Jan
25
Roommate Nation: 30 percent of working adults are now living with a roommate.
ByWith the rent being too damn high, many Americans are now opting to live with a roommate (or two or three in the case of San Francisco and Los Angeles). We now have a record number of adult Americans living with roommates. This coincides with a stagnant growth in the homeownership rate especially in crap shack intensive areas like SoCal. The market continues to be constrained by low supply and Taco Tuesday baby boomers living in properties that they would not be able to purchase today at current price levels. Many older home owners bought during an era where one income (even one blue collar income) was enough to purchase a home. That is no longer the case in many metro areas where dual income professionals and all cash buyers are the dominant buying force. So how many adult Americans are now living with roommates?…
