For a hard working, non college person, it used to look like this:
"Started working at age 10 and moved out at age 17. Bought first house at age 19 and then paid off my parents house at age 21. Anything else = failure"
Now it looks like this:
"Went to a "real" college and now have dept payments that should be my mortgage payment. 5 years later I can barely afford a shitty, tiny house built in 1920 in LA near my job...making 120k"
So no, living at home at any age is a GOOD thing. Pretty soon people may not have a place to call home since parent's who own homes are going out of style quick.
I'm closing escrow in a couple weeks for my first house. I'm 35. Its small and expensive as fuck. Pike me in the ass can. And no, I don't make 120k. That was a hypothetical successful person, which I am not. No difference though as we're both broke in todays world anyway living in LA.
Your problem is you take every post personally and don't see the bigger picture.
If you can't understand how two incomes are better than a single income in a single household, then I am not sure what to tell you.
If you can save 95% of your income, while living on your own and actually living a real life then this kind of thing probably does not apply to you.
In the event I found someone with an income better than mine, but realistically that would mean a sugarmomma situation which I wouldn't be into. Splitting rent would still be roughly $10,000 a year, other expenses (food, car insurance, etc) would easily add a few thousand more. And of course, that still assumes that I were to find one with similar (inexpensive) interests as myself, which is very unlikely.
Living at home at 33 yo with a 120k income is a joke, regardless of your Debt. I moved out at 25 which is pretty late imo, but only because it was just my father living in the house and he wasn't there half the time so we kinda just split it. Apartments are cheap, if you have a SO thats working as well you can most certainly afford rent.
I have friends that are 25+ that live at home and still haven't even told their parents about their girlfriends/boyfriends... its ridiculous. they really sit at a dinner table at nearly 30 years old and have dinner with their parents and younger siblings like its still high school.
33 is like... George Costanza status.
that's debatable and very dependent on where you live
currently in bumblefuck NY where I live, rent on someplace nice is 2-3x more expansive then buying a house. assuming you have the down payment
Well then that just means you have an issue with not being the 'man'.
Just because someone makes more or less doesn't mean everything still gets shared equally.
It's a personal preference, throughout my life most of my spouses/SO's have made less than 1/2 what I have made. Usually closer to 1/3.
$10,000 for rent per year is EXTREMELY cheap. My rent for a simple apartment was $1200-1500 20 years ago. My last rental was a sell at $500, but terribly small (500 sq ft).
You have extremely low expenses it seems and that's very uncommon. For most just car insurance is a few thousand, even a basic car payment $2000-3000 per year. Gas/etc...
Why would rent be 2x-3x a mortgage? Also I'm talkin 1-2 bedroom apartments here... which is still better than living with your parents at 30+ even if they have an amazing house.
Living at home at 33 yo with a 120k income is a joke, regardless of your Debt. I moved out at 25 which is pretty late imo, but only because it was just my father living in the house and he wasn't there half the time so we kinda just split it. Apartments are cheap, if you have a SO thats working as well you can most certainly afford rent.
I have friends that are 25+ that live at home and still haven't even told their parents about their girlfriends/boyfriends... its ridiculous. they really sit at a dinner table at nearly 30 years old and have dinner with their parents and younger siblings like its still high school.
33 is like... George Costanza status.
And you must live in the sticks. A single bedroom apartment in a bad neighborhood around here goes for $1,500.00/mo. If you want a 2 bedroom in a neighborhood where you aren't likely to get shot walking to your car, that's about $2,200.00/mo. MIN.
Why would rent be 2x-3x a mortgage? Also I'm talkin 1-2 bedroom apartments here... which is still better than living with your parents at 30+ even if they have an amazing house.
I don't think there's any shame in living at home as long as you want, provided you have a decent relationship with your parents, some degree of autonomy and are actively contributing by working and maintaining the household as necessary. If you're a grown man and you're still acting like you're 12, with your mommy doing your laundry and making all your meals, OK, you should feel embarrassed by that; learn how to take care of yourself or the world is going to eat you alive. But if you're working and paying rent, and you just happen to be living at home, that's fine. It's a great way to save up some money for a down-payment on your own place, and there's no shame in fiscal responsibility.
I don't think there's any shame in living at home as long as you want, provided you have a decent relationship with your parents, some degree of autonomy and are actively contributing by working and maintaining the household as necessary. If you're a grown man and you're still acting like you're 12, with your mommy doing your laundry and making all your meals, OK, you should feel embarrassed by that; learn how to take care of yourself or the world is going to eat you alive. But if you're working and paying rent, and you just happen to be living at home, that's fine. It's a great way to save up some money for a down-payment on your own place, and there's no shame in fiscal responsibility.
This.
I graduated high school in 2006, went straight to college. I moved out at 18, moved back in with parents for a couple months at 20 until I found another house to rent, and haven't been back since. Sure, its tough out there, but finding a part-time job to pay rent isn't hard to come by.
Oh, and my college(s) were 30 minutes from my parent's house. I still felt I should be out on my own.
Why would rent be 2x-3x a mortgage? Also I'm talkin 1-2 bedroom apartments here... which is still better than living with your parents at 30+ even if they have an amazing house.
And you must live in the sticks. A single bedroom apartment in a bad neighborhood around here goes for $1,500.00/mo. If you want a 2 bedroom in a neighborhood where you aren't likely to get shot walking to your car, that's about $2,200.00/mo. MIN.
So, if you have a family of 4 living around LA, then you need about 80k/yr to survive in a 2 bedroom apartment. Good luck.
I have heard of business owners in other states wanting to move to LA proper and buy a decent house comparable to their modest home in their current state. They make an average of 500k/yr and they couldn't afford to move. The houses they wanted (nothing amazing really) were like 5 million and taxes would have murdered them if the thugs didn't get them first.