A shocking number of Americans have roommates – but that number is even higher in SF


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Flying the coop was once a young adult rite of passage, but according to a new report, many Americans are returning home to roost or seeking out roommates.

Flying the coop was once a young adult rite of passage, but according to a new report, many Americans are returning home to roost or seeking out roommates.

Photo: Eric Audras/Getty Images/Onoky
























Flying the coop was once a young adult rite of passage, but according to a new report, many Americans are returning home to roost or seeking roommates.

Thirty percent of working-age adults – those aged 23 to 65 – live in “doubled-up households,” according to the report from real estate site Zillow. That number is a 9 percentage point jump from a low of 21 percent in 2005.

No surprises here: The figures are even bleaker in San Francisco, where Zillow found 38 percent of adults live with mom and pop, or roommates.


As one might assume, Zillow found a “strong relationship” between doubling-up and rental affordability.

SEE ALSO: SF renters are now facing another, very bizarre headache

“In metro areas where rent drains a larger share of household income, more adults choose to live with roommates or family members,” explained Zillow, which compiled its data from individual Census responses.


Young people have it even worse. More than half of those aged 23-29 live in doubled-up households, Zillow said. That makes sense, especially in the Bay Area, where a 2016 RadPad study projected college graduates could spend, on average, up to 79 percent of their salaries on rent.


These are the most expensive cities to rent a 2 bedroom apartment in.


Media: WochIt Media



It’s easy to assume that this is a case of lazy Millennials shunning rent to maintain their prodigal avocado toast habit. But Zillow found the likelihood of a doubled-up lifestyle “has increased at the same rate among employed and underemployed adults since 2005, regardless of age.”

“A more likely hypothesis,” Zillow explains, “is that young people are especially likely to be underemployed … rendering some of them unable to afford escalating rents on their own.”


Article source: https://www.sfgate.com/realestate/article/sf-bay-area-rent-roommates-parents-study-12432178.php

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