Friday, August 30, 2013

More young adults live at home

More...not fewer. And they are trying to tell us the recession is over. Maybe on paper--but not in the spare room.

Actually I don't mind the European model--my kid lives here--she likes it--she has her own entrance and chips in for food. She can also scoop me off the floor if I topple over.

Neil Shah, WSJ, Aug 28, 2013, says 13.6% of kids from 25 to 34 live with their parents--this is up from 13.4% in 2011.

Without that $700-$1000 rent payment, they can save money.

Also attitudes are changing. Lennar Homes even sells a NextGen house with a separate unit in it for offspring or parents.

Maybe things are just such a mess that people want to stick together. Who knows. I don't think it's so horrible--what do you think?

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