Skip to comments.What Empty Nest? Weak Economy Means Living at Home ( Failure to Launch )
Posted on 11/29/2012 3:42:21 PM PST by george76
You raise them, you educate them and you expect them to go out into the world. But they keep coming back.
between 2007 and 2011 there was a steady increase in the percentage of adults living in someone elses house and that increase has mostly been driven by adult children moving in with mom and dad.
In 2011, Census Bureau researchers found that 17.9 percent of people 18 and older, or 41.2 million people, lived in a house in which they werent the head of the household or that persons spouse or significant other. Thats up from 16 percent in 2007, before the nation went into recession.
if a significant number of adult children continue to bunk with mom and dad, that could slow the housing industrys recovery because those people wont be out buying or renting homes of their own.
(Excerpt) Read more at cnbc.com ...
I tried to childproof my house, but the kids kept getting back in.....
Then Gov't stepped in and broke the family farm apart with estate taxes, etc.
My idea has been: Buy up about 200 acres, plant your house smack in the middle, with streets going to every childs house, like a square block. Mommy/Daddy live in the largest house, when they die, next oldest or the child with the most kids get he big house, keep moving up like that.
On the perimiter, 20 ft fence/electrified, moat w/crocks, another fence with the meanest dogs you can get. HOME SAFE.
You have only 1 set of farm equiment/mowers etc., several horse/cows. Why are we wasting so much money on everyone have their own mowers?
Or/build your barn first, live in it. All the while you are digging under the barn for your new home. what property tax?
I believe our current mess is not just a financial bubble popping, but a values bubble popping as well. This financial crisis is occuring after the boomer generation rejected "family values," increased divorce in order to "find themselves," which put the majority of women into poverty, tore up the black families, and now white families.
This crisis will end when we learn the lessons of the depression, and start to fix our family problems as well as paying down our credit cards.
Think of the money saved by only having one set of tools, mowers, etc. Grandma home to baby sit, cook and teaching the younguns. Those truly were the good old days, very happy people. The Walton's.
A large contributor to this has been the absolute free-fall in the middle-class birthrate; young people who can’t find decent work aren’t marrying/having children (for that and legal/cultural reasons). This generation of young people will probably never be in the market for a home (after watching what happened to their predecessors, who had the employment thing pulled out from under their feet), so the amnesty will have to be used to get someone in the existing and future homes - not just to buy homes, but to support the “public education industrial complex” and other businesses.
The world is so vastly different now. I was born six days before the D-day invasion of Normandy and by the time I was 23, TWENTY THREE DADGUMMED YEARS OLD FOR CRYIN’ OUT LOUD, I was being asked to my face what was wrong with me! Why was I asked such a rude question? Because I did not already have a wife and children, that’s why! Some people literally acted as though I was breaking some kind of law because I was still single at such an advanced age. Some who were younger than I was even commented that they hoped they wouldn’t be single when they reached twenty three. It seems so unreal looking back but I know damned well it happened, I didn’t imagine it.
I know a lot of single guys, and nobody will ever convince them to marry. I certainly wouldn’t pressure someone to do it, and would warn someone (in a helpful way) about the obstacles they’ll face.
On the flip side, I can’t stand it when Americans (of both genders) complain about the number of foreigners inundating this country; they are being imported to replace the children we won’t produce.