Severe housing shortage predicted

[The-Shoveler]

LOL I think Scaredy’s got room.

The advantage of owning a big mc-mansion on acreage LOL.

[flyer]

Multigenerational households are definitely becoming the norm again–as they were many years ago–especially in places like CA. Although we love our kids and have plenty of room, we realized a housing crunch might be on the horizon quite a few years ago, so we tried to plan ahead, so they would have places of their own when the time came.

We all like being together, but, for many reasons, I still think it’s great for everyone when kids have their own space for themselves and their own families whenever possible.

To each his or her own, but, imo, it’s all part of growing up, and becoming your own person. In fact, we’ve noticed that since our kids now live elsewhere, the time we do spend together is even more enjoyable.

[scaredyclassic]

my dad for years slept in the same bedroom as his grandfather when my dad was little. maybe same bed? not sure about that. i wouldnt mind living with my grandchildren in a yurt out in the yard. im positive they would love me

[BoomerAang]

[quote=poorgradstudent][quote=scaredyclassic]
maybe it’s just a fantasy, but from my perspective, I cannot think of anything I would like more than a multigenerational household, if Im the oldest. not so much if i were in the middle. probably be great for the little guys.[/quote]
We did a multigenerational household for a little less than 6 months when we were looking to buy our house; partially to save money (at the start) and partially because it took us a couple months longer than we had expected to find a place.

It definitely wasn’t ideal for us in the middle. I think it would have been easier if it was our house we were letting the older generation move into and live with us. Even things like sharing one fridge for 4 adults and 1 child and dealing with parking with 4 cars were headaches.[/quote]

We are in this situation as well. In the middle, but the place is ours. We figured that it is cheaper than daycare. We rented them an apartment 1 mile away originally, but the lease ended and rents were rising. We rented a 4 bedroom place for us, but there’s constant friction between wifey and grandma. We are in escrow and waiting to move into a larger house for the 5 of us.

My wife said she needed the 3800 sqft place for her sanity since she started therapy. It’s her parents as well, not mine. Little guy is loving it though since he’s got 4 adults to himself and grandparents that spoil him.

[FlyerInHi]

[quote=scaredyclassic]maybe the oldest one will move back in with us and commute for a while. that would be very good if it all worked out just right. we like him so much. it would be kind of strange if he stayed and got married and there were kids here too. actually, that would be amazing.

maybe it’s just a fantasy, but from my perspective, I cannot think of anything I would like more than a multigenerational household, if Im the oldest. not so much if i were in the middle. probably be great for the little guys.[/quote]

If a husband obeys his wife, he will likely move in with his wife’s parents, or have them move with in with him. His own parents will be second priority.

My cousin got a son, but he wanted a daughter, because he said that a daughter will always be dad’s little girl, whereas a son will eventually belong to his wife, haha…

[scaredyclassic]

[quote=FlyerInHi][quote=scaredyclassic]maybe the oldest one will move back in with us and commute for a while. that would be very good if it all worked out just right. we like him so much. it would be kind of strange if he stayed and got married and there were kids here too. actually, that would be amazing.

maybe it’s just a fantasy, but from my perspective, I cannot think of anything I would like more than a multigenerational household, if Im the oldest. not so much if i were in the middle. probably be great for the little guys.[/quote]

If a husband obeys his wife, he will likely move in with his wife’s parents, or have them move with in with him. His own parents will be second priority.

My cousin got a son, but he wanted a daughter, because he said that a daughter will always be dad’s little girl, whereas a son will eventually belong to his wife, haha…[/quote]

when we first returned to calif. , we lived with my wife’s parents. about 2 weeks. i begged her to stay longer, the money was just piling into our bank acct! any longer than that and I think she would ahve gone insane. too bad. i ouldve been happy to stay. we couldve built up some money real quick. didnt bother me, i was at work all day.

[FlyerInHi]

Another thought… Millennials are becoming lazy pot heads… They just wanna chill and smoke weed. They’re happy living with their parents. Always food in the fridge

With high housing prices, what’s the point to save money? When can you get $100k to buy a $500k house?

Maybe we will see a shift in working patterns from workoholism to chillin’ it. Like young people in Japan compared to previous generations.

[spdrun]

Doesn’t every older generation say that about the next generation or two? “In MY day, grump-grump-grump GET OFF MY LAWN!”

[FlyerInHi]

Yeah.. But we had rising living standards because of commoditization of things including housing. But now we have housing taking larger share of income. Something has to give. Think daycare, health care and education. Loss of job security. t’s harder for a family starting from nothing.

Plus women are equal now, so there no point for a guy to show that the can take care of a family. It’s easier to have a girlfriend here and there. Or hook up on apps. Smoke weed and chill. Work a gig when one becomes available.

[The-Shoveler]

We still have rising living standards (average house size still keeps growing every year),

SoCal (and Nor-Cal really) are just becoming Growth adverse.

Most other states don’t have that problem.

It’s just here for the most part.

[BoomerAang]

[quote=spdrun]Doesn’t every older generation say that about the next generation or two? “In MY day, grump-grump-grump GET OFF MY LAWN!”[/quote]

Agreed…I’m technically a Millenial, but don’t like to associate with this generation. “Always on their phones, don’t care to drive, leeching off their parents, etc.”

I have different interests than most my age and probably associate with Gen X better, but I always hear older generations complain about the useless younger generations. My wife and I are Millenials, but we are carrying her baby booming parents. It is sad how little in the 401k they have along with how much money they spend on frivolous things. Do you really need 2 refrigerators and 1 freezer between two seniors that don’t eat that much?

[poorgradstudent]

[quote=FlyerInHi]Millennials are becoming lazy pot heads… They just wanna chill and smoke weed. They’re happy living with their parents. Always food in the fridge [/quote]
I think you misspelled “Baby Boomers” as “Millennials”.

[bearishgurl]

[quote=The-Shoveler]If you get just a recession prices might drop 10 or 15%, OK that would help, but it would be temporary and not enough for most to really feel affordable.

Without building (or over-building really) you are still left with more people than housing.[/quote]

Shoveler, we are NEVER left with more people than housing …. that is, unless our “excess people” are all living on the street.

Take Silicon Valley, for example. Those workers who work there but cannot afford to live there (or who cannot afford to live in what they want to live in there) move across the bridge(s) to more “affordable” housing and commute into SV every workday. Those SV cities do not have “more people.” They have only the people who were longtime owners and bought “cheap” or the people who are willing and able to pay the price to live there. The rest of SV’s workers who are its “aspiring citizens” live elsewhere.

It’s all as it should be … by design. If all of SD County’s housing is eventually absorbed and we essentially have a 0% vacancy rate (unlikely), we will not have “more people” (unless they are homeless). We will have only the amount of people we can house. Any people who want to live in SD County close to work but choose not to pay the price or accept the housing on offer which they can afford here will live in another county (Riverside?) and commute to their jobs in SD County every day.

[bearishgurl]

[quote=The-Shoveler]We still have rising living standards (average house size still keeps growing every year),

SoCal (and Nor-Cal really) are just becoming Growth adverse.

Most other states don’t have that problem.

It’s just here for the most part.[/quote]

Shoveler, ALL of coastal CA has ALWAYS been “growth averse.” It has always been much more difficult for a developer to obtain subdivision permits in coastal CA counties than in 90% of the rest of the nation.

And rightly so. There IS only ONE CA coast and it SHOULD, for the most part, be preserved as much as humanly possible.

OTOH, there is still a lot of room in most of the flat states of “flyover country” but most of these cities are now suffering from issuing too many subdivision permits haphazardly in the past and lacking services for them (police, fire, public works, etc). For example, Oklahoma City is now a whopping 68 miles wide and over 30 miles long. The state has no Mello Roos or any bonds in place to build infrastructure for newer areas so those isolated subdivisions are virtually in the boonie plains whose residents have very slow response times in an emergency.

Just because other states’ jurisdictions have allowed residential building ad infinitum in past decades doesn’t make it wise … or right. Only time will tell what happens to the subdivisions on the edges of OKC. They could end up as ghost towns. There’s talk of the Big Five oil companies conducting massive local layoffs if prices don’t pick up soon.

[The-Shoveler]

The difference is the whole region (not just the coastal area’s) are becoming a increasingly growth averse a lot more than it ever was in the past.

We are building about 1/2 Normal pace after coming off a period of almost no building for the last 5 years.

Then you got the largest generation in history turning 24-25 or so.

Whatever it’s going to be tight.

[Author]

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