Has the EU lost millions of manufacturing jobs to 3rd world countries as well??

[Mircea]

Originally Posted by gwynedd1

In the case of Germany, they did not have the housing bubble we did.

With 1/3rd of Germans living with their adult children, why would they?

As for the rest of Europe...

Among Europeans ages 25-34, nearly one-in-three men and one-in-five women lived with at least one of their parents in 2008, according to a recent report from the European Commission. The highest shares were in Bulgaria for men (61%) and in Slovakia for women (42%).

[Malloric]

Interesting. I would have thought it would have been the reverse, higher percentage of women living at home than men, or at least more equal. Actually that's less then the US though so I'm not sure what it has to do with not having a housing bubble.

More Millennials Living With Family Despite Improved Job Market | Pew Research Center

Of course, they're excluding college students 18-24, not sure about in your case.

[High Altitude]

Everything you read about the millennial generation is depressing.

I feel for them, lots can't even get into the game.

I hope we move forward quickly and not be stagnant for decades.

[J.Thomas]

Originally Posted by Malloric

Interesting. I would have thought it would have been the reverse, higher percentage of women living at home than men, or at least more equal. Actually that's less then the US though so I'm not sure what it has to do with not having a housing bubble.

More Millennials Living With Family Despite Improved Job Market | Pew Research Center

Of course, they're excluding college students 18-24, not sure about in your case.

Of course they are.

Are you guys checking home prices??

Even with better wages you can't afford a decent home.

And don't forget about college debt.

[High Altitude]

Originally Posted by J.Thomas

Of course they are.

Are you guys checking home prices??

Even with better wages you can't afford a decent home.

And don't forget about college debt.

When I first went to school here was my situation.

Tuition for the year, just under $1,000, I believe I paid $963 for the first year tuition
Min. wage in CA $4.25/hr
Typical starting wage for people out of college (4yr degree) $38k/yr
First house I bought, $205k

Today I would of been in this situation.

Tuition same school, $9,000/yr
Min. Wage now in CA $10/hr (just changed this year, was $9/hr)
Starting wage hasn't changed much, might be a little higher
Same exact house, $700-750k

[lukas1973]

Originally Posted by Mircea

With 1/3rd of Germans living with their adult children, why would they?

As for the rest of Europe...

The percentage of young adults (18-29 years old) living with their parents is relatively low in Germany:

Europe's young adults living with parents - a country by country breakdown | News | The Guardian

It's 23% in Germany.

Finland: 15%
Austria, Denmark, Germany: 23%
UK: 26%
France: 28%
EU: 48%
Spain: 49%
Italy: 79%

It's 31% for the U.S. but this figure is for young adults ranging from 18-34 years old. So the number for young adults (18-29 years old) will be significant higher.

More Young Adults Live With Their Parents Now Than During the Recession - Real Time Economics - WSJ

Rents are relatively inexpensive in Germany, so it's very easy for young adults to move out.

There was no housing bubble in Germany, because house prices were falling in Germany in inflation adjusted terms, because that's what house prices are supposed to do:

http://media1.faz.net/ppmedia/aktuel...uroraum-st.jpg

When a house is getting older it becomes less livable and it needs more upkeeping. Therefore house prices should fall over time. Rising house prices are an absurdity.