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January 19, 2010 at 6:56 AM #503323January 19, 2010 at 8:39 AM #504233Nor-LA-SD-guyParticipant
[quote=creechrr][quote=Nor-LA-SD-guy]Three / Two generations in a house ??
I don’t know.
sounds a bit crowded, All the newly minted grand parents I have talked to are still trying to get their kids to find a Dang Job and MOVE !!
[/quote]That’s my current reality. This isn’t what I had planned for but, it is working. They need the help and we can’t afford a decent house. So, we get to save and they get to live in “their” house. An additional benefit (sometimes a negative) being that my son gets to spend time with his grandparents.
I also see this becoming the reality for an ever increasing number of the population. Combine the rediculous cost of housing and just about everything else with piss poor planning by the previous generation…bang.
I’m seeing it with more and more of age group. I actually know a few people that are supplementing their parents income every month.
I maintain that a huge amount of the prosperity that was experienced over the last two decades or more was derived from debt creation by senior. Now it’s time for junior to start making payments.[/quote]
Yep from what I have been seeing, your situation is very common, That’s partly why I say that when/If the economy ever does start to add Jobs in a big way I think we will see a snowball effect.
January 19, 2010 at 8:39 AM #503496Nor-LA-SD-guyParticipant[quote=creechrr][quote=Nor-LA-SD-guy]Three / Two generations in a house ??
I don’t know.
sounds a bit crowded, All the newly minted grand parents I have talked to are still trying to get their kids to find a Dang Job and MOVE !!
[/quote]That’s my current reality. This isn’t what I had planned for but, it is working. They need the help and we can’t afford a decent house. So, we get to save and they get to live in “their” house. An additional benefit (sometimes a negative) being that my son gets to spend time with his grandparents.
I also see this becoming the reality for an ever increasing number of the population. Combine the rediculous cost of housing and just about everything else with piss poor planning by the previous generation…bang.
I’m seeing it with more and more of age group. I actually know a few people that are supplementing their parents income every month.
I maintain that a huge amount of the prosperity that was experienced over the last two decades or more was derived from debt creation by senior. Now it’s time for junior to start making payments.[/quote]
Yep from what I have been seeing, your situation is very common, That’s partly why I say that when/If the economy ever does start to add Jobs in a big way I think we will see a snowball effect.
January 19, 2010 at 8:39 AM #503983Nor-LA-SD-guyParticipant[quote=creechrr][quote=Nor-LA-SD-guy]Three / Two generations in a house ??
I don’t know.
sounds a bit crowded, All the newly minted grand parents I have talked to are still trying to get their kids to find a Dang Job and MOVE !!
[/quote]That’s my current reality. This isn’t what I had planned for but, it is working. They need the help and we can’t afford a decent house. So, we get to save and they get to live in “their” house. An additional benefit (sometimes a negative) being that my son gets to spend time with his grandparents.
I also see this becoming the reality for an ever increasing number of the population. Combine the rediculous cost of housing and just about everything else with piss poor planning by the previous generation…bang.
I’m seeing it with more and more of age group. I actually know a few people that are supplementing their parents income every month.
I maintain that a huge amount of the prosperity that was experienced over the last two decades or more was derived from debt creation by senior. Now it’s time for junior to start making payments.[/quote]
Yep from what I have been seeing, your situation is very common, That’s partly why I say that when/If the economy ever does start to add Jobs in a big way I think we will see a snowball effect.
January 19, 2010 at 8:39 AM #503348Nor-LA-SD-guyParticipant[quote=creechrr][quote=Nor-LA-SD-guy]Three / Two generations in a house ??
I don’t know.
sounds a bit crowded, All the newly minted grand parents I have talked to are still trying to get their kids to find a Dang Job and MOVE !!
[/quote]That’s my current reality. This isn’t what I had planned for but, it is working. They need the help and we can’t afford a decent house. So, we get to save and they get to live in “their” house. An additional benefit (sometimes a negative) being that my son gets to spend time with his grandparents.
I also see this becoming the reality for an ever increasing number of the population. Combine the rediculous cost of housing and just about everything else with piss poor planning by the previous generation…bang.
I’m seeing it with more and more of age group. I actually know a few people that are supplementing their parents income every month.
I maintain that a huge amount of the prosperity that was experienced over the last two decades or more was derived from debt creation by senior. Now it’s time for junior to start making payments.[/quote]
Yep from what I have been seeing, your situation is very common, That’s partly why I say that when/If the economy ever does start to add Jobs in a big way I think we will see a snowball effect.
January 19, 2010 at 8:39 AM #503894Nor-LA-SD-guyParticipant[quote=creechrr][quote=Nor-LA-SD-guy]Three / Two generations in a house ??
I don’t know.
sounds a bit crowded, All the newly minted grand parents I have talked to are still trying to get their kids to find a Dang Job and MOVE !!
[/quote]That’s my current reality. This isn’t what I had planned for but, it is working. They need the help and we can’t afford a decent house. So, we get to save and they get to live in “their” house. An additional benefit (sometimes a negative) being that my son gets to spend time with his grandparents.
I also see this becoming the reality for an ever increasing number of the population. Combine the rediculous cost of housing and just about everything else with piss poor planning by the previous generation…bang.
I’m seeing it with more and more of age group. I actually know a few people that are supplementing their parents income every month.
I maintain that a huge amount of the prosperity that was experienced over the last two decades or more was derived from debt creation by senior. Now it’s time for junior to start making payments.[/quote]
Yep from what I have been seeing, your situation is very common, That’s partly why I say that when/If the economy ever does start to add Jobs in a big way I think we will see a snowball effect.
January 19, 2010 at 12:29 PM #503420creechrrParticipantDo mean people rushing out to buy houses? If so, I doubt it. In my situation and many that I know, the elders are just as, if not more dependent. That could preclude the purchase of another home unless we’re talking one of those monsterous 6+ bedroom places.
Actually, my wife and I went for an exploratory drive through Scripps Ranch/Southern Poway, maybe a year and a half ago. We came across these enormous houses. I can’t remember the name of the developments.
These houses looked like regular houses but, super sized with at most a 3 car garage. I wondered out loud of the logic of having so many large houses in relatively close quarters without a place to park.
At the time we joking that the only way to afford them was to have multiple families living there to support the expenses. Then, it hit us, that’s going to be us, at least of the need side. I doubt we’ll be able to afford it unless the prices come down substantially.
Quite a few of my friends are starting to come to the same realization. I used to think the proliferation of mcmansions was a great misallocation of resources but, now I’m not so sure.
January 19, 2010 at 12:29 PM #503965creechrrParticipantDo mean people rushing out to buy houses? If so, I doubt it. In my situation and many that I know, the elders are just as, if not more dependent. That could preclude the purchase of another home unless we’re talking one of those monsterous 6+ bedroom places.
Actually, my wife and I went for an exploratory drive through Scripps Ranch/Southern Poway, maybe a year and a half ago. We came across these enormous houses. I can’t remember the name of the developments.
These houses looked like regular houses but, super sized with at most a 3 car garage. I wondered out loud of the logic of having so many large houses in relatively close quarters without a place to park.
At the time we joking that the only way to afford them was to have multiple families living there to support the expenses. Then, it hit us, that’s going to be us, at least of the need side. I doubt we’ll be able to afford it unless the prices come down substantially.
Quite a few of my friends are starting to come to the same realization. I used to think the proliferation of mcmansions was a great misallocation of resources but, now I’m not so sure.
January 19, 2010 at 12:29 PM #504055creechrrParticipantDo mean people rushing out to buy houses? If so, I doubt it. In my situation and many that I know, the elders are just as, if not more dependent. That could preclude the purchase of another home unless we’re talking one of those monsterous 6+ bedroom places.
Actually, my wife and I went for an exploratory drive through Scripps Ranch/Southern Poway, maybe a year and a half ago. We came across these enormous houses. I can’t remember the name of the developments.
These houses looked like regular houses but, super sized with at most a 3 car garage. I wondered out loud of the logic of having so many large houses in relatively close quarters without a place to park.
At the time we joking that the only way to afford them was to have multiple families living there to support the expenses. Then, it hit us, that’s going to be us, at least of the need side. I doubt we’ll be able to afford it unless the prices come down substantially.
Quite a few of my friends are starting to come to the same realization. I used to think the proliferation of mcmansions was a great misallocation of resources but, now I’m not so sure.
January 19, 2010 at 12:29 PM #504306creechrrParticipantDo mean people rushing out to buy houses? If so, I doubt it. In my situation and many that I know, the elders are just as, if not more dependent. That could preclude the purchase of another home unless we’re talking one of those monsterous 6+ bedroom places.
Actually, my wife and I went for an exploratory drive through Scripps Ranch/Southern Poway, maybe a year and a half ago. We came across these enormous houses. I can’t remember the name of the developments.
These houses looked like regular houses but, super sized with at most a 3 car garage. I wondered out loud of the logic of having so many large houses in relatively close quarters without a place to park.
At the time we joking that the only way to afford them was to have multiple families living there to support the expenses. Then, it hit us, that’s going to be us, at least of the need side. I doubt we’ll be able to afford it unless the prices come down substantially.
Quite a few of my friends are starting to come to the same realization. I used to think the proliferation of mcmansions was a great misallocation of resources but, now I’m not so sure.
January 19, 2010 at 12:29 PM #503567creechrrParticipantDo mean people rushing out to buy houses? If so, I doubt it. In my situation and many that I know, the elders are just as, if not more dependent. That could preclude the purchase of another home unless we’re talking one of those monsterous 6+ bedroom places.
Actually, my wife and I went for an exploratory drive through Scripps Ranch/Southern Poway, maybe a year and a half ago. We came across these enormous houses. I can’t remember the name of the developments.
These houses looked like regular houses but, super sized with at most a 3 car garage. I wondered out loud of the logic of having so many large houses in relatively close quarters without a place to park.
At the time we joking that the only way to afford them was to have multiple families living there to support the expenses. Then, it hit us, that’s going to be us, at least of the need side. I doubt we’ll be able to afford it unless the prices come down substantially.
Quite a few of my friends are starting to come to the same realization. I used to think the proliferation of mcmansions was a great misallocation of resources but, now I’m not so sure.
January 19, 2010 at 1:13 PM #503430Nor-LA-SD-guyParticipantMost of the newly minted grand parents I see are in their late forties mid-fifties and just tired of dealing with babies (both the grown kind and the little ones) again, would like to live like their parents did when they left the house for a few years anyway, also retirement is being put off in a lot of these situations as the (grown) kids are not working and contributing but expect the new grand parents to carry the health insurance expenses, Car expenses food etc… The way they always did before.
Sometimes they are being hit from both sides, the older great grand parents (70’s to 90’s) need help and the kids and their kids all relaying of good old Dad and Mom.
Anyway in a lot of these situations I am talking about, there is at least little tension about.
yes I think in these cases above the Kids will be expected to Move on and get a place of their own and stuff of their own.
Besides tell me the truth, wouldn’t you like a room just for your stuff, your own hideaway??But yea also you need at least a 4 car garage, two just for projects and two for your everyday cars.
January 19, 2010 at 1:13 PM #503975Nor-LA-SD-guyParticipantMost of the newly minted grand parents I see are in their late forties mid-fifties and just tired of dealing with babies (both the grown kind and the little ones) again, would like to live like their parents did when they left the house for a few years anyway, also retirement is being put off in a lot of these situations as the (grown) kids are not working and contributing but expect the new grand parents to carry the health insurance expenses, Car expenses food etc… The way they always did before.
Sometimes they are being hit from both sides, the older great grand parents (70’s to 90’s) need help and the kids and their kids all relaying of good old Dad and Mom.
Anyway in a lot of these situations I am talking about, there is at least little tension about.
yes I think in these cases above the Kids will be expected to Move on and get a place of their own and stuff of their own.
Besides tell me the truth, wouldn’t you like a room just for your stuff, your own hideaway??But yea also you need at least a 4 car garage, two just for projects and two for your everyday cars.
January 19, 2010 at 1:13 PM #504316Nor-LA-SD-guyParticipantMost of the newly minted grand parents I see are in their late forties mid-fifties and just tired of dealing with babies (both the grown kind and the little ones) again, would like to live like their parents did when they left the house for a few years anyway, also retirement is being put off in a lot of these situations as the (grown) kids are not working and contributing but expect the new grand parents to carry the health insurance expenses, Car expenses food etc… The way they always did before.
Sometimes they are being hit from both sides, the older great grand parents (70’s to 90’s) need help and the kids and their kids all relaying of good old Dad and Mom.
Anyway in a lot of these situations I am talking about, there is at least little tension about.
yes I think in these cases above the Kids will be expected to Move on and get a place of their own and stuff of their own.
Besides tell me the truth, wouldn’t you like a room just for your stuff, your own hideaway??But yea also you need at least a 4 car garage, two just for projects and two for your everyday cars.
January 19, 2010 at 1:13 PM #504065Nor-LA-SD-guyParticipantMost of the newly minted grand parents I see are in their late forties mid-fifties and just tired of dealing with babies (both the grown kind and the little ones) again, would like to live like their parents did when they left the house for a few years anyway, also retirement is being put off in a lot of these situations as the (grown) kids are not working and contributing but expect the new grand parents to carry the health insurance expenses, Car expenses food etc… The way they always did before.
Sometimes they are being hit from both sides, the older great grand parents (70’s to 90’s) need help and the kids and their kids all relaying of good old Dad and Mom.
Anyway in a lot of these situations I am talking about, there is at least little tension about.
yes I think in these cases above the Kids will be expected to Move on and get a place of their own and stuff of their own.
Besides tell me the truth, wouldn’t you like a room just for your stuff, your own hideaway??But yea also you need at least a 4 car garage, two just for projects and two for your everyday cars.
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