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Re:Percentage of Young Americans Living with Parents Rises t... by pjdemers on Wednesday December 21, 2016 @11:45PM (#13234889)
By the time the young adults of today are too old to work, they will have long since inherited their parent's house. I would bet in 25 years when 10,000 baby boomers are dying every day, housing prices will be in free fall. So many of today's young adults will pay little, if anything, for the house they retire in.
Re:Percentage of Young Americans Living with Parents Rises t... by astronautjones on Thursday December 22, 2016 @02:13AM (#13235500)
Speaking as a younger person, I have and will have no interest in living in a rural suburb with no jobs. I'll have to sell, and when that time comes it won't be for much. The reverse white flight into cities is going to wreak havoc on this country.
Re:Percentage of Young Americans Living with Parents Rises t... by lucker on Thursday December 22, 2016 @04:01AM (#13235937)
Out of curiosity — how would you feel about a rural suburb if you could work remotely from it and make the same money that you could make in a big city? What other things would you need the rural suburb to provide if employment wasn't an issue?
Re:Percentage of Young Americans Living with Parents Rises t... by eropple on Thursday December 22, 2016 @04:28AM (#13236049)
For me, it would need to not be rural or a suburb to provide what I desire out of life. I want to be near things. There is a life to urban communities that does not exist in rural or suburban places (and I grew up in both) that I don't think I would want to live without. Being in places where it's a half-mile walk to things I want to do is an unmitigated good for me and there is nothing a suburb or rural area can do to replace that.

Remote work from home, where you are ensconced in your isolation box, is gross, too; as a consultant, I have a home office and I spend most of my time out of it.

(Mind, I have considered buying something in a rural area--but that's effectively a retreat, not a home. Homes are a by-and-large a pipe dream for people who are under 30 right now unless they want crushing commutes or nothingvilles.)

Re:Percentage of Young Americans Living with Parents Rises t... by lucker on Thursday December 22, 2016 @05:37AM (#13236321)
I have the opposite dream right now: I've spent almost my entire life in large cities and now that I'm in my thirties, finally have a career going, and am no longer obsessed with my sex life, I'm longing to move out of the city and somewhere a bit more suburban. I don't want kids or a wife — I just want space to be able to walk around half naked if I want to, sing at 4 in the morning if I feel like it, and indulge my own weird rhythms. I'm a software developer, and my company actually allows me to work remotely, so I'm seriously considering making the move. I seem to become more productive when I have more space, so even from a productivity standpoint the idea probably makes sense.

I actually love going on long walks, so the thought of walking a half hour to buy groceries if I don't buy a car seems ok.

I've spent the last decade or so in San Francisco, and none of the local scenes really attract me. There used to be some cool artists around, but a lot of them got priced out. Maybe some other city has a more thriving cultural life, but San Francisco's isn't doing anything for me. I just have to figure out where to move.

Well, I hope that we both manage to figure out a way of life that is good for us.

Re:Percentage of Young Americans Living with Parents Rises t... by eropple on Thursday December 22, 2016 @03:18PM (#13240025)
> I just want space to be able to walk around half naked if I want to, sing at 4 in the morning if I feel like it, and indulge my own weird rhythms.

What you're describing in terms of collapsibility, zero space, and cultural lifelessness is why I have avoided San Francisco like the plague, but San Francisco isn't like most urban areas--when asked why I refused a job with a startup out there I responded with something very similar to what you're saying here. =) I live in the Boston area; the city I live in is on the subway line, but isn't Boston proper.

I live on the top floor of an apartment building; my place is about 1200 square feet. I regularly sleep an off-kilter schedule. My neighbors like me, and me being up at 3AM doesn't seem to bother the downstairs neighbors seeing as how we hang out once a week or so.

Rural areas are fine if that's your thing, don't get me wrong. But there's a lot that you can't get in those areas (and I've spent plenty of time in them) at all.

Re:Percentage of Young Americans Living with Parents Rises t... by Frondo on Thursday December 22, 2016 @04:39AM (#13236088)
Three weeks ago I moved from a suburb-ish type neighborhood (not much walkable) to a urban-ish type neighborhood (nice grocery store 10 minutes walk away, bars 2, 5, 15 minutes away, pet store one block away).

I too work from home, and the difference is so stark, I can't imagine ever living in a less dense neighborhood again. I haven't gotten in my car in a week. Not going back.

Re:Percentage of Young Americans Living with Parents Rises t... by Merad on Thursday December 22, 2016 @09:16AM (#13237351)
Speaking as someone in their early 30s, I heard the same story from many of my peers... peers who are now living in the suburbs with their spouse and 2.5 kids. Youth seeking out the cities for opportunities and entertainment is hardly a new phenomenon. But, it certainly seems that for many people either age or the desire to have a family makes city life a lot less appealing.
Re:Percentage of Young Americans Living with Parents Rises t... by ryandrake on Thursday December 22, 2016 @01:16AM (#13235282)
Thanks to reverse mortgages, I doubt there will be a massive housing transfer when the boomers die out. Boomers in general will outlive their retirement savings and all that will be left is their home equity. We'll see tons of bank-owned homes but today's young adults still won't be able to afford them.
Re:Percentage of Young Americans Living with Parents Rises t... by shostack on Thursday December 22, 2016 @02:58AM (#13235710)
And I wonder if they will be sold by banks or merely rented out and packaged as collateralized investments.
Re:Percentage of Young Americans Living with Parents Rises t... by afarrell on Thursday December 22, 2016 @06:01AM (#13236446)
They will probably be sold to rental management companies (of which there will be a whole bunch) or like liquid-property-investment startups like https://bricklane.com/
Re:Percentage of Young Americans Living with Parents Rises t... by resolaibohp on Thursday December 22, 2016 @11:09AM (#13238166)
This will be a bigger problem in the near future. I keep seeing advertisements for property investments along the lines of the company you linked. Everyone thinks that housing is an investment and a way to make money. This has and will continue to drive up prices.
Re:Percentage of Young Americans Living with Parents Rises t... by afarrell on Friday December 23, 2016 @12:45PM (#13246042)
Why would it drive up rents? If people invest in properties to then let/rent them out, then there will be more homes on the rental market. The thing that will prevent this is if there are laws preventing new construction?

The thing that prevents new construction in many areas is laws designed to "preserve the character of the neighborhood". Homeowners/investors have an incentive to push for these laws to keep housing prices high. However, if they actually own a diversified asset that can grow with new construction by adding new properties, then that incentive is reduced.

Re:Percentage of Young Americans Living with Parents Rises t... by distances on Thursday December 22, 2016 @02:29AM (#13235560)
Perhaps for a single kid whose parents live in a reasonably sized city. Multiple siblings / rural house / rented city apartment? Not so much.