Why 2014 Marked a Historic Shift in Housing Arrangements

[boutons_deux]

For the first time since the 1880s, more young Americans are living with their parents than with a romantic partner.

a historic share of 18- to 34-year-olds are relying on the most affordable housing strategy of all: their parents’ house.

http://www.citylab.com/housing/2016/05/pew-young-adults-parents-housing/483995/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheAtlanticCities+%28CityLab% 29

[CosmicCowboy]

FWIW new home sales are booming. Highest level since 2008.

[boutons_deux]

FWIW new home sales are booming. Highest level since 2008.

and out of reach of 18-34 generation.

and rents are way up, too.

http://res.cloudinary.com/apartment-list/image/upload/c_scale,w_1000/v1461800286/National_line_chart_o9ozus.png
https://www.apartmentlist.com/rentonomics/national-rent-data/

[CosmicCowboy]

Yeah, somewhat driven by foreign investors.

[boutons_deux]

Yeah, somewhat driven by foreign investors.

yep, foreigners, even Americans, through shell companies of shell companies of shell companies buy property to stash the money, legal or illegal, and speculative gains outside of the banking system.

[CosmicCowboy]

:lmao

Bookaki always looking for something nefarious. Simple real estate investments are evil to him.

[CosmicCowboy]

Trust me boo...by the time us evil investors pay property tax and maintenance plus the time value of money we aren't getting rich on our real estate investments.

[Nbadan]

Trust me boo...by the time us evil investors pay property tax and maintenance plus the time value of money we aren't getting rich on our real estate investments.

That's not the game investors are playing....investors are buying and renting....raising home prices for families...

[Ginobilly]

There's a number of reasons:
1. Good middle class jobs are hard to come by: How the heck are you going to move out on your own and raise a family if after 2/4 years of college all you find are 7.25-10.00 hr jobs :lol I know a couple of buddies that graduated with nursing and accounting degrees and they still haven't found jobs after two years of graduating. One works at cricket and the other at target.

2. outsourcing manufacturing jobs overseas: Long gone are the days when you make a decent living and buy an affordable house with a non-college edu.

3. Illegal immigrants and the welfare generation gaming the system: There's a shitload of people that are prospering off the back of others. I see(I work in the trades and do service calls so I know) these people getting housing, reduced utility bills, shitload of foodstamps due to 10 million kids, Boyfriend just works a shitty staffing job( sometimes) and sells drugs on the side, while mami just stays home and smokes weed all day.:lol Most of these people have new cars every year due to all income tax money. This shit is unsustainable and will sooner or later come crashing down when they run out of others peoples money.

4. No new job creation: I own a small business that I inherited(I'm blessed) from my grandfather and I get a shitload of calls when I post that I need help on craiglist. There's a lot young men suffering with no jobs/underemployed all over the U.S. I've had people that called me and told me that they'll work for tacos:wow

5. Shitty Divorce and family laws against men: :bang

The economy is shitty. I or my family don't really feel it because we're blessed with an established small business but I know that others do. The only people that don't feel anything are the top 10% of San Antonio. Those mf's still shop at HEB central market, buy their kids new cars, and take expensive trips to Europe. They live in their own bubble.

I remember that 10/12 years ago(when I got my first job), the economy was more booming that it is now: Restaurants were packed almost the whole week(riverwalk esp, now it only gets packed on the weekends and special holidays), lot's more available 10-20 dollar an hour jobs, Strip clubs were more packed throughout the week( I used to hit up a strip club in the ss back in the day and now they only open up one day now), Nuevo Laredo was badass and safer back in the day for American Teens to visit and get fucked up. Now new lardo looks like North Korea after 9pm. There's a lot more people in San Antonio and more welfare nowadays but less real money flowing around.

[boutons_deux]

we aren't getting rich on our real estate investments.

You're a whining little bitch who whimpers because he's shitty investor.

[CosmicCowboy]

You're a whining little bitch who whimpers because he's shitty investor.

:lmao

You are an idiot.

[CosmicCowboy]

That's not the game investors are playing....investors are buying and renting....raising home prices for families...

Are you advocating they rent these units at a loss? Why do you people think a little return on investment is evil?