Current Events > Living with your parents as long as possible is the best financial option today.

(+) Yeah! (+)

80/80

I don't mean living as a NEET, I mean getting a job that you can commute to and still live with your parents. If your parents own a house, by the time you are ready to get a full-time job the house will either be paid off or almost paid off. In any case, the cost of housing being split among an entire family makes housing cost less for everyone.

Of course getting a good job near where your parents live is not possible for many people, but what really holds people back from trying and embracing this is the social stigma against it. But nowadays that stigma needs to end.
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fucking this

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I moved back to care for my parents after my dad got diabetes and my mom was too old to work.

They cared for us, we can return the favor. I feel no shame.

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Logically that's true, but unacceptable with the norm. Your parents raised you for up to the average of 18 years until you either moved out and got a job or went off to college (which they are paying for).

Thats pretty disrespectful to your parents to do that to them when they could be taking a break from the full time parenting. If you help pay the bills at that time then it might be seen as different, but also it'll diminish your social life.

The downside is you'll lack an independence, love life, and responsibility when it comes time to get your own place. You'll be lost.

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Depends on your relationship with your parents I guess. My mom probably would have let me live with her into my 40's, but fuck that noise

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In a lot of cultures you dont move out until you get married

I'm 32 and make 6 figures and my parents still tell me to move back in with them every time I see them. I live 15 min away

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I agree, although I would like my own place soon. But I'd rather save up $100,000+ and have no debt than live in a closet in NYC with little savings and large debt, like many people I know.

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Yup, rent is becoming so obscenely high that renting an apartment is simply not an ideal option anymore. My mortgage with interest is lower then my rent was, that's some bullshit

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Ive never understood this mentality. Like why would you want to stunt your growth as an adult by living with your parents at 30 something? Life is not that hard unless youre shackled with a mental or physical disability. Id never trade a bit more pocket change for complete independence.

Also so your parents can get a break in life from being responsible for you. Even if you are working and pitching in; youre still there.

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Why are white people so eager to leave their parent's house?

Why are white people so eager to kick their children out?

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thanosibe posted...

Ive never understood this mentality. Like why would you want to stunt your growth as an adult by living with your parents at 30 something? Life is not that hard unless youre shackled with a mental or physical disability. Id never trade a bit more pocket change for complete independence.

its not just a little pocket change, it's a down payment on a house, time to dramatically pay down debts like student loans, etc. i lived with my parents for 2 yrs after college and i was saving so much money that it was ridiculous. it helped set me up for later in life, i still reap the benefits of those savings today

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It's a cultural thing too I think. My boss at work (from Macedonia) said her brother was still living with their parents until 33.

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Romulox28 posted...

its not just a little pocket change, it's a down payment on a house, time to dramatically pay down debts like student loans, etc. i lived with my parents for 2 yrs after college and i was saving so much money that it was ridiculous. it helped set me up for later in life, i still reap the benefits of those savings today

2 years is nothing and extremely common. TC is talking more in the 8-12 year range

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thanosibe posted...

Ive never understood this mentality. Like why would you want to stunt your growth as an adult by living with your parents at 30 something? Life is not that hard unless youre shackled with a mental or physical disability. Id never trade a bit more pocket change for complete independence.

Also so your parents can get a break in life from being responsible for you. Even if you are working and pitching in; youre still there.

I had a very low rent in the area I lived in and it was still 1700 a month. That's not pocket change for most people dude.

If I could have lived with my parents that would have been 20 grand saved per year... Enough for a solid down-payment after only a few years.

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This is what I tell anybody young, but some people just can't live with their parents and I was one of them. My mom and I are too much alike and we bump heads. The freedom of living on your own can be worth it, but theirs definitely a cost to it.

If my mom wasn't my mom (w/ all her flaws) I would do it.

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I'm Mexican, when my older cousins became doctors and nurses and dentists and all that shit, they bought a house and had their parents move in with them.

Mom and dad don't gotta work anymore, the kids need someone to watch over them, grandma and grandpa clearly did a great job raising their own kids, why not keep it going. Maybe not so much raising their grandchildren, but teaching mom and dad how to be parents and overseeing it.

I don't know man, America's weird with how much they believe in isolating family.

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Romulox28 posted...

its not just a little pocket change, it's a down payment on a house, time to dramatically pay down debts like student loans, etc. i lived with my parents for 2 yrs after college and i was saving so much money that it was ridiculous. it helped set me up for later in life, i still reap the benefits of those savings today

Living with them a few years after is different than 30 something. I moved out at 20 because I wanted to pay my car off before I went out on my own. So I can get what you are saying.

But generations of children have been getting out on their own and living as adults. Why is it now only that young people are saddled with debt, need to save for a down payment, etc?

MC_BatCommander posted...

I had a very low rent in the area I lived in and it was still 1700 a month. That's not pocket change for most people dude.

If I could have lived with my parents that would have been 20 grand saved per year... Enough for a solid down-payment after only a few years.

If you arent in a city like NYC or LA I cant imagine that being low rent. Ive lived in 4 different cities and have never paid even close to $1000 to rent a 3-4 bedroom house. So I guess in your case I dunno what to say. :shrugs:

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Only protestant derived cultures have that pressure to move out as soon as possible tbh, from what I've noticed. Meaning anglosphere cultures and scandinavian and other parts of northern europe. Like 99% of my extended family lived with their parents until they got married (in which case many of them had their parents move in with them after that) or just move upstairs to where their parents would have had tenants or whatever

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thanosibe posted...

But generations of children have been getting out on their own and living as adults. Why is it now only that young people are saddled with debt, need to save for a down payment, etc?

Because housing and education were significantly more affordable in relation to incomes for prior generations.

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Imagine having children and then they just never leave. Like, you don't get man the second half of your life to have your own space again.

ArchiePeck posted...

Imagine having children and then they just never leave. Like, you don't get man the second half of your life to have your own space again.

Why even have kids if you are just going to kick them out at at 18 or whatever?
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thanosibe posted...

Ive never understood this mentality. Like why would you want to stunt your growth as an adult by living with your parents at 30 something? Life is not that hard unless youre shackled with a mental or physical disability. Id never trade a bit more pocket change for complete independence.

Also so your parents can get a break in life from being responsible for you. Even if you are working and pitching in; youre still there.

See, I've actually never understood this mentality. Why is it automatically assumed that your growth will be stunted? If you are working, paying your own bills, cleaning up after yourself, and overall functioning as an adult, then where you live is kinda irrelevant.

I lived at home until I was 25 by choice, I could have moved out much sooner than that if I really wanted to.I had finished college 3 years prior to moving out. Once I moved out, the only thing that changed was the entity that I paid rent to, and that I had to sign up for my own internet/TV and electric, and buy my own food. That's it. Everything else an adult would do, I'd literally been doing since I was a teenager. During that time that I lived at home, I had a reduced rent amount, paid 100% of all of my other bills, was able to work full time and go to school full time, save up my money and come out of college with $0 debt with thousands of dollars extra to spare. And then once I was out of school, I just continued to stack my chips for the next 3 years. By all metrics I'm ahead of most people my age, not behind. Long story short here is, I think it's OK to live with your family as long as you behave and are treated like an adult.

But even living with your parents into your 30's specifically. My thoughts on that are still the same really. My best friend is Asian and he is 32, this dude has saved up major money due to living with his parents still. In that department, he's way ahead of most people his age.

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I also just can't imagine having a sex life in my childhood bedroom...

My kids are going to be on their ass at 18 and out of the fucking house.

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REMercsChamp posted...

My kids are going to be on their ass at 18 and out of the fucking house.

You don't have kids

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Yeah, I moved out the month I got a full time job, bc my step dad was becoming pretty strict.

Wish I could have saved up for awhile. He was able to live with his parents until he was close to 40 LOL, but bought a condo with cash....

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I lived with my parents until I was 26 years old. It really wasn't that challenging to have a social life or sex life. Anyone who thinks it does either grew up in a refrigerator box, or is psyching themselves out over it.

My wife and I like our apartment, but we're still considering moving into my parents basement apartment next year cuz we'll save like $10,000 in rent.
Tbqh, renting is long-term viable really only if you live in the south or something where rent is incredibly affordable, or you and your spouse don't mind working absurd hours to cover it.

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I moved out 3 months ago at 29. Mom was driving me insane.

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Flockaveli posted...

I'm Mexican, when my older cousins became doctors and nurses and dentists and all that shit, they bought a house and had their parents move in with them.

Mom and dad don't gotta work anymore, the kids need someone to watch over them, grandma and grandpa clearly did a great job raising their own kids, why not keep it going. Maybe not so much raising their grandchildren, but teaching mom and dad how to be parents and overseeing it.

I don't know man, America's weird with how much they believe in isolating family.

Ho does any adult in that house have a healthy sex life when theres like 8 people in there

Serious question

My father lived with his parents when he had me.

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evil_zombie11 posted...

I moved back to care for my parents after my dad got diabetes and my mom was too old to work.

They cared for us, we can return the favor. I feel no shame.

In the west, its cool to leave home as soon as you're able to and hump like dogs.

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thanosibe posted...

But generations of children have been getting out on their own and living as adults. Why is it now only that young people are saddled with debt, need to save for a down payment, etc?

Well when my dad bought his house it cost about $30,000.

Today if he sold his house he could get at least $150,000 for it.

Now you have to figure how income vs house prices match up.

In addition there are tons if extra costs that go into buying a house.

A dude making $150,000 a year might even struggle to buy the $150,000 house that is.
But not if he lived with his parents and was able to save up.

But in an area where houses are $150,000, most people won't make $150,000.
If dude is making $150,000 in NY for example, the houses are alot more expensive.

i'd probably save 30-40k annually moving back in with my parents

but i have a sibling living with them with psychological issues and it makes home a very uncomfortable place to stay for any extended period

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The problem is a lot of people dont save as much as they should while theyre living at home.

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LostForest posted...

I lived with my parents until I was 26 years old. It really wasn't that challenging to have a social life or sex life. Anyone who thinks it does either grew up in a refrigerator box, or is psyching themselves out over it.

My wife and I like our apartment, but we're still considering moving into my parents basement apartment next year cuz we'll save like $10,000 in rent.
Tbqh, renting is long-term viable really only if you live in the south or something where rent is incredibly affordable, or you and your spouse don't mind working absurd hours to cover it.

Depends on the parents. At 32 my parents still tell me I'm too young to date. You really think they'd be ok with me taking random girls home every weekend?

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darkphoenix181 posted...

Well when my dad bought his house it cost about $30,000.

Today if he sold his house he could get at least $150,000 for it.

Now you have to figure how income vs house prices match up.

In addition there are tons if extra costs that go into buying a house.

A dude making $150,000 a year might even struggle to buy the $150,000 house that is.
But not if he lived with his parents and was able to save up.

But in an area where houses are $150,000, most people won't make $150,000.
If dude is making $150,000 in NY for example, the houses are alot more expensive.

That's all true. But that's still the same for my parents when they bought their the house I (mostly) grew up in and the houses their parents bought when they were kids. There's always been inflation and wages not matching the cost of living for each new generation most of the last two centuries. What has changed now that this particular generation is so more "screwed" than the previous ones?

And that's either an honest question for those that care to answer or rhetorical one. And I know, anecdotal, but I find that in both my maternal and paternal grandparents made it on just one income, my dad worked all on his own up until he retired and worked the business that he and mom own together and I've managed 20 years with a family on one income. And I'm (just like both grandfathers and my father) just a high school graduate. I'm honestly perplexed at how much people sandbag themselves as if adulthood is impossible.

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No_U_L7 posted...

32 my parents still tell me I'm too young to date.

Sure.

thanosibe posted...

That's all true. But that's still the same for my parents when they bought their the house I (mostly) grew up in and the houses their parents bought when they were kids. There's always been inflation and wages not matching the cost of living for each new generation most of the last two centuries. What has changed now that this particular generation is so more "screwed" than the previous ones?

And that's either an honest question for those that care to answer or rhetorical one. And I know, anecdotal, but I find that in both my maternal and paternal grandparents made it on just one income, my dad worked all on his own up until he retired and worked the business that he and mom own together and I've managed 20 years with a family on one income. And I'm (just like both grandfathers and my father) just a high school graduate. My honestly perplexed at how much people sandbag themselves as if adulthood is impossible.

The difference is my dad could make almost the amount his house cost in a year with only highschool diploma.
Ofc he couldn't pay it off in a year because of all the expenses of living like kids etc.

Today, to make half of that $150,000, you would need a college degree. Infact you would need more than that.
Most jobs do not give you $70,000 at entry level out of college.

Why won't anyone answer my question it's a legitimate concern

LadyVyxx posted...

Why won't anyone answer my question it's a legitimate concern

How do people in a hotel or in an apartment have a healthy sex life?

Just close the door.
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LadyVyxx posted...

Why won't anyone answer my question it's a legitimate concern

Having sex when there are people in the house is supposed to be taboo? What kind of jungle shit are you doing that requires all that noise? Just turn the TV volume up.

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I agree. My "rent" is $250 a month living with my dad.

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Walton's-style generational housing is slowly gaining popularity.
https://www.pewsocialtrends.org/2010/03/18/the-return-of-the-multi-generational-family-household/