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Basement Dwellers: Living with Mommy and Daddy is now the most common arrangement for Millennials
Ms Sans Serif
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[quote:Sungaze_At_Dawn:MV8zMTgyOTk4XzU2ODY1MDE5XzkzNjc4OTVG] [quote:Anonymous Coward 22500533:MV8zMTgyOTk4XzU2ODY0NTgxX0YyMDkxRkFB] [quote:Sungaze_At_Dawn:MV8zMTgyOTk4XzU2ODY0MjYwXzFFQzIxNDM3] No doubt, with apartments renting at 1000 and houses renting at 1700 a month, families stick together. Working or non working, no one can pay those rents, live with any dignity, eat well, pay their bills or have the hope of saving up for even a fifth wheel to live in let alone land of their own. Until people start to oppose these trends and demand price control like Norway, and have land and homes for all and all necessities kept low, rent/mortgage payments coupled with utility bill should not be more than 1/4 your income. Oh, forgot, Fortis Electric and Fortis Gas, here in the interior of BC charges payments of between 400-600 a month for utilities in Canada. Unbelievable what our governments are doing! Anyone not pooling their money and protecting their families is insane. [/quote] I agree with your overall feeling but I think rent control is the wrong way to go about this except in very rare situations where there is observed to be a monopoly or cartel among rental owners because rent control has a long track record of only creating its own set of problems. To attack the problem at the root would be to simply increase the supply of housing. The battleground on which to fight for this is in reform of local zoning ordinances. Most zoning, at least in my area, is so restrictive that it artificially limits the amount of housing available. Of course most property owners would likely hate this, but they would hate rent control too. [/quote] We need to fix essential prices. This is a monied world, I prefer Venus Project style. The reason that Norway had the highest standard of living is this: their basic taxes were like ours, except for sales tax. but as that is mainly on luxury items, people who wanted them paid that tax. they control their essential prices of rent/ownership and utilities plus food. The reports on that country were that after tax dollar they had more money to spend in their towns and economies, ie more local businesses and crafters were frequented. The economy flourishes! Its a very good model! [/quote]
For the first time on record, living with parents is now the most common arrangement for people ages 18 to 34, an analysis of census data by the Pew Research Center has found.
Nearly one-third of millennials live with their parents, slightly more than the proportion who live with a spouse or partner. It's the first time that living at home has outpaced living with a spouse for this age group since such record-keeping began in 1880.
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