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More Californians move in with parents

This plight is a contributor to the tight inventory – kids will be more likely to occupy their parents’ home, rather than selling it.  Hat tip to WC for this boomer article in the latimes.com – an excerpt:

Debbie Rohr lives with her husband and twin teenage sons in a well-tended  three-bedroom home in Salinas.

The ranch-style house has a spacious kitchen that looks out on a yard filled  with rose bushes. It’s a modest but comfortable house, the type that Rohr, 52,  pictured for herself at this stage of life.

She just never imagined that it would be her childhood home, a return to a  bedroom where she once hung posters of Olivia Newton-John and curled up with her  beloved Mrs. Beasley doll.

Driven by economic necessity — Rohr has been chronically unemployed and her  husband lost his job last year — she moved her family back home with her  77-year-old mother.

At a time when the still sluggish economy has sent a flood of jobless young  adults back home, older people are quietly moving in with their parents at twice  the rate of their younger counterparts.

http://www.latimes.com/business/la-fi-adults-in-parents-home-20140421,0,2293806.story#ixzz2zd2YL6Nk

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