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Old 04-27-2016, 03:59 PM
 
4,231 posts, read 3,560,332 times
Reputation: 2207

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Very interesting!!

So these people are going back to basics!!

Quote:
"I had an apartment in Chicago," said Meghan Kennihan, 34, a running coach and personal trainer who lives in her folks' finished basement in La Grange. "It was tiny and expensive. I was miserable. I moved back. Now, I have a bedroom plus an area for my scrapbooking hobby and another for my exercise equipment. It's like having my own apartment except I have more space than I can afford to have in an apartment."
"We All Work As A Team" - Millennials Explain How It's Going Living 'Rent-Free' At Home | Zero Hedge

So they can buy their homes when they're in 30s.

 
Old 04-27-2016, 04:15 PM
 
Location: Omaha, Nebraska
10,363 posts, read 7,995,858 times
Reputation: 27778
As long as their parents are fine with the arrangement, the young person is saving the money they're not paying in rent, and they're helping with their fair share of household chores, I don't see a problem with this. Multi-generational households were the norm until fairly recently.

Last edited by Aredhel; 04-27-2016 at 04:36 PM..
 
Old 04-27-2016, 04:19 PM
 
Location: State of Transition
102,218 posts, read 107,977,655 times
Reputation: 116179
There's someone on another forum here who lives in an old trailer in the woods outside of town, rent-free. That's one way to afford high COL areas, like the Bay Area and Seattle.
 
Old 04-27-2016, 04:26 PM
 
7,899 posts, read 7,116,996 times
Reputation: 18603
Quote:
Originally Posted by Ruth4Truth View Post
There's someone on another forum here who lives in an old trailer in the woods outside of town, rent-free. That's one way to afford high COL areas, like the Bay Area and Seattle.
Good luck finding a place to live in the woods near the Bay Area or Seattle. I did stop a few nights in an RV park north of Mill Valley. I think it was over $50/night.
 
Old 04-27-2016, 04:30 PM
 
4,231 posts, read 3,560,332 times
Reputation: 2207
If this becomes commonplace i believe gov will put the screws on them!!

More taxes for bigger households.
 
Old 04-27-2016, 04:46 PM
 
Location: Atlantis
3,016 posts, read 3,912,001 times
Reputation: 8867
It's not just millenials going 'rent free'.


I had a gorgeous sky goddess (flight attendant) living at my house for over a year and at one point I kind of hinted / suggested that maybe she might want to make a reasonable or remotely noticeable attempt at paying some rent and/or utilities and her response was:


'It's a given that even if we were not together, you would still have your house and live here anyway so I shouldn't have to pay rent.'
Moderator cut: .

But after the inevitable breakup, she moved to her parents house to live rent free and then eventually moved in with another guy, once again rent free. She could write a 'How To' book on living rent free.

Last edited by yellowbelle; 04-28-2016 at 10:51 AM.. Reason: off topic and not PG
 
Old 04-27-2016, 06:56 PM
 
33,016 posts, read 27,473,071 times
Reputation: 9074
Quote:
Originally Posted by Ruth4Truth View Post
There's someone on another forum here who lives in an old trailer in the woods outside of town, rent-free. That's one way to afford high COL areas, like the Bay Area and Seattle.

Off the grid?

(singing)
I want my 110v AC...
 
Old 04-27-2016, 06:59 PM
 
33,016 posts, read 27,473,071 times
Reputation: 9074
Quote:
Originally Posted by J.Thomas View Post
If this becomes commonplace i believe gov will put the screws on them!!

More taxes for bigger households.

Bigger households do pay more. The house I live in just got and paid for additional trash and recycling containers because we generate a large output.
 
Old 04-27-2016, 06:59 PM
 
7,899 posts, read 7,116,996 times
Reputation: 18603
Even though many got off to a slow start with college debts and a sick economy, millennials are now buying houses at a rapid rate. 35% of houses sold last year were bought by millennials and that percentage has been increasing at a rapid rate.
 
Old 04-27-2016, 07:08 PM
 
Location: Gulf Coast
1,458 posts, read 1,170,885 times
Reputation: 3098
I wouldn't mind helping out my children for a while if they were just trying to get started. In fact, twice we had our daughter here while she saved for a house down payment. We parents get to the end of our lives and need some help from the kids, maybe some of them remember when we were there for them?
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