Fox News
Expand
Browse All Video
Watch Live

You're watching...

Empty nesters expecting company?

Details

  • Description

    Survey: 1 in 3 homeowners expecting adult kids or parents to move in

  • Duration 4:16
  • Date

Clips

Also in this playlist...

Editor's Picks

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

-- -- -- -- -- -- -- -- -- and a new survey of homeowners revealing one in three -- planning for their adult kids or their parents to move in with them in the near future.

Might think this is a terrible indicator for the economy but John you actually say -- the good news not.

I think it is good news we have to stop somewhere let's say -- them -- -- -- But you -- many of the people that I know who have kids moving back in with them are moving in with their parents are doing it for one major reason.

To save money which is now a lost -- in an American thanks to some of that federal policy as we have there is no incentive to save money.

Secondarily when those people are moving back and they're fixing up that basement that paint in the room they're buying some new wallpaper some new rugs.

And we have to start somewhere by some durable goods may be higher and a handyman a paint company.

These are the little things that may be the building blocks to getting a new president and getting us back on track and.

Kids are you talking about how I have never -- kid I knew.

That the Pentagon -- the.

Have a commitment.

The data lineup robs for the kids when I got an old kids that not all -- and that they're coming home disabled or not that's what it is it's mom and dad again Jonas got him.

And involve his kids love the Star Wars -- -- -- really don't think there are doing a whole lot of home renovations in -- basement.

-- -- I will say there's a big issue here and that is that and I don't think either our candidate or president is is -- is these kids are coming out these -- thousand -- degrees.

That our history that are in things that art films that are just -- -- no match for today's workforce so they are not a good fit to what they where the jobs are today that plus construction worker got a business.

We don't address that they're going to be burdened by debt and Kim and check this out because right now is the easiest time for a kid.

To go -- I would try got to college you can get it FHA loan 3% down a -- -- in many markets under a 100000 dollars at -- -- -- payment.

And you got a house knew how -- fans breathing down your neck.

And they're choosing a home over that it must be a very bad labor market.

And that's so we really had to address of the government and not feasible -- It will Susan that's a good point this is a sign that people don't have jobs that they're that they're fighting you know dat that is now trillion dollars or for student -- at this point.

A huge issue I wouldn't say it necessarily only because people don't have jobs but I do think that a lot of people to John's point which I agree with.

Are trying to be more economical about the living situation I think this is actually -- great.

-- to see if they're trying to save and help pay down their debt.

Earlier rather than just sort of spend a lifetime in debt never getting into the right kinds of jobs never becoming more productive members of the labor force because there's battle -- that stat.

Okay Gary K you've got a couple of boy ways you expecting them to come on -- there are they gonna be boomerang kids and is that a good thing for the economy.

Look I I love my sons and one of them came home this weekend from college brought home a dog and the dog you know what on the rug so I got a body into -- and it's kind of the economy going.

But that there is nothing good of ballots twenty somethings living with the parents.

For the most part these are people that don't have a job -- they don't have a job in not spending if they're not spending the economy's worsening if the economy's worsening the jobs of course.

And then you did get the vicious cycle I don't see anything good about -- look I'd love my -- the liberty for the rest of their lives that's how much I love them.

But at first slowing economy's getting better you gonna see the opposite.

And I think it was -- -- -- -- right this is the best time.

For -- -- to have jobs because.

Interest rates -- -- -- the ability to be able to bite us a small Condo with something with 3% that's like -- well you.

This and get rid of the -- that I never thought that -- be kind of the -- used to see in the good old days where generations would all live together and become closer and save money I didn't like it bent but he ups where business Daily -- visible -- tell but I.

I love you very much.

Now get the hell out I but I but that.

-- economic standpoint personal is -- know.

Just our luck but but the I don't think is is where we're not getting a household formation household formations represent about you know -- a one -- does sometimes 1% of the entire GDP the country -- old Rodgers dishonest so much.

So by breaking that cycle you don't buy -- -- these kids are buying cars either Bill White cars of tomorrow no houses no cars bottom out when we -- -- video game that's the way accounts all right that's got to be the last word got its.

-- locked the doors.

Load More