people do it.

But I would never let my kids stay more than a year or two out of high school.

All of the most successful people I know were out of their parents houses by then. Partly because most of them had a lot less support from mommy and daddy.

If you have a family that isn’t a pack of shit heads. Multi generational living is the way to go.

The slickest operation I ever saw was an Indian (punjab) family that moved into a mansion in Laguna Niguel, CA. The entire family pooled their resources and bought this 8-9 bedroom mansion with attached MIL quarters. They then packed the family in. The grandma, mother and aunts were packed into the kitchen cooking and watching the kids. The father, brothers and uncles were fixing the cars in the garage. The extended community supported everyone who wanted with a job. And the kids could afford to go to a UC.

The money that would have gone to rent for a shitty apartment, childcare that hates your kids and shitty restaurants. Instead went to a SoCal mansion and the good life in Orange County.

I have found though that for white people. This living arrangement is impossible due to the selfishness and self centeredness of white women.

For all the boomers in this thread wondering why housing is so fucked up.

I know many who do this and I don’t think less of them. In some countries this is common practice, Mexicans do it here, they move their family in to a small dwelling and all funds go to essentials and they seem to live a decent life.

My family has done this since it started back in the 1300’s in ???? and continued the practice in NY state and PA until the passing of my uncle.

People exist within a framework of living memory.
They do not care, contemplate, or have anchored cognized that early Homo sapiens chased mammoths of off cliffs without goretex, polypropylene, or Yukon stoves.  Or the impact of the Black Death in Europe.  Or the impact of the Great Depression on people born in 1900 or 1920.  

Young adults/parents have some tie to their parents, grandparents, and possibly great grandparents.

They understand great grandpa, the HS grad, came home from WWII, took a job with the railroad, and bought 8.7 acres on an island on the coast of savannah with riverfront / ocean access for 1/12 the price proportionally of what it coast now.  With a pension and full no cost medical benefits.

They understand their maternal grandpa graduates HS in 1965 and got a union job and paternal grandpa got his engineering degree for 1/4 the cost proportionally the same university cost now.  And had rent 1/2 proportionally what the same apartment is now.  And for corrected square footage and amenities bought a home for 1/3 proportionally now.  And that college grad took a job paying MORE than median household income to start.  And the current household income is only proportional to then because of a shift from minority dual income households to majority dual income households and an increased proportion of the second income from part time to full time.  And that minimum wage in 1968 was the equivalent of 15$ an hours now.  Ans that society is losing its shit that entry level labor wants 15$ an hour now.  And that two thirds of them had defined benefit pensions and zero cost medical insurance.  And bought Corvettes and Camaro Super Sports and performance model Mustangs and Jeep Wagoneers at prices that proportionally buy entry level cars now.  They saw popular bands and new release movies for a fraction of the current proportional costs.

And that their parents went to the same colleges for 1/2 the price proportionally and paid 1/4 proportionally for medical insurance.  And rented the same apartments for 1/2 to 1/3 the costs proportionally.  And said and did shit that would ruin their lives now.  And didn’t lose promotions they earned to shit bags with some DIE criteria.     The nice little starter home in a nice no crime area with great schools and half an hour from work their parents bought for the equivalent of 250K is now a 600K home and impossible for them to obtain.  .

Out motivated, hard working, decent young adults and parents only want things like their parents, grandparents, and great grandparents had.  And they get shit on and mocked for it.  And told how much cheaper it is for them to get a nice TV now.  Like a ducking TV matters.

OK.  Is that all a giant excuse so that we can't talk about what it takes for a person to achieve some of their early life goals regardless of their age?

If a TV costs money.  It matters.  Pretending that things don't matter is one of the reasons actual adults see some of the spending priorities are out of whack.

All over the country right now, Zoomers are starting to live adult lives and figure things out.  I'm, not going to criticize them for living at home as long as they are working hard, saving money, and not being a burden to their parents.

Try $450,000

Boomers don't recognize thus.
Boomers say shit like, "pull yourself up by your bootstraps, ask to see the manager, look him in they eye and shake his hand...you'll get a well paying job with a pension. If you stopped getting avocado toast for $2.99 once a week, you'd be able to afford a $4500/month mortgage, $1200/month basic car payment on a $13/hr salary."

And don't forget," muh social security"

My youngest Stepdaughter lived with us for about 2 years after graduating from college. She was working and saving and helped around the house and was a great help in that regard.

I actually really enjoyed it because it was nice to see how much she had matured from H.S. Not that she was a bad kid in H.S., just our conversations were better and it was more like peers than child/parent stuff.

Most of the reason she decided to come back was that her long time boyfriend was killed in a tractor accident and ALL of her plans changed overnight. She went from hoping to get married, buy a house and start her life to not knowing what to do.

I really do feel bad for this generation as they are getting hammered financially from everywhere. The interest rates aren't terrible, it's the home prices that are making it unaffordable. I bought my 1800 sq ft ranch in 2001 for $133,000.00 @ 6.5%. It was doable then. Same house is probably closer to $275k-$300K w/ the same or slightly higher rate. That's not gonna happen for many 20 somethings.

I'm a multi-generational household fan.  I wish we could all be together.  I lived with my dad on and off until I got married and moved out for good.  Chipped in for bills, paid all my personal expenses (car, cell phone, etc.).  My dad and I get along great together and it would be awesome to hang out every day again.

Every situation is different.

I would charge them prevailing rate rent and deposit the unneeded 1/2 in an IRA for each.  But, who am I to tell?  I got the fuck out of my parent's house at 18 and never looked back.

last year i looked at a trashed meth house in colorado that was $600k.

The smart thing to do, IF it is an option.
Keep your wealth to yourself, keep your wealth within the family, keep your wealth within the extended family, keep it among friends, among allies or choose lesser of evils...
Do not give it to wallstreet landlords, foreign investors getting rent payments from Americans in America.. or other parasites..

A lot of American young men were in Europe or Asia in the early and mid 40s instead of living at home.

My first home was 1100 square feet with 1.5 baths and no garage. It was also older than me. Somehow I survived.

My youngest daughter moved back home recently after graduating from Nursing School with her BSN. She just started working at a local hospital. I am very happy to have her living with us.

OST

I love my daughter and she's welcome in my home as long as she wants until she finds a husband. She can do what she chooses but I prefer to have her under my roof where I know she will be safe and taken care of.

I'm not sure where YOU live, but in areas that are not the american midwest, cities are expanding rapidly and they are building as fast as they can. There are thousands of homes built in the last two decades here, entire sections of town.

A 1200 sqft home with 2 Bedrooms and 1.5 baths just sold near me for $415k

That's still your average starter home around here. Most people I know started with a 1200 sqft 1.5 bath home.

Gen X and Z can't afford those anymore. They're $350-$400k today.

I hear if I cut back on stuffing my face with avocado toast, and use a flip phone, I could afford that house.

It's always the fucking avocado toast.

It depends on where you live.

There are 1,000-1,500 sqft 1.5 bath homes for sale in every corner of Texas for less than 200k.  Yeah, you might have to commute 40 minutes to work.  Yeah, it might not be the house your friends are jealous of.  Yeah, it might not be in the neighborhood you grew up in.  But they are out there.

It all boils down to expectations and being realistic.  If people expect nearly new construction near a trendy area, with easy access to all the "fun stuff to do", bike paths and parks everywhere, the best schools, and a less than 20 minute daily commute, then its no wonder they think you can't afford anything right out of college.

I think this shows how disconnected you are from reality. Any 1200sqft new construction in a trendy area near fun stuff, bike paths, and parks will be $800k-$1mil.

We're not talking about those, here. We're talking about the types of homes that have always been your "average" starter home for every generation before. Those are now completely unattainable for the current generation that should be buying their first home.

Yeah, going up north is a different experience.

I looked at a job in Rochester once, and when we flew up to look at housing, the realtor kept taking us to all of these nice but very old homes.

I asked her where the new construction neighborhoods were, and she implied that there just weren't that many in the area, and you'd likely have to drive.

I'm used to fields full of crackerjack houses going up every few months, in just about any community you would want to live in.