38 percent of California's 18 to 34-year-olds still live with their parents (London: mortgage, student loans)

[RosieSD]

Originally Posted by payutenyodagimas

he's just smart and probably tree hugger.

Sorry, can't resist -- wouldn't a "tree hugger" want to live in a tree house?

[payutenyodagimas]

Originally Posted by RosieSD

Sorry, can't resist -- wouldn't a "tree hugger" want to live in a tree house?

tree hugger is an environmentalist..they guy still living with his oldies probably wants to reduce his carbon footprint by not getting a place of his own

[Perma Bear]

Originally Posted by Cardiff Kook

Maybe...sounds like this person could move out and rent no problem

He could also put his money in a gasoline drum and light it on fire both would yield the same result

[Cardiff Kook]

Originally Posted by Perma Bear

He could also put his money in a gasoline drum and light it on fire both would yield the same result

Good point and I agree about renting....but he still doesn't have to live at home due to financial constraints

I'd rather rent than live with my parents

[Ceece]

Yes it's true and I'm doing my part with two of them, 26 and 30. One isn't even officially mine. We all live and work in one of the now priciest areas in the country, although it wasn't that way at all when I settled here. I've always thought multigenerational households were somewhat logical, and growing up I had 2 grandparents living with us at various times, so this isn't that weird for me. Besides, those 2 rooms would just be sitting empty.

[semispherical]

Originally Posted by payutenyodagimas

tree hugger is an environmentalist..they guy still living with his oldies probably wants to reduce his carbon footprint by not getting a place of his own

You say this like it's a bad thing --.

Why do you care about the life choices of others?

[payutenyodagimas]

Originally Posted by semispherical

You say this like it's a bad thing --.

Why do you care about the life choices of others?

i never said i don't like what others make of their own lives.

[BeauCharles]

Originally Posted by CA4Now

Exactly. And there are a few states that have a higher percentage than California does.

Census: More Americans 18-to-34 Now Live With Parents Than With Spouse

Interesting. The lowest states (like the bottom 10) are mostly Midwestern and Western with low unemployment, high wages and reasonable housing costs. Basically the way it used to be in many parts of the country a generation or two ago. The 15% living at home in North Dakota is pretty telling - those oil jobs pay well!

[Ruth4Truth]

Originally Posted by mysticaltyger

I agree with this.

Problem is, most young people living at home aren't saving feverishly. I'm sure there are exceptions, but the money that would have been going to rent is often going to payments on an overly expensive car and/or entertainment.

I'm not seeing this. The young people I know who are living with family are definitely socking money away for later. No one at that stage in life is into expensive cars, except for the few who lack any sense, and weren't raised to have money management skills.

I did know one guy who did exactly that; spent his paychecks on clothes, expensive sport shoes, and ultimately, an expensive car. But when he moved out on his own, so much money was tied up in the car and car insurance (surprise! Ins. is more expensive when you have an expensive car ), that he ended up declaring bankruptcy. He couldn't afford to pay rent and car payments/ins. He hadn't been raised in an environment of saving, being disciplined with money, and all that.

[mrsltd]

Originally Posted by Perma Bear

He could also put his money in a gasoline drum and light it on fire both would yield the same result

No, it wouldn't yield the same result, necessarily. Especially not if he HAD to move. It would mean the difference between having a roof over one's head and not having that.