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> What are you going to do about it? Have lots of kids and encourage them not to move so that there is a large support structure in place foe their children an
by mjh2539 7y ago
> What are you going to do about it?
Have lots of kids and encourage them not to move so that there is a large support structure in place foe their children and their children's children.
- bradlys 7y agoUnless you have riches beyond imagination - this is not feasible in a modern economy... My SO is a prime example of this. She grew up in the bay area but she herself could never afford a home here cause homes be $2m now. Her parents never bought a home - so she will never inherit a fortune either. Even if they did - she wouldn't inherit it until they were dead (and thus unable to help take care of the children). So, she's either going to be unable to afford childcare (cause parents dead) or be unable to afford the house (cause parents alive) - likely unable to afford either (cause really she ain't ever gonna make enough either way).
- awad 7y agoIt's not very popular in the US but multi-generational housing has existed for thousands of years in other parts of the world and solves for this, even while renting.
- bradlys 7y agoI don't think it "solves for this"... Those types of units are not cheap where I am and they're rare. It's not like you spend $100-200k and suddenly you have a suitable multi-generational home. Where I am - it's going to be at least $1m-2m extra. The kids can't afford that in a mortgage - let alone cash that a remodel would require.
- deleted 7y ago[deleted]
- awad 7y agoSure it does. It just might not work for you. I can certainly respect that everyone's situation is different but I do think your original comment is highly Bay Area biased. There are plenty of other (better IMO) areas that are more affordable, including New York.