More Young Adults Live With Parents Than Not—for the First Time in 130 Years

[mcdivit85]

I'd rather own period. if you like having a landlord who can come up in your spot at will, tell u to turn down ur music, and you have to ask permission to make any minor change, so be it.

I feel you, breh. Nothing wrong with owning a house...but if you still pay a mortgage, then you don't own it. And we both know that. It's not yours until you have the title in your hand and you no longer owe the bank.

But none of the examples you gave are outside the realm of being a homeowner either. Including someone complaining about you playing your music too loud or needing permission to make minor and/or large changes to your house i.e. the example I gave above.

People just need to stop with the whole "I live at home because I'd rather stack to buy a house than rent." Well, unless they're walking out with a couple hundred stacks, then they're going to be renting until that mortgage and interest is paid off. And that won't be for another 30 years.

Rent - pay rent to landlord

Mortgage - pay rent to bank...whose the landlord until the mortgage is paid off...30 years from now

Peace

 

[Dolla$]

I feel you, breh. Nothing wrong with owning a house...but if you still pay a mortgage, then you don't own it. And we both know that. It's not yours until you have the title in your hand and you no longer owe the bank.

But none of the examples you gave are outside the realm of being a homeowner either. Including someone complaining about you playing your music too loud or needing permission to make minor and/or large changes to your house i.e. the example I gave above.

People just need to stop with the whole "I live at home because I'd rather stack to buy a house than rent." Well, unless they're walking out with a couple hundred stacks, then they're going to be renting until that mortgage and interest is paid off. And that won't be for another 30 years.

Rent - pay rent to landlord

Mortgage - pay rent to bank...whose the landlord until the mortgage is paid off...30 years from now

Peace

Do you know what equity is?

And please don't put mortgage and rent in the same sentence, people might think you're foolish.

You are winning at life if you own property ESPECIALLY if you own a 2 family. Yeah you pay a mortgage but you can charge more than what the mortgage is and make some bread on top. Stop with the smart/dumb nikka logics.

 

[DrHackenbush]

At least if you have a mortgage and pay it off you have something you can pass along to the future generations..In most cases a mortgage works out much cheaper per month than rent does. Rent that out and let the tenants cover the mortgage and make a little money on top. Property values may slip here and there but in the larger scheme of things they'll always go up.
What happens if you're renting and something happens to you? You lose your job or are in an accident where you cant work? Stop paying rent and your landlord will throw your shyt out into the street

 

[mcdivit85]

Equity as in being able to use it as an indicator of how much rent you've paid to the bank on the mortgage note? Ok, you have equity. But you don't have the house. Doesn't change my point.

Again, stop paying the rent, I mean mortgage, and see how much the bank cares about that equity.

Also, what happens to people when the market value of their home drops? Equity = Market Value - Mortgage Balance. So, as many people experienced, equity is no sure fire thing. Many people went upside down and lost all that prized equity you speak of.

How many people own a two family home? How many people even own a rental property?

We both know that's a rarity, so why would you use that to weaken your already weak point? I think you should take your own advice about the smart/dumb sh#t.

Again, I have no problem with people having lease to own agreements with banks(mortgages). But we've got 30 year old dudes living with mommy using that excuse to not move out and be an adult. If you've been living at home your whole life and you don't have money for a house by 30, then you're just a bum. Aint taking no talk back.

Peace

 

[who_better_than_me]

Its hard. I been out on my for the last 7 years. Once i broke up with girl i pleaded with her to work it out but ahe wasnt hearing so i oeft ger the place and car and nkw im back at my fams house. I knew once i was back it was goin be hard to get back out oj my own again but i will. Im working 70+ hour a week to ensure it. I refuse to stay at my fam house for long. You deprive yourself of a lot of grown man shyt living under aomebodybeose roof. I dont feel good bringing a date back to my fam house to chill in my "room". I cant host cards night here anymore. I refuse to get comfortable/contempt in this situation. I dont have a tv or radio in my room or even a dresser cuz i dont want to even think about getting comfortable.

 

[Reginald Noble]

Its hard. I been out on my for the last 7 years. Once i broke up with girl i pleaded with her to work it out but ahe wasnt hearing so i oeft ger the place and car and nkw im back at my fams house. I knew once i was back it was goin be hard to get back out oj my own again but i will. Im working 70+ hour a week to ensure it. I refuse to stay at my fam house for long. You deprive yourself of a lot of grown man shyt living under aomebodybeose roof. I dont feel good bringing a date back to my fam house to chill in my "room". I cant host cards night here anymore. I refuse to get comfortable/contempt in this situation. I dont have a tv or radio in my room or even a dresser cuz i dont want to even think about getting comfortable.

You shouldn't have been dependent on a Woman period. I could understand if you are in NYC where we have astronomical cost of living and living alone is often cost prohibitive. But other parts of the country it's fairly easy to stash an emergency fund where you could have gotten a sublet quickly or stayed in a motel until you got your shyt together and found a new place. And even then you should have a brehs couch you can sleep on for a few nights until you get it together.

You shouldn't have to work 70 hours a week. If you don't have a degree then work towards getting certified in a trade, even HVAC. If you are not getting paid at least 30/hr (for a standard 40 hour work week) in South or Midwest you're doing something wrong and not hustling enough.

 

[DrHackenbush]

Equity as in being able to use it as an indicator of how much rent you've paid to the bank on the mortgage note? Ok, you have equity. But you don't have the house. Doesn't change my point.

Again, stop paying the rent, I mean mortgage, and see how much the bank cares about that equity.

Also, what happens to people when the market value of their home drops? Equity = Market Value - Mortgage Balance. So, as many people experienced, equity is no sure fire thing. Many people went upside down and lost all that prized equity you speak of.

How many people own a two family home? How many people even own a rental property?

We both know that's a rarity, so why would you use that to weaken your already weak point? I think you should take your own advice about the smart/dumb sh#t.

Again, I have no problem with people having lease to own agreements with banks(mortgages). But we've got 30 year old dudes living with mommy using that excuse to not move out and be an adult. If you've been living at home your whole life and you don't have money for a house by 30, then you're just a bum. Aint taking no talk back.

Peace

I've only been at home 6 months or so in 10 years but everyone has their own circumstances man, its not fair to judge everyone like that. But if you are at home you should be contributing something

 

[Reginald Noble]

I've only been at home 6 months or so in 10 years but everyone has their own circumstances man, its not fair to judge everyone like that. But if you are at home you should be contributing something

Americans will ALWAYS judge and that will NEVER change. Accept it.

Don't tell anyone about your situation unless they are willing to help you out financially. If they aren't paying your bills it's none of their business.

 

[DrHackenbush]

Americans will ALWAYS judge and that will NEVER change. Accept it.

Don't tell anyone about your situation unless they are willing to help you out financially. If they aren't paying your bills it's none of their business.

This is true. People always lived by comparison but this generation its even worse with everyone documenting their every move on social media. I dont care about what the next dude's living situation is though to be honest, unless he's asking me for money or he's family then thats on him and a grown man should know himself whats acceptable and isnt

 

[who_better_than_me]

You shouldn't have been dependent on a Woman period. I could understand if you are in NYC where we have astronomical cost of living and living alone is often cost prohibitive. But other parts of the country it's fairly easy to stash an emergency fund where you could have gotten a sublet quickly or stayed in a motel until you got your shyt together and found a new place. And even then you should have a brehs couch you can sleep on for a few nights until you get it together.

You shouldn't have to work 70 hours a week. If you don't have a degree then work towards getting certified in a trade, even HVAC. If you are not getting paid at least 30/hr (for a standard 40 hour work week) in South or Midwest you're doing something wrong and not hustling enough.

I had my own place. We moved in with me and then we had multiple places together. When we broke up, i left her the crib and the car because it gave me piece of mind for her and son to be good. Gotta another car a week l8er. Now working on the crib.


I have a bachelors. Degrees don't mean shyt without the right field.

 

[darealvelle]

I love when this topic comes up. So many failure to launch a## n#ggas on this site

Look, if you're 30 or over and you still live at home, you're a loser. And I'm being very generous here because I think people should be on their own by their mid 20s at the latest. So, in my head, if you're 25 or over and still at home, then you're a loser. But I'll give some leeway.

And when I say that, I mean if you've never moved out. If you've hit a rough patch and moved back home for awhile to get back on your feet, fine. But most people who live at home just moved back home because life is life and they can't handle it. So, they run back home to mommy and daddy to kiss it and make it all better.

Who said life was easy?

Who said a job with a great salary and great benefits was supposed to be waiting on you when you became an adult?

Who said you weren't going to have to work a part-time job to make ends meet?

Who said you weren't going to have to make it work until you made it happen?

Who said you had excuses for living at home at 28 years old with no prospects of moving out and becoming an adult?

The funniest part about this to me is, this is The Coli. Dudes constantly making threads complaining about how women don't respect them. But then, they come into threads like these telling on themselves and letting the world know why they get no respect.

How in the hell can you expect a woman to respect you and follow your lead when you can't even lead yourself out of your mom's house?

How in the hell is a woman going to respect you when you sleep in the same bedroom you were in at 13 years old?

Why in the hell would I, or any other man, want to hear what you have to say after you tell me "I live in my parents' basement"

Some of you are just intellectualizing your failure to make sh#t happen. Some of you are just lazy and unimaginative.

Peace

You have some good points and bad points. But who fukking cares about where someone lays there head at? Sure if a mans trying to get laid that might be a problem if he still at home. But shyt then again getting p*ssy shouldnt even be on a grown man mind if he still at home at the age of 30.

 

[Concerning VIolence]

I love when this topic comes up. So many failure to launch a## n#ggas on this site

Look, if you're 30 or over and you still live at home, you're a loser. And I'm being very generous here because I think people should be on their own by their mid 20s at the latest. So, in my head, if you're 25 or over and still at home, then you're a loser. But I'll give some leeway.

And when I say that, I mean if you've never moved out. If you've hit a rough patch and moved back home for awhile to get back on your feet, fine. But most people who live at home just moved back home because life is life and they can't handle it. So, they run back home to mommy and daddy to kiss it and make it all better.

Who said life was easy?

Who said a job with a great salary and great benefits was supposed to be waiting on you when you became an adult?

Who said you weren't going to have to work a part-time job to make ends meet?

Who said you weren't going to have to make it work until you made it happen?

Who said you had excuses for living at home at 28 years old with no prospects of moving out and becoming an adult?

The funniest part about this to me is, this is The Coli. Dudes constantly making threads complaining about how women don't respect them. But then, they come into threads like these telling on themselves and letting the world know why they get no respect.

How in the hell can you expect a woman to respect you and follow your lead when you can't even lead yourself out of your mom's house?

How in the hell is a woman going to respect you when you sleep in the same bedroom you were in at 13 years old?

Why in the hell would I, or any other man, want to hear what you have to say after you tell me "I live in my parents' basement"

Some of you are just intellectualizing your failure to make sh#t happen. Some of you are just lazy and unimaginative.

Peace

You sound really insecure making this big post.


"In my head, you're a loser"


why should anyone care what you think?

 

[benjamin]

You sound really insecure making this big post.


"In my head, you're a loser"


why should anyone care what you think?

You sound like you still live with mama

Get cho ass outta mama's house so she can have Melvin over to cook sausages buck naked......


Lol nikkas screaming at mom's " DIS GRANDMA'S HOUSE, I AIN'T GOTTA LEAVE THE NEST IF YOU DONT"

 

[dark_magic]

why do you say this?

No one should engage in debt without a mentor less you consign yourself to a lifetime of peonage. If you are buying a home, you should know what you are doing with debt, have a plan b for your debt, and some home repair knowledge.

Also as a young man, you may want to bounce around cities (or the world a bit). I would stick to renting while young. Buying a home and settling down is a older man's game in my opinion.

Now if you are engaging in real estate investing, that is a whole different ball game. Mortgages (leveraging) is part of that game.

 

[FreshFromATL]

There is a house down the street from my apartment that is full of an extended Indian family. The sons are a computer software engineer and a surgeon, and live with their wives and children and also with their parents who both retired with pensions from teaching at the university. The cars they drive fam...all foreign, six figure shyt. House is worth in the half mill range especially in this downtown location

I figure they have been stacking chips for so long....
Im just saying, living together is probably a strategy to get further ahead for some people

The article OP posted clearly isn't talking about this type of situation