If my parents were alive they would be living with me. I miss them dearly.
That was the sweetest thing I've read in a long time! Made me cry cuz I totally get it!
They say home prices outgrow wages by a 10:1 ratio. I make a bit less than my father did in the early 1990s, but the same house he bought for 220k is seilling for 800k. Very depressing to consider that if the trend continues I might never afford a home.
I'm not sure of the exact numbers, but wages in real dollars have been stagnant (and the minimun wage has actually decreased), which housing prices have greatly outpaced inflation. Yikes.
I think mutli-generational housing is certianly more common these days, not only for economic reasons but also for cultural reasons. Many cultures have traditionally had 3 generations living under one roof, especially as grandparents can be a tremendous help for parents (and vice versa). So I absolutely agree that more people should be open to the idea. Ultimately, it boils down to what works best for each family.
I think a child staying at home can be very good......If the child is learning life's lessons. If they listen to advice and set goals and make steps to achieve them. Building a strong family core is a valuable life lesson. But if they just live their and not learn and grow its very bad. I think it makes them unable to function in the real world when the day comes. (the snow flake generation). I think every family member should have some kind of weight to carry in the household no matter what age. So keep them home, continued to mold them into strong men and women. Just my opinion.
So it really depends on the child, the parents, the opportunities and the responsibilities of all parties.
You aren't helping you children by keeping them at home. You don't want them to be 40 and look back at their wasted life. A year after college should be enough time to grow up and become an adult. It was different when everyone lived on a farm and parents needed their children to help them run their farm. However my mom lived on a farm and left home at 14 to work as her sister did the year before. Didn't hurt them as they are in their mid 80's and doing fine.