5 ms·

I wondering isn't possible for that person to move temporarily to his parent's home? Before attacking me - i live in Southern Europe and most of children's her

I wondering isn't possible for that person to move temporarily to his parent's home? Before attacking me - i live in Southern Europe and most of children's here still living with parents or grandparents. I even know a house nearby where there are living 4 generations in one house.

mmierz 2y ago
This is addressed in the article
infecto 2y ago
"...and my parents, who live nearby, would have gladly taken me in. But I wanted to treat this period as a challenge, to prove to myself that I could accomplish hard things. Around that time, I was following a YouTuber.." He artificially induced the situation.
- 3D30497420 2y ago
  Yup, as a sort of social media/TikTok experiment.
  - mobilio 2y ago
    I understand that experiment... but just wondering. For example - we live 100 km. from mine parents, wife parents are 200 km from us. Mine brother live with parents. Wife brother live near their parents - 10 km. and visit them almost daily. In Southern Europe - it's OK. For Northern Europe it's not normal - there children leave home early.
batch12 2y ago
An "influencer" inspired him to do something he could write about. > and my parents, who live nearby, would have gladly taken me in. > Around that time, I was following a YouTuber named Michael Hickey, who made videos showing how he lived frugally out of his car. I decided to do the same thing.
AtlasBarfed 2y ago
Moving in with your parents post college shouldn't be a badge of shame in this era of real estate shortage/inflation, college superinflation, health care costs, decades of wage suppression, lack of college-education jobs. Europe is ahead of the US in terms of urbanization and postindustrial economic structures, where real estate has long been totally owned by the elites. The US is moving towards a similar state with the arrival of massive private equity buyups of real estate.
- infecto 2y ago
  > The US is moving towards a similar state with the arrival of massive private equity buyups of real estate. This feels a little untruthful. PE and other investment vehicles are of course investing in multi-unit buildings (apartments) and have been part of some of the new rental communities that have been built out but they represent a small blip in the SFH side of real estate. The biggest shift in my opinion has been the creation of rental SFH communities backed by investment vehicles but again these are being newly built so at worst they have possible short-term impact on builder supply. I am not sure how that impacts the landscape though, new builds are adding to the rental stock.
  - Schiendelman 2y ago
    Private equity is a total red herring. Their impact is virtually zero. The issue here is that we restrict new housing from being built in thousands of ways - meaning the people who would be buying that housing (the ones buying houses today, to live in) are buying old stock instead, driving up the price of a supply constrained good. This is entirely the fault of land use codes - setbacks, parking minimums, FAR limits, design review, height limits, years long permitting processes... we created this in our local governments.
    - infecto 2y ago
      Agree but unfortunately when you point this out usually you get downvoted to oblivion. It is a supply demand problem and I would even add to the point that the financial crisis helped set us up for the current environment we are in. We are still not even close to the historical level of housing starts pre 2007-08. We lost a number of builders in that process.

mmierz 2y ago

This is addressed in the article

infecto 2y ago

"...and my parents, who live nearby, would have gladly taken me in. But I wanted to treat this period as a challenge, to prove to myself that I could accomplish hard things. Around that time, I was following a YouTuber.." He artificially induced the situation.

3D30497420 2y ago
Yup, as a sort of social media/TikTok experiment.
- mobilio 2y ago
  I understand that experiment... but just wondering. For example - we live 100 km. from mine parents, wife parents are 200 km from us. Mine brother live with parents. Wife brother live near their parents - 10 km. and visit them almost daily. In Southern Europe - it's OK. For Northern Europe it's not normal - there children leave home early.

batch12 2y ago

An "influencer" inspired him to do something he could write about. > and my parents, who live nearby, would have gladly taken me in. > Around that time, I was following a YouTuber named Michael Hickey, who made videos showing how he lived frugally out of his car. I decided to do the same thing.

AtlasBarfed 2y ago

Moving in with your parents post college shouldn't be a badge of shame in this era of real estate shortage/inflation, college superinflation, health care costs, decades of wage suppression, lack of college-education jobs. Europe is ahead of the US in terms of urbanization and postindustrial economic structures, where real estate has long been totally owned by the elites. The US is moving towards a similar state with the arrival of massive private equity buyups of real estate.

infecto 2y ago
> The US is moving towards a similar state with the arrival of massive private equity buyups of real estate. This feels a little untruthful. PE and other investment vehicles are of course investing in multi-unit buildings (apartments) and have been part of some of the new rental communities that have been built out but they represent a small blip in the SFH side of real estate. The biggest shift in my opinion has been the creation of rental SFH communities backed by investment vehicles but again these are being newly built so at worst they have possible short-term impact on builder supply. I am not sure how that impacts the landscape though, new builds are adding to the rental stock.
- Schiendelman 2y ago
  Private equity is a total red herring. Their impact is virtually zero. The issue here is that we restrict new housing from being built in thousands of ways - meaning the people who would be buying that housing (the ones buying houses today, to live in) are buying old stock instead, driving up the price of a supply constrained good. This is entirely the fault of land use codes - setbacks, parking minimums, FAR limits, design review, height limits, years long permitting processes... we created this in our local governments.
  - infecto 2y ago
    Agree but unfortunately when you point this out usually you get downvoted to oblivion. It is a supply demand problem and I would even add to the point that the financial crisis helped set us up for the current environment we are in. We are still not even close to the historical level of housing starts pre 2007-08. We lost a number of builders in that process.