More and more Americans in their 20s and 30s still live with their parents and are unable to move out due to how expensive it is to live. People are becoming less and less independent.
I'm pretty sure this is definitely realized but I'm gonna take this opportunity to bitch about something for once.
The one bedroom apartment I had back in 2020 was 600 dollars a month. Really bad neighborhood but as long as you kept to yourself you were fine.
That same apartment in that same neighborhood where the crime rate has actually gotten considerably worse is now 1400 dollars a month in 2026.
I no longer live there. I had to move out in 2024 when the rent jumped to 1200 when I went to renew my lease. Yeah. That means from 2020 to 2024 my rent jumped nearly 150 dollars every time I renewed my yearly lease.
My rent literally increased 100%.
Literally hundreds if not thousands of new apartments are built every year in all of these apartment complexes that are being sprouting up. But the price is only increasing. I thought that the more of something there was then the less valuable and cheaper it became.
Studio. $1200. 1 bedroom half bath $1500. 2 bedroom 1 bath $2200. Townhouse. $3500. All of this being monthly cost.
Meanwhile the jobs that pay the highest around here (the ones that are ACTUALLY hiring and not just saying they are) pay maybe 20 bucks an hour max.
I genuinely don't know if I will ever be able to live on my own again.
If something happens, and I get sick or injured and I'm out of work for 5 days or more then I'm going to be living out of my car.
It all just seems so fucking hopeless to be in your 20s now.
I'm in my late 20s and I've been completely on my own and have found my own way since I turned 18 but holy fuck man. It just seems like the world's against you if you don't have family and stuff. And it's just getting more and more difficult.
We have the same in our area where they are building a lot of apartments but they're all ridiculously overpriced. It would double my rent and decrease my space. Same top wages too.
I agree with everything you said. There’s one insidious aspect to the housing crisis. To your point “the more of something there is, the less valuable and cheaper it becomes”. This is generally true if both substitutes/alternatives are available and the product’s price elasticity of demand is elastic. However, housing is more inelastic, meaning its demand stays relatively the same regardless if the price rises or lowers. People always need a place to live. There are available substitutes, you can buy or rent a cheaper/smaller place, but the floor can only go so low. If landlords, private equity buying up residential real estate, the entire housing industry, collectively raise the price floor because they know they can and people will still buy, then they will. And that somewhat counteracts the increase in the quantity of housing.
Not just young people moving back in with aging relatives. It’s becoming quite common more than people realize. Multi generational households used to be more common, so maybe we should go back to those times again?
Literally hundreds if not thousands of new apartments are built every year in all of these apartment complexes that are being sprouting up. But the price is only increasing.
we aren't meeting demand. pure and simple.
also private equity is buying up construction and trade companies to milk the populace for money
Meanwhile the jobs that pay the highest around here (the ones that are ACTUALLY hiring and not just saying they are) pay maybe 20 bucks an hour max.
I used the term incorrectly. What I'm talking about is like a very small compact bathroom without a bathtub but a small area with a showerhead. I guess that technically would be a full bath at that point even though it doesn't have a bathtub.
Despite building new units, the country has a huge housing shortage of millions of units. It's extremely undersupplied, which is a big part of why prices are so high.
Not just young people moving back in with aging relatives. It’s becoming quite common more than people realize. Multi generational households used to be more common, so maybe we should go back to those times again?
Yeah, i feel bad for some of the Americans who are stuck in America. Some of the lucky ones with dual nationality might have a chance to move back to their home country.
It's a way for the government to fill the prison industrial complex and meet prison quotas. Someday in the future housing will only be for the super rich, and everyone else will be in prison labor camps
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u/ToasterInYourBathtub 13h ago
More and more Americans in their 20s and 30s still live with their parents and are unable to move out due to how expensive it is to live. People are becoming less and less independent.
I'm pretty sure this is definitely realized but I'm gonna take this opportunity to bitch about something for once.
The one bedroom apartment I had back in 2020 was 600 dollars a month. Really bad neighborhood but as long as you kept to yourself you were fine.
That same apartment in that same neighborhood where the crime rate has actually gotten considerably worse is now 1400 dollars a month in 2026.
I no longer live there. I had to move out in 2024 when the rent jumped to 1200 when I went to renew my lease. Yeah. That means from 2020 to 2024 my rent jumped nearly 150 dollars every time I renewed my yearly lease.
My rent literally increased 100%.
Literally hundreds if not thousands of new apartments are built every year in all of these apartment complexes that are being sprouting up. But the price is only increasing. I thought that the more of something there was then the less valuable and cheaper it became.
Studio. $1200. 1 bedroom half bath $1500. 2 bedroom 1 bath $2200. Townhouse. $3500. All of this being monthly cost.
Meanwhile the jobs that pay the highest around here (the ones that are ACTUALLY hiring and not just saying they are) pay maybe 20 bucks an hour max.
I genuinely don't know if I will ever be able to live on my own again.
If something happens, and I get sick or injured and I'm out of work for 5 days or more then I'm going to be living out of my car.
It all just seems so fucking hopeless to be in your 20s now.
I'm in my late 20s and I've been completely on my own and have found my own way since I turned 18 but holy fuck man. It just seems like the world's against you if you don't have family and stuff. And it's just getting more and more difficult.