Back to the nest puts families to the test

GregN · Jul 13, 2010

http://www.startribune.com/lifestyle/98261039.html?page=1&c=y

I won't quote because it's split up but here are some statements that stuck out to me:

A recent Pew Research Center study found that nearly 20 percent of Americans ages 19 to 34 are living in multi-generational adult households, which in most cases means with their parents

The recession has hit young adults particularly hard. Only 46 percent of people age 16 to 24 are employed, the lowest figure since 1948. One in 10 of the 18- to 34-year-olds surveyed by Pew said that they had moved back in with their parents for financial reasons, citing the tight job market and higher costs of rent, gas and health care.

I'm surprised it isn't much higher than 20%. Probably higher in minority groups. I know of at least 10 people >25 who live with their parents, 2-3 of them older than I.
The gas prices are only going to get higher with the BP spill.

TonK · Jul 13, 2010

G'regN. said:
http://www.startribune.com/lifestyle/98261039.html?page=1&c=y

I won't quote because it's split up but here are some statements that stuck out to me:

I'm surprised it isn't much higher than 20%. Probably higher in minority groups. I know of at least 10 people >25 who live with their parents, 2-3 of them older than I.
The gas prices are only going to get higher with the BP spill.

Its great that you found this article, Greg.

It totally justifies you living with your parents!

Good find!

djdelly · Jul 13, 2010

justification FTW!!!!!!

SSS · Jul 13, 2010

I thought this thread might be funny. But it's really just depressing.

LWK · Jul 13, 2010

Everyone should live with their parents if it means no charging up debt and buying a fucking house for 290 thousand with a adjustable plan. 9 out of 10 times these people never pay off anything, and that goes for the lucky few saps who didn't do student loans. Hell, I'm 27 still breaking through college at a snails pace piece by pace. I have zero debt, and each day I wake up, i move forward with my life without that nonsense. Debt is the worst thing for americans above all other economic ills in society. It also allows someone to save up a ton of cash for when they really do want to be independent financially.

Heck, better to live with them then be paying rent to landlords on something you will never own. Some people are real suckers with this shit and unload up to 1500 a month on rent alone. Its fucking tough out there for one person now a days. Heck, even families who live together are struggling.

We live in a society where independence itself has become more of a gamble then a 'do it yourself' situation. Even in this garbage economy, most are struggling.

None of this info is pretty, but what can you do but just be patient as hell and be solid with your timing.

TonK · Jul 13, 2010

Lord Wolfgang Krauser said:
Everyone should live with their parents if it means no charging up debt and buying a fucking house for 290 thousand with a adjustable plan. 9 out of 10 times these people never pay off anything, and that goes for the lucky few saps who didn't do student loans. Hell, I'm 27 still breaking through college at a snails pace piece by pace. I have zero debt, and each day I wake up, i move forward with my life without that nonsense. Debt is the worst thing for americans above all other economic ills in society. It also allows someone to save up a ton of cash for when they really do want to be independent financially.

Heck, better to live with them then be paying rent to landlords on something you will never own. Some people are real suckers with this shit and unload up to 1500 a month on rent alone. Its fucking tough out there for one person now a days. Heck, even families who live together are struggling.

We live in a society where independence itself has become more of a gamble then a 'do it yourself' situation. Even in this garbage economy, most are struggling.

None of this info is pretty, but what can you do but just be patient as hell and be solid with your timing.

Thats why people work their asses off to own such things.

I'm not going to raise my daughter in my paresnts house to avoid debt.

Why should anyone have their parents shelter them from debt?

Be a man, if you want it bad enough you'll work towards it.

Thats a piss poor excuse homie. Shit like that don't fly with me.

Ghost-Dog · Jul 13, 2010

You know who else lives with his parents? Christian Weston Chandler. That makes it totally acceptable right?

LWK · Jul 13, 2010

TonK said:
Thats why people work their asses off to own such things.

I'm not going to raise my daughter in my paresnts house to avoid debt.

Why should anyone have their parents shelter them from debt?

Be a man, if you want it bad enough you'll work towards it.

Thats a piss poor excuse homie. Shit like that don't fly with me.

Parent's aren't sheltering you from anything, thats your view of a typical situation kicking in. Its a personal choice to have a better cut forward financially. There is a level where its way to fucking mooching, and I'm not disagreeing with that. I have a friend who is like that, and his actions make me sick.

Be a man? Nah, a man isn't defined solely in that stereotypical fashion. I really don't need to prove much since I am happy with who I am.

I'm a lot more old school with money then those who have ten credits cards, a bankruptcy file in the works and a mess on their hands. I have zero debt, college completion and a healthy relationship with the tiny fraction of family I still have. There is no real shame there other then personal insecurity in having to prove yourself to the world. Living alone isn't that much work, but its a exhausting cycle that leads to no real ownership in the short term. Anything that comes along takes AGES. Getting into a endless cycle of debt when that time can be used saving money and putting it away in favor of living with parents is a totally positive upswing for the future. It depends on your history. My dad walked out on me when I was very young and I took care of my grandma for years, and I'd do it again in a heart beat.

Working your ass off can be meaningless if you have to fork over the majority of the money you earn for rent. Its better to build a solid savings, then when you can afford a house, decide to move out at that time. You can hold a steady job, complete college, have a killer credit rating. The issue people don't understand is that to even buy a fucking home you need a great credit score. If you are buying and trading up 24,000$ cars every few years, going from apartment to apartment its a bummer.

What are you truly getting out of this that makes it work loosing the entirety of your money just to not see a family member?'

Perpetual debt is the younger generations Achilles heel, and it gets worse each year with these brand new electronic devices coming out constantly that cost a beefy 600$ annually.

If you want something bad enough, move in with family who wants you there, save double the money, move out in 5 years and fully pay off a lower level house. Then move into that house, try and land a job nearby and enjoy your fucking money. If people took this step more and stopped being so egotistical, they'd have better results, but this is a totality of view point and its not gonna be easy to listen to or accept without all the braveheart level rage fests ensuing based upon assumption.

Lagduf · Jul 13, 2010

Living with your family is a cultural thing as far as I'm concerned. It's a stigma 'round these parts though.

TonK · Jul 13, 2010

Lord Wolfgang Krauser said:
Parent's aren't sheltering you from anything, thats your view of a typical situation kicking in. Its a personal choice to have a better cut forward financially. There is a level where its way to fucking mooching, and I'm not disagreeing with that. I have a friend who is like that, and his actions make me sick.

Be a man? Nah, a man isn't defined solely in that stereotypical fashion. I really don't need to prove much since I am happy with who I am.

I'm a lot more old school with money then those who have ten credits cards, a bankruptcy file in the works and a mess on their hands. I have zero debt, college completion and a healthy relationship with the tiny fraction of family I still have. There is no real shame there other then personal insecurity in having to prove yourself to the world. Living alone isn't that much work, but its a exhausting cycle that leads to no real ownership in the short term. Anything that comes along takes AGES. Getting into a endless cycle of debt when that time can be used saving money and putting it away in favor of living with parents is a totally positive upswing for the future. It depends on your history. My dad walked out on me when I was very young and I took care of my grandma for years, and I'd do it again in a heart beat.

Working your ass off can be meaningless if you have to fork over the majority of the money you earn for rent. Its better to build a solid savings, then when you can afford a house, decide to move out at that time. You can hold a steady job, complete college, have a killer credit rating. The issue people don't understand is that to even buy a fucking home you need a great credit score. If you are buying and trading up 24,000$ cars every few years, going from apartment to apartment its a bummer.

What are you truly getting out of this that makes it work loosing the entirety of your money just to not see a family member?'

Perpetual debt is the younger generations Achilles heel, and it gets worse each year with these brand new electronic devices coming out constantly that cost a beefy 600$ annually.

If you want something bad enough, move in with family who wants you there, save double the money, move out in 5 years and fully pay off a lower level house. Then move into that house, try and land a job nearby and enjoy your fucking money. If people took this step more and stopped being so egotistical, they'd have better results, but this is a totality of view point and its not gonna be easy to listen to or accept without all the braveheart level rage fests ensuing based upon assumption.

I wouldn't expect the majority of this forum to understand my way of thinking on the matter.

If you can afford the thousands of dollars in games, movies, computers, phones, clothes, cars ect... living with your parents, then you can move out and learn to live a simple life without all of the extras.

There are so many people with vast collections of games, expensive cars, top of the line clothes and other shit, but are always broke...

And they live with their parents.

I'm not saying that living with your parents is a basd thing - and maybe your case is different - but when I see shit like this, I cringe.

I was brought up differently I guess...

I know a lot of people on here that have moved out early and are doing fine.

rarehero · Jul 13, 2010

awe.
mike.
dave.
don't fight.
there's valid points on both sides.
but I think both of you are losing sight of the fact
that greg should be taking the piss in this thread.

i'll un-de-rail the thread for you guys.
greg.
you really need to have kids so you can have 3 generations under one roof.
it's not right that your parents would every have to live alone.

LWK · Jul 13, 2010

TonK said:
I wouldn't expect the majority of this forum to understand my way of thinking on the matter.

If you can afford the thousands of dollars in games, movies, computers, phones, clothes, cars ect... living with your parents, then you can move out and learn to live a simple life without all of the extras.

There are so many people with vast collections of games, expensive cars, top of the line clothes and other shit, but are always broke...

And they live with their parents.

I'm not saying that living with your parents is a basd thing - and maybe your case is different - but when I see shit like this, I cringe.

I was brought up differently I guess...

I know a lot of people on here that have moved out early and are doing fine.

It depends on the situation, but there are plenty of totally pathetic moocher types who contribute nothing or do any work. I'm sort of the guy who gets stuck doing construction/grunt work. I am all about DIY. I've been making a entirely new room lately with huge upgrades, tiled the floor, busting my ass for the last two weeks on that on my vacation. A little each day. When I'm not busy with college and I get vacation time man, I cherish that shit.

To make a point, its good to invest in things. Since I handle the grunt work, its built a good chunk of character.

I spent today tiling actually..

I've learned a lot of trade after going through a lot of experience, and there is nothing more rewarding then busting my ass on that shit and spending time with my girl right after. My hands are a bit sore from today alone, but going that extra mile to getting shit just right is very rewarding. I was raised by very cheap people, so my values won't be the same as others. I actually am sort of happy I was, because I appreciate things more. The downside is seeing more pride in small time ventures.

The advice I give isn't some douche bag shit really, I am part of the problem of what people get stuck paying up to, and I truly believe to live a life that you can have some true independence, you wanna stay as far away from landlords and investor types as possible. They will cripple you financially when a lot of time has passed, and you will fill their coffirs while being left high and dry with money that could have been better maintained. In a way I am sort of warning people what to watch out for, because I am the their enemy in terms of business procedure.

That's like giving someone free money, you not only give the person monthly rent, you allow that person to pay off that property and create a monopoly. Like right now, the goal is a low level house people can make turn key. Basically, something for 35-59 thousand, get it in a crummy area, clean it up. Put a down payment of 7 thousand on that, then I do my repair work to make it rent-able as fast as possible. Someone rents it, and then that house pays itself off. The renter shits out, I go back up and do more work for the next ones. Even not paying itself off quickly, its a positive cash flow of like 200$ monthly to do nothing but sit on my ass and have the money roll in. House payments are 300, if I am netting 550, I can jerk off with that extra 250. Eat at my favorite pizza joints constantly, or just have months where I wanna cut the house payment down a lot and unload the whole thing. The goal is those properties to be fully paid off on the renters hard money, then when they are, its purely positive cash flow, and the end game is not even having to work or retire early. I'm the type who goes nuts with free time, so even with that insurance factor, it wouldn't be a fulfilling life for me personally.

BTW, me and mike are cool, I wouldnt consider it a fight, and debates are totally fine.

Poonman · Jul 13, 2010

Greg, you're just waiting to die.

You're not fucked because of the economy, you're fucked because you're undateable. You can't date cause you live with the 'rents and you live with them because you can't meet a woman and build a life together with her.

And don't get me started on your social ineptitude and thinly veiled contempt for black males (and their perceived success with women you consider attractive).

By the time you figure it out it's gonna be too late, motherfucker!

All that free time could be spent at a gym, and disposable income on things that attract females (cars, clothes, shiny watches etc). Get a fucking makeover or something...take a chance on yourself. CHRIST.

Instead you're sitting at home burning the enamel off your teeth, sipping through tins of pop like a jackass. Why's that shit even in your household??
Your mother is sick, man! Aluminum and aspartame....great ways to grow some tumors, tax the liver and weaken the immune system.

Fuck, man....

rarehero · Jul 13, 2010

Lord Wolfgang Krauser said:
It depends on the situation, but there are plenty of totally pathetic moocher types who contribute nothing or do any work. I'm sort of the guy who gets stuck doing construction/grunt work. I am all about DIY. I've been making a entirely new room lately with huge upgrades, tiled the floor, busting my ass for the last two weeks on that on my vacation. A little each day. When I'm not busy with college and I get vacation time man, I cherish that shit.

To make a point, its good to invest in things. Since I handle the grunt work, its built a good chunk of character.

I spent today tiling actually..

I've learned a lot of trade after going through a lot of experience, and there is nothing more rewarding then busting my ass on that shit and spending time with my girl right after. My hands are a bit sore from today alone, but going that extra mile to getting shit just right is very rewarding. I was raised by very cheap people, so my values won't be the same as others. I actually am sort of happy I was, because I appreciate things more. The downside is seeing more pride in small time ventures.

The advice I give isn't some douche bag shit really, I am part of the problem of what people get stuck paying up to, and I truly believe to live a life that you can have some true independence, you wanna stay as far away from landlords and investor types as possible. They will cripple you financially when a lot of time has passed, and you will fill their coffirs while being left high and dry with money that could have been better maintained. In a way I am sort of warning people what to watch out for, because I am the their enemy in terms of business procedure.

That's like giving someone free money, you not only give the person monthly rent, you allow that person to pay off that property and create a monopoly. Like right now, the goal is a low level house people can make turn key. Basically, something for 35-59 thousand, get it in a crummy area, clean it up. Put a down payment of 7 thousand on that, then I do my repair work to make it rent-able as fast as possible. Someone rents it, and then that house pays itself off. The renter shits out, I go back up and do more work for the next ones. Even not paying itself off quickly, its a positive cash flow of like 200$ monthly to do nothing but sit on my ass and have the money roll in. House payments are 300, if I am netting 550, I can jerk off with that extra 250. Eat at my favorite pizza joints constantly, or just have months where I wanna cut the house payment down a lot and unload the whole thing. The goal is those properties to be fully paid off on the renters hard money, then when they are, its purely positive cash flow, and the end game is not even having to work or retire early. I'm the type who goes nuts with free time, so even with that insurance factor, it wouldn't be a fulfilling life for me personally.

BTW, me and mike are cool, I wouldnt consider it a fight, and debates are totally fine.

my folks have rented houses to folks.
it's hard to find good renters that won't destroy your house, that will pay on time,
and well, will leave on good terms.
but you have a point.
it makes absolutely no sense to rent unless you just can't afford to do the payments on a house.
which is fairly difficult and usually demands two incomes.
I'm working out getting a house, but I've gotta admit, it's not easy.
It helps that I don't have any expenses or debt.
I'm putting away a lot of money every month in prep for it.
but I'm planning to have this paid off in under 8-9 years.

anyways.
as for greg.
just like tonk said.
man up.
have some goals and beat the hell out of the ground stomping your feet getting there.
spoons poke was funny,
but you don't have to go out and buy cars and fancy shit for girls to like you greg.
but you sure as shit don't meet anyone staying at home with your parents posting on the internet.

HeartlessNinny · Jul 13, 2010

Spoon said:
Greg, you're just waiting to die.

You're not fucked because of the economy, you're fucked because you're undateable. You can't date cause you live with the 'rents and you live with them because you can't meet a woman and build a life together with her.

And don't get me started on your social ineptitude and thinly veiled contempt for black males (and their perceived success with women you consider attractive).

By the time you figure it out it's gonna be too late, motherfucker!

All that free time could be spent at a gym, and disposable income on things that attract females (cars, clothes, shiny watches etc). Get a fucking makeover or something...take a chance on yourself. CHRIST.

Instead you're sitting at home burning the enamel off your teeth, sipping through tins of pop like a jackass. Why's that shit even in your household??
Your mother is sick, man! Aluminum and aspartame....great ways to grow some tumors, tax the liver and weaken the immune system.

Fuck, man....

I've said this before, but I don't always agree with you, Spoon (kudos on the name change, by the way). But goddammit if posts like this don't make me respect you. :buttrock:

Fucking spot on.

Of course, Greg will never see my adulations for you, because I'm on his ignore list. :lolz:

Better yet, he probably won't admit it! Hilarious! :lolz:

P.S. How self-congratulatory do you think Greg was, coming up with the title to this thread? I bet he thought, "This will show them!"

djdelly · Jul 14, 2010

Spoon pretty much nailed it....

Greg,

I have plenty of friends that live with their parents, but none of them seem to treat it the same way you do... stop trying to Justify it with "see like almost 20% of the people in the US had to move in with their parents due to the economy... so I'm like cutting edge and cool right?"

BTW I rent .... I have plenty good reasons to be renting right now... one being there is no way in hell i'm buying a place in FL when I hate the state as much as I do. I do not want to be tied down to anything while I'm in FL. I want the option to pick and move as soon as the option arrives. I'm also not living above my means and I am setting aside plenty of money into savings. For me a house would only add more hassle than anything.

LWK · Jul 14, 2010

If you need to justify living with parents, then try and contribute more to the situation so you won't feel bad. Its all about earning your keep, and self respect follows by doing that. Even the simple stuff helps because it shows sincerity and a respect to be set up. Its annoying how entitled people are. That one aspect is the absolute worst thing about modern youth today.

djdelly · Jul 14, 2010

two other things that bother me...

gas prices are lower now then they were when the spill started.

and you're 34 now greg.... 34.

jro · Jul 14, 2010

I really need Don Draper to put some music to the title of this thread.

LoneSage · Jul 14, 2010

Spoon said:
you're fucked because you're undateable. You can't date cause you live with the 'rents and you live with them because you can't meet a woman and build a life together with her.

it's a vicious cycle

ki_atsushi · Jul 14, 2010

Spoon said:
By the time you figure it out it's gonna be too late, motherfucker!

Quote of the year.

Darren870 · Jul 14, 2010

I might have to live with my Mom or Dad when I move back to the states from London (here for work). Whenever that is....

I was thinking a month or two, just so I can get a good chunk of rent free money and not have to dip into my savings.

I am dreading that though...I don't even think I could do 2+ weeks.

I am 25 also...

GregN · Jul 14, 2010

LWK made some good points.

And all this shit about being a manie man and paying your way is laughable.

Most of you would be out on the street if you're wife/gf didn't help pay for things. I don't see how that's any different.

I still think rent is a waste of money.

I'm not undateable - I just put 0 effort into it. And it takes a shitload of effort. I'm not a pretty boy like some of you, that doesn't help.
You either have to be really good at first impressions, get introduced by a friend, or be an asshole, and I am none of those.

And I've lived on my own before and have had an apt.

I'm stuck for at least 2-3 more years until the economy gets better anyway.

Edit: This should be in Detroit.

BTW I rent .... I have plenty good reasons to be renting right now... one being there is no way in hell i'm buying a place in FL when I hate the state as much as I do. I do not want to be tied down to anything while I'm in FL. I want the option to pick and move as soon as the option arrives. I'm also not living above my means and I am setting aside plenty of money into savings. For me a house would only add more hassle than anything.

Maybe if you made it through college you could get a job in a place that isn't in margarittaville.

OMFG · Jul 14, 2010

I can understand staying with parents due to financial hardships in the short term, but I hope you're kicking some money upstairs to them while you live there. As for the whole 'rent is a waste' statement, there are plenty of reasons to rent a place of your own. You really can't put a price on independence once you're out of a financial slump.

GregN · Jul 14, 2010

OMFG said:
I can understand staying with parents due to financial hardships in the short term, but I hope you're kicking some money upstairs to them while you live there. As for the whole 'rent is a waste' statement, there are plenty of reasons to rent a place of your own. You really can't put a price on independence once you're out of a financial slump.

I help with groceries and the Internet bill.

My Dad always refuses, says "put it away toward buying a house"

Not that he really needs help anyway, he's set pretty comfortably with a govt. pension and investments.

Working for the govt. isn't all bad - you get paid less, but the pension makes up for it. My Dad's doing good, and Jro can afford to buy every new game that comes out.

As far as independence goes - I'm 50/50 on it. 50% of the time it's nice, but it's nice to have people around all the time.

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