316
submitted 10 months ago by MicroWave@lemmy.world to c/news@lemmy.world

These days, housing affordability is a struggle for nearly everyone.

But for young adults just starting out, soaring home prices and sky-high rents have become one of the greatest obstacles to making it on their own.

Nearly one-third, or 31%, of Generation Z adults live at home with parents because they can’t afford to buy or rent their own space, according to a recent report by Intuit Credit Karma that polled 1,249 people age 18 and older. Gen Z is generally defined as those born between 1996 and 2012, including a cohort of teens and tweens.

“The current housing market has many Americans making adjustments to their living situations, including relocating to less-expensive cities and even moving back in with their families,” said Courtney Alev, Intuit Credit Karma’s consumer financial advocate.

Overall, the number of households with two or more adult generations has been on the rise for years, according to a Pew Research Center report. Now, 25% of young adults live in a multigenerational household, up from just 9% five decades ago.

you are viewing a single comment's thread
view the rest of the comments
[-] tsonfeir@lemm.ee 5 points 10 months ago

I’m looking, but there’s no way I’m paying those prices. I’d rather rent and have the ability to leave my job for another job when I can get more money.

[-] FlyingSquid@lemmy.world 4 points 9 months ago

Which is exactly what the investor class wants. Keep generating wealth for the landlords and no generational wealth because houses are too expensive.

[-] tsonfeir@lemm.ee 3 points 9 months ago

Yup. Kill the rich. Cap home prices.

[-] FlyingSquid@lemmy.world 0 points 9 months ago

It would have to be a really low cap considering how low wages are now, but I'd be okay with that. I just doubt the U.S. government would allow it to happen.

[-] tsonfeir@lemm.ee 2 points 9 months ago

Nothing is going to get better at this point. I think the rich know they can just do whatever they want, as usual. The power of the middle class is almost gone. The only solution is the mass extinction of billionaires as a message, and I doubt a single one will be removed in my lifetime.

[-] FlyingSquid@lemmy.world 0 points 9 months ago

The problem is- and I said this in another thread this morning, so apologies for people who read it there- the billionaires have nuclear war-proof bunkers they can hide in while surrounded by heavily-armed security. There's no way we'll be able to get to them. So I agree with you.

[-] tsonfeir@lemm.ee 0 points 9 months ago

Well, they aren’t sleeping in them. They leave sometime. Let’s use all these guns we have to defend us from the rich. 🤪

[-] FlyingSquid@lemmy.world 0 points 9 months ago

The bunkers are designed for them to sleep in until the radiation dissipates at least. They probably could live in them for years.

[-] tsonfeir@lemm.ee 2 points 9 months ago

What I mean is, they leave the house. Also, we can cut them off and I’m perfectly fine with them living in a box with no internet. Solitary confinement is as good as death.

this post was submitted on 13 Jan 2024
316 points (97.6% liked)

News

23259 readers
3009 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS