Quick follow-up: Lots of good feedback in the comments! Check them out to see a lot of good points made. Obviously, this isn't a desirable fix to the rising costs of living. It feels like using a tourniquet when your foot gets severed: Yes, it stops the bleeding, but it also cuts off circulation to the other tissues below the tourniquet and buys you limited time to get medical assistance. The real solution would be time to heal the flesh wound, or in this case, reassess zoning laws that prohibit restricted housing building projects, more supply leading to lower prices. How can we make that happen? Until we can adjust housing supply or increase our pay, this video is simply pointing out the discomfort we may have to go through to get ahead... if not just to get by. Praying for you all! Hopefully whatever circumstances you're in, you're safe and life is treating you well. Good luck out there. Thank you for watching!
Fun fact, due to how our zoning laws go, landlords are incentivized to create one bedroom apartments. While at the same time, if you take on a roommate, that savings may not be persistent. X number of people who take on roommates will have a sudden illness in the next year, or get fired or dies in a car accident, or any number of issues beyond the persons control. So if you take on a roommate to save 1/2 of your rent, but the unit costs 25% more, if that roommate has something happen before the 6 month mark you are now losing money having to take on the extra cost. And again, it's not a question of if it will happen, just a question of if it happens to you.
I have suspicions that, with the increase in domestic violence, during the lockdown, that this will increase, with roommates, tiny homes, and people living with people they do not like, anymore than they do their neighbors and coworkers, as it is. That there will also be an increase in the murder rate. I live in a one bedroom apartment and I’ve recently inherited a mortgage free home. I’ve had one neighbor that, quite likely, wanted me to be her free caregiver and even take her in, with her dog (I have 2 cats). She was MAD AF because that was not about to occur. Another “friend” who’d help me occasionally, in clearing out my mother’s hoard, from the house, but “decided” she was going to move in, take the top floor and pay $1000/mo. No discussion. No lease. Maybe she “forgot” I own the home. So, there are marauders out there, who come with a smile or even drop a toothbrush and act like, “Good luck gettin’ me out,” because the laws are in their favor and they pretty much own the house, more than the owner, with the fight that will ensue. So, if a person is thinking about a roommate, they’d better ensure boundaries are erected and respected. Personally, if I even thought my pets got hurt in such a scenario, that roommate would have some REALLY BIG PROBLEMS.
Also it's a ton of risk because in many states once you move in with someone you can't leave or kick them out without the other person's consent. No thanks!
Not college roommates when I'm 39 and not roommates that have kids or old folks. Been there before and it doesn't work when you have a job and you have to use the same bathroom and washer and dryer. I've been late to work more than several times because of roommate disputes like I'm still living at my mom's and my brother and I are getting into a fight. Unless there's established rules and times that synchronize with yours and the roommates times then yes, but then you might as well ve married or in a relationship
100% agreed. One of my living situations included a 'House Contract' with all our roommates in which we all agreed to certain terms and regulated it amongst ourselves. Sound rules, clean up rules, it was all there and kept people accountable to each other.
If you're a rich college student that has no work ethic and you have a roommate that is married and has kids and they're in Low income but is always working, there's gonna be issues
Grown adults having multiple roomates should not be an option. Sure it is something that may have to be done but people in there 40s even working retail if your clocking 65+ hours a week you should be able to afford a studio...
You. I like you and agree with this 100%. We treat housing as another disposable commodity, having moved away from generational housing and I sincerely believe we need to move back to thinking of 'home' as a legacy item. I live here, where my parents lived, where my grandparents lived, etc. A security blanket, save point (and safe place haha), an assurance that it'll be there even if you decide to travel and see what you can do outside of that land/home. Thank you for bringing this up!
How about NO! And how about we demand that Wall Street stops buying up family homes everywhere and stop driving up prices! Also, and if people aren’t making enough to live alone then we aren’t getting PAID ENOUGH AND THATS CALLED WAGE THEFT! This is terrible advice, roommates are the worst!
100% agreed, hopefully this is a last resort and turns out well for any who have to go down this path, at least until we can all figure out how to get paid more via upskilling and/or legislation.
Quick follow-up: Lots of good feedback in the comments! Check them out to see a lot of good points made.
Obviously, this isn't a desirable fix to the rising costs of living. It feels like using a tourniquet when your foot gets severed: Yes, it stops the bleeding, but it also cuts off circulation to the other tissues below the tourniquet and buys you limited time to get medical assistance.
The real solution would be time to heal the flesh wound, or in this case, reassess zoning laws that prohibit restricted housing building projects, more supply leading to lower prices. How can we make that happen?
Until we can adjust housing supply or increase our pay, this video is simply pointing out the discomfort we may have to go through to get ahead... if not just to get by.
Praying for you all! Hopefully whatever circumstances you're in, you're safe and life is treating you well. Good luck out there.
Thank you for watching!
Especially culture and financial differences.
Fun fact, due to how our zoning laws go, landlords are incentivized to create one bedroom apartments.
While at the same time, if you take on a roommate, that savings may not be persistent.
X number of people who take on roommates will have a sudden illness in the next year, or get fired or dies in a car accident, or any number of issues beyond the persons control. So if you take on a roommate to save 1/2 of your rent, but the unit costs 25% more, if that roommate has something happen before the 6 month mark you are now losing money having to take on the extra cost.
And again, it's not a question of if it will happen, just a question of if it happens to you.
Truth! Zoning laws make things that much more difficult. Thank you for bringing that up, and following up your points with math. :)
I have suspicions that, with the increase in domestic violence, during the lockdown, that this will increase, with roommates, tiny homes, and people living with people they do not like, anymore than they do their neighbors and coworkers, as it is. That there will also be an increase in the murder rate.
I live in a one bedroom apartment and I’ve recently inherited a mortgage free home. I’ve had one neighbor that, quite likely, wanted me to be her free caregiver and even take her in, with her dog (I have 2 cats). She was MAD AF because that was not about to occur. Another “friend” who’d help me occasionally, in clearing out my mother’s hoard, from the house, but “decided” she was going to move in, take the top floor and pay $1000/mo. No discussion. No lease. Maybe she “forgot” I own the home.
So, there are marauders out there, who come with a smile or even drop a toothbrush and act like, “Good luck gettin’ me out,” because the laws are in their favor and they pretty much own the house, more than the owner, with the fight that will ensue.
So, if a person is thinking about a roommate, they’d better ensure boundaries are erected and respected.
Personally, if I even thought my pets got hurt in such a scenario, that roommate would have some REALLY BIG PROBLEMS.
And you can't miss a rent payment because of roommate disputes especially these days. It's a slippery slope with roommates
Just facts.
Also it's a ton of risk because in many states once you move in with someone you can't leave or kick them out without the other person's consent. No thanks!
Not college roommates when I'm 39 and not roommates that have kids or old folks. Been there before and it doesn't work when you have a job and you have to use the same bathroom and washer and dryer. I've been late to work more than several times because of roommate disputes like I'm still living at my mom's and my brother and I are getting into a fight. Unless there's established rules and times that synchronize with yours and the roommates times then yes, but then you might as well ve married or in a relationship
100% agreed. One of my living situations included a 'House Contract' with all our roommates in which we all agreed to certain terms and regulated it amongst ourselves. Sound rules, clean up rules, it was all there and kept people accountable to each other.
If you're a rich college student that has no work ethic and you have a roommate that is married and has kids and they're in Low income but is always working, there's gonna be issues
Unless your in college.
It doesn't work with any other age
Grown adults having multiple roomates should not be an option. Sure it is something that may have to be done but people in there 40s even working retail if your clocking 65+ hours a week you should be able to afford a studio...
100% agreed, hopefully this is a last resort and turns out well for any who have to go down this path.
Intergenerational households are the solution. Otherwise, we aren’t gonna vote our way out of any current problems today.
You. I like you and agree with this 100%. We treat housing as another disposable commodity, having moved away from generational housing and I sincerely believe we need to move back to thinking of 'home' as a legacy item. I live here, where my parents lived, where my grandparents lived, etc. A security blanket, save point (and safe place haha), an assurance that it'll be there even if you decide to travel and see what you can do outside of that land/home. Thank you for bringing this up!
Roommates will f you over in ways you've never even thought of. Way easier to just find an affordable 1 bed and not have the headache.
Hey, if that's easier I say go for it! :)
How about NO! And how about we demand that Wall Street stops buying up family homes everywhere and stop driving up prices! Also, and if people aren’t making enough to live alone then we aren’t getting PAID ENOUGH AND THATS CALLED WAGE THEFT! This is terrible advice, roommates are the worst!
100% agreed, hopefully this is a last resort and turns out well for any who have to go down this path, at least until we can all figure out how to get paid more via upskilling and/or legislation.