|
|
|
|
|
|
by TuringNYC
1830 days ago
|
|
|
>> These types of articles make it seem like some huge mystery as to why society is the way it is today. It's no mystery. Houses cost to much and employers don't pay enough. This is so true. I'd take it further -- for many (not for most of us developers/engineers) but for many others, the choice to move out is a very risky one because you're constantly on a thin line between paying student loans, mortgage/rent, and other costs of employment and wages may not grow while costs continue to grow. I've seen people just give up and enjoy what they have -- a parent's home at the cost of employment. Remember that it costs money to earn money if you need to move to a metro area and that cost can exceed the actual income, especially if it is a job without wage growth. I think semi-permanent WFH changes the equation quite a bit -- one can now live with parents, earn, and save up money to hopefully cross the chasm into the world of sustainable ownership. |
|
|
This is what I'm doing I'm a software dev in my early 30's. A couple of years ago I moved back in with my parents for some health related reasons after being on my own for a decade or so, and ended up staying with them for another health reason.
Then COVID happened and the job I started 6 months earlier went full time remote. Previously I intended to move back to the city because my commute sucked. They've since terminated office leases and seem to be intending to go full time remote for another significant period of time if not permanently. I am saving an insane amount of money and I intend to stay with my parents as long as is feasible.
In a strange way, COVID is the best thing to ever happen to me financially. Home ownership in a dream location is looking to be a feat within reach in less than a decade.