Posted on 04/02/2017 7:34:18 AM PDT by george76
Los Angeles rents are some of the worst in the nation, and don't even think about buying a home here. Resourceful millennials have found one solution, though: living at home with mom and dad.
A new analysis of U.S. Census Bureau data for America's largest cities found that 41.5 percent of Greater Los Angeles millennials either still live at home or have moved back in. In the Inland Empire, that figure was 44.5 percent, according to the "Not-So-Empty Nests" report by apartment listing site Abodo.
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Greater L.A., including Orange County, ranked fourth for U.S. metro areas with the largest percentage of people born between 1982 and 2003 who live at home, according to the analysis. L.A. was topped only by Miami (first), the Inland Empire (second) and New York (third). "
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the price of going it alone is so high in the market that millennials would have to spend about 97 percent of their median monthly income ($1,975) just to get into a median-priced, one-bedroom unit in L.A., the site found. Only Washington, D.C., had a higher demand on millennial income (110 percent) for one-bedroom renters
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Many millennials are not only earning less than their parents did as younger adults, but the majority of millennials who pursue college degrees are eventually saddled with an average student loan debt hovering around $30,000
(Excerpt) Read more at laweekly.com ...
It would be interesting to know what the departure of all illegals would do to rents...
Did you read the article? Neither of my oldest kids has a spare $1000 even to share a place with a friend. My kids both work and are good people. One is waiting for his junior transfer university acceptances and then is about to make his decision which university to go to. I’m not raising them any more. But I’m here if they want advice from a parental unit.
Life is short. We take care of each other. No one should hurry to be alone.
Living (by choice) in Mommy’s basement when you’re supposed to be grown up is no longer a sign of an immature loser. Now it’s a sign that you are resourceful.
Prayers for you Suzanne.
As a Blood Cancer Survivor all I can tell you is never give up. Se live in an amazing age of Medical Science.
God Bless.
Are we back to 50 states?
That is a good man you have raised. God bless both of you. What he is doing is the sweetest thing a sick parent could ask for.
Yes, I was fortunate to call my friend many men who owned businesses in Omaha. From the old Image 90 bar, the Drover, the largest paper company in Omaha,a seafood importer, a truck stop owner and multi gas station owner, to a brilliant tax attorney, etc,. I also was friends with an electrician, a man who loaded grain on box cars, etc. I was indeed a lucky man.
We're fighting to get our country back. Have faith - it can happen.
Why should a parent be ashamed of their grown children still living with them?
I lived at home until I got married, at 30.
I had a full time job, my own car, traveled quite a bit, did whatever I wanted to on weekends and took my own vacations.
I also paid my way. Paid room and board, a percentage of my take home pay, did my own laundry, some of my own cooking, helped around the house with house cleaning. I had my own car I paid for everything concerning that. Bought my own clothes, paid for my own extras, paid for my own vacations.
It was a nice business arrangement.
Offspring living at home does not by default mean lazy, irresponsible, a loser, a deadbeat, unmotivated, immature, or whatever people choose to label them as.
God bless you Suzanne. Your arrangement with your son sounds like a blessing to me. I’ll pray for you.
Yes the Democrats will fix it all! Keep voting for them and they will eventually just declare you a ward of the state and put you in free public housing. Everything will be free comrade.
“Offspring living at home does not by default mean lazy, irresponsible, a loser, a deadbeat, unmotivated, immature, or whatever people choose to label them as. “
Maybe not.
But it does mean something is not right.
I am not one to put them on the street when they turn 18. But I am one to put them on notice, they must be self-sufficient by 21 or suffer their fate without me.
“A SPARE $1,000?”
Damn! When I was 17 and out of high school knocking pipe on a drilling rig I was lucky to have a “spare $50.00.” However, I kept myself and wife in a decent place to live and we bought groceries and paid utilities. If we had a little bit left over we would “splurge” and go out and eat a hamburger.
It taught me a very valuable lesson in life “work comes before play.” You might tell your sons they need to lower their level of entertainment and lifestyle until they can afford it. Boy...OH...Boy! How the perception of an adult has changed today. I would be embarrassed to tell others that my little “snowflakes” were too delicate to take any job that pays enough to live on. Oh, I forgot...they are waiting to go to college. How much does that cost?????? I’ll bet they won’t be working their way through college either.
Your son is not a “snowflake” or “slacker.”
He’s been raised right and is not there to take a free ride for the rest of his life. Furthermore, this is an example whereby children (raised correctly) actually give rather than take. Good for both of you.
You are too hostile and insulting to my family, of which you know NOTHING, to deserve a response.
Yes, Trump has given me hope, for sure. But we didn’t get into this mess overnight and won’t get out of it overnight. Imagine if Hillary had won! I shudder at the thought.
In all of your rhetoric I don’t recall you mentioning their DADDY. I have to assume by the post that “daddy” is not home and you have taken it upon yourself to raise them in the kindest, gentlest way so as not to expose them to life as it really is. I don’t know the whole story but I certainly think the story would be different if daddy lived there. Am I right or wrong?
thank you for prayers! i appreciate each and every one.cancer has been my sidekick for a good long while,had my right lung removed last July,talk about taking your breath away! I raised six children and each of them has been my greatest blessings from our heavenly father!
thank you,my children all work and look after family,do not desire kudos and rewards for doing whats right.they know whats needed and just do it.as we all should! today’s world is a sad reflection on parents fed lies by all these liberal lunatics.
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