[RANT] Why some people in their late 20s to early 30s stay live with their parents?

You already have a place to live at home. You just want the privacy so you pay for that luxury.

I don't need that for motivation. It would just be a strain trying to pay rent rent on my own with school and work. I don't feel comfortable relying on roommates because I've already had some issues before. Also some families could use the extra income in their house. Once I am done with school and can work a full-time job then I'm Audi.

 

Why are you being presumptuous? Just because one lives at home does not mean they spend all their money on frivolous things. The privacy would be issue for most but my family has a garage apartment. If I didn't have the garage space then I will eat the cost to live on my one.

 

Assuming I wanted to live in the same city as my parents, yes. But I didn't.

 

Y'all are making me want to move back into my parents house. Buy that new Stingray and travel to a different city every weekend, 1st class. And the food is better. **** this, I'm the sucker I think.

 

So as been noted there's two sides to this. The staying with parents while in college or saving up for a house. Or the free loading go nowhere drugging partying losers who still scrounge of mom and dad while contributing nothing.

Personally my brothers and sisters in law all 4 of them still live at home despite all being in their 30s. They all have degrees though only one has a decent job. Three have children outside of marriage. They move from apartment to apartment and from house to house as they have been evicted numerous times for nonpayment of rent. They live with their mom and follow her wherever she goes. when my father in law died he left basically about a million dollars in life insurance proceeds plus a very nice military/ss pension of something like 4,000 a month. The million or so was blown through in a couple of years no joke. These idiots would buy expensive cars cash get title loans on them and lose them for nothing all because they didn't care, they eat out every meal, went to Vegas, etc. ultimately the entire family has NOTHING to show for it. No house, no investments, they've sold about everything they've owned to try and maintain some stupid lifestyle, they've lost numerous furniture from not paying storage fees.

Moral of this story IMO, when the kids don't sweat for what they get they end up as losers. My mother in law continues to support them when there's no justifiable reason to do so. And she provides free babysitting and pays for their child support payments. They make her pay the premiums on a life insurance policy on herself as she's in poor health and they have confided in me that they are just waiting for her to keel over to collect the money.

 

Then that is just an entirely different scenario.

 

What a dysfunctional family, my god!!!!

 

they live with their parents because the parents are enablers who never taught their kids about accountability and independence. on the other hand, there are some who contribute by paying rent or bills though. and if you need a place to take a girl go to a hotel. still cheaper than having your own place.

and buying a home doesnt mean you've grown up and become an adult. it just means you've qualified because of your income and decided this was the lifestyle you wanted to live. i've seen many people "throw away" money on mortgages and everything else that comes with it. renting and living closer to their jobs would have been the more financially prudent decision. but instead they fell for the old myth that a house equals wealth. it can if it's a rental home, not so much as a primary residence.

 

A house can indeed equal wealth if it appreciates in value and you're also paying down the loan principle.

Owning a house can also turn into a financial disaster if your house loses value -- just talk to somebody living in California or Florida in 2009. Or in Houston in 1984.

 

People can be **** ups.

 

Buying a home is more than just independence. It's an investment, a step into adulthood (under the right circumstances), A potential place to grow and raise a family. To me, it's not ideal to do that under my parents home.

 

OP: Why do people still live with their parents? I mean I still live with my parents but its different....

 

dunno man just focus on your own life and let others live theres without starting threads about em lol

 

live by myself for almost a decade now but people shouldn't be so judgmental

 

Thought what this guy said on reddit was a good answer.

"Since it has been pointed out that everyone's financial planning is different with things like contributions to savings and what not, I think we can all agree that you should mind your own ****ing business."

 

I said it can be an investment as a rental. as a primary residence, it's not really a wealth builder. when you take in hidden costs, you're lucky to break even and really lucky to make a profit. if you have a family then yes, you should buy as long as it makes sense for you. the people that OP mentioned don't sound like they have their own family.

i lived the home ownership lifestyle for seven years. taking into consideration the cost of upkeep, maintenance, and taxes, and appreciation, i lost money. i never felt so much relief when i gave it up to rent so i could live closer to my job. all the time i spent keeping up the house i can now use for other more interesting hobbies. it's just the lifestyle i prefer now.

 

I stayed with my mom for a year after graduating to save money, and deal with the tough market. Being young/inexperienced it's hard to get a really secure job even with a good and credible background.

I joined a new job, on a contract to hire basis, and am about to hopefully a secure a full time job. My parents giving me that year allowed me to be picky on where to go job wise and that's really enhanced my resume despite internships/contract jobs. Right now, I'm in the midst of 5-6 opportunities that are really, really good and feel fortunate for it.

I used my parents to help me get further, not to make their lives harder. And at least, from my their perspective, they couldn't be prouder of how hard I've tried to get a great position going forward. They are surprised that I have the balls to put myself out there aggressively to be at prestigious firms and banks, what surprises me is that they have actually contacted me back. And still doing the diligence at my current job, and pursuing jobs in the industry more lateral to mine now.