My ex-in-laws seem to love it! And, they have my ex and my kids under their roof! The kids are considered the Millennials. The younger ones are 18-22, and the older ones are 23-34. Mine are the Older Millennials.
The largest chunk of kids still living at home are saving money while still in school. A big pool too are the ones that just don't have enough income to live on their own. That's a big problem.
Will they buy when they actually do move out? The majority likely will be renting. Less than a third, per the survey, do their parents think they will be able to buy a home.
As the market continues to have appreciation, that percentage of renters vs. buyers will likely increase further.
But then, when I was young, my first husband and I agreed we would have lived in a shack to sock away money to buy a home. And, that the first home wouldn't be a mansion by any means.
So, yes, they are saving money by living at home.....but are they really SAVING money to buy a home? Or just living cheaper by living at home?
I'm going to shut my mouth any further on this subject. But, Feel Free To comment!