Double up!

From NJ1015:

A housing trend that is exploding in NJ

Is it the money? Is it the melting pot?

It’s both.

There is a huge, growing trend happening in New Jersey. Increasingly, families are living in multigenerational households, where three generations, and sometimes even more, reside under the same roof.

According to a recent study by Deeds.com using U.S. Census Bureau data, New Jersey ranks 6th in the nation for this trend. This means 4.46% of Garden State homes have at least three generations living there. That translates to 157,000 out of the state’s 3.5 million households.

We already knew that New Jersey is incredibly expensive, which is why it became the number one state for grown children still living at home with their parents. Here, 42.7% of adults 18 to 34 years old continue to live with their parents. It’s not an independence problem. It’s a financial problem.

So it only makes sense that those sane economic realities have resulted in the exploding trend of even more generations living together. But it’s not only money.

We also have a high number of foreign-born residents here. Such a diverse population includes immigrant communities from Asia, Latin America and the Caribbean, where multigenerational living had already been a cultural norm.

The only states where this is happening even more than here are Maryland, Delaware, Texas, California, and Hawaii, with Hawaii being number one. So if you’re going to be selling your home and it happens to include an in-law suite, you might be sitting pretty.

This entry was posted in Demographics, Economics, National Real Estate, New Jersey Real Estate. Bookmark the permalink.

20 Responses to Double up!

  1. Jo Jo White says:

    First and best

  2. 3b says:

    I see multi generational living arrangements, usually among the Asian community. Mom and Dad move in with their married child, and provide day care for their grandparents while they work.

    I don’t know if this will catch on with white people. Optics and all of that, although it may, we shall see.

  3. Chad Powers says:

    3b,
    This is very common in Hawaii where we lived for two years. There it is totally due to the cost and availability of housing. Lots of Japanese, Koreans, etc, there.

  4. Very Stable Genius says:

    Administration’s accomplishments:

    *No plan on country’s decaying infrastructure
    *10 years working on replacing Obamacare
    *Increasing federal debt by 4 Trillion
    *No plan on air traffic control crisis
    *Increasing market volatility, increased inflation
    *Destroying the livelihood of hundreds of thousands of government workers
    *TACO on tariffs. Any non-retarded person knows that tariffs solve no issue but create mkt volatility to enrich wall street
    *No national plan on artificial intelligence
    *Nothing on national drug consumption

    etc, etc, etc

  5. 3b says:

    Chad: Should have said take care of grandchildren. Yes, it seems to be common with Asian/ Indian people. It has a lot of positives, also negatives, but those are the tradeoffs.

  6. Walking says:

    Largest egg producer in us just lost 95 percent of his chickens in Arizona site. Begs to get approval of bird flu vaccine. But when the stuff science guys teach at schools is considered fake , well you get no vaccine.

  7. Blame5yrsForDrugAddledCausedBlackEye says:

    Pumpkin,

    Your post in last thread about 2 classes. Homeowners before ‘21 and everything else. I go everything else.

    Your other post about imminent China threat by big whale. Well this is the best time to do something against USA as its leadership is incompetent at multiple points.

    Friday was MAGA trades announcements leading to Monday sell of as by 9pm Sunday China will answer for Monday morning markets. By noon time Monday is TACO trade buy back will start as King Chickenshit Turds out.

    If China wants to hit hard. This will be one of the best time. Automatically ~60% of the country will have no sympathy for King Taco and will root for him to fall face down hard with uglier black eyes than Elmo in his ketamine induced self pissing episodes.

  8. Brt says:

    Why is infrastructure decaying?

  9. 3b says:

    BRT: Infrastructure was fine, it just started decaying when Trump took office a few months ago. It was also decaying when he was president in 2016, but then he was not re elected, and Biden and the Democrats fixed the decay, then Trump won again and it started to decay again. Do you understand now?

  10. Dark Phoenix says:

    The irrational fear of becoming poor when you ars filthy wealthy:

    The rich aren’t biting this year — sparking concerns about the state of the economy.

    The super-wealthy, who flock to the Hamptons every summer to live in the lap of luxury, aren’t spending tens of thousands per month to do so anymore.

    A rental crisis has hit the Eastern end of Long Island, as mansion rentals are down 30 percent this year, according to CNBC.

    And the luxury rental market that is usually booked every summer doesn’t show any signs of improving.

    New York City residents — who make up the majority of Hamptonites — will likely miss their infinity pools, tennis courts, and ocean views.

    For ultra high-end rentals, brokers say their business is down between 50 percent and 75 percent.

    While some people may simply be holding out for better deals, brokers say renters are concerned about economic instability.

    ‘People are holding on to their money,’ said Enzo Morabito, head of the Hamptons-based Enzo Morabito Team at Douglas Elliman. ‘They don’t like uncertainty.’

  11. Dark Phoenix says:

    Please correct me if I am reading this wrong:

    Does this mean they are all doing it?

    An investigation into officer Scott Palmer by the Warren County Prosecutor’s Office began in April after they received information from the Phillipsburg Police Department, authorities said.

    Palmer, who joined the force in 2023, is charged with criminal computer activity, the Warren County Prosecutor’s Office said.

    In a statement, Palmer’s attorney said his client is innocent, blaming double standards at the Phillipsburg Police Department, “which often has received a ‘look-the-other-way’ treatment for some and aggressive persecution of others,” Donald Souders Jr. said.

  12. 3b says:

    Dark: Some really wealthy folks who go to the Hamptons and will continue to go, regardless of economic uncertainties. And then there are those who go to the Hamptons who ain’t all that wealthy, but like to pretend they are. It’s more difficult for them to continue the charade with economic uncertainties.

  13. Heywood Jablomee says:

    Bidum Administration’s accomplishments:

    *No plan on country’s decaying infrastructure. 10% used, rest went to demorat campaigns and left think tanks and commitees
    *10 years working on replacing Obamacare. Estimates say it will take two decades to unwind the abuse trail.
    *Increasing federal debt by 5.2 Trillion
    *No plan on air traffic control crisis. Butigig was on leave. See infrastructure bill abuse above.
    *Increasing market volatility. Increased inflation to 9.5%.
    *Hiring hundreds of thousands of government workers creating wasteful redondundancy.
    *No national plan on artificial intelligence
    *Nothing on national drug consumption. Fentynyl killing 100s daily.
    *12 million illegals invade.

    etc, etc, etc

  14. Dark Phoenix says:

    Heywood,

    Let’s not forget the trillions he gave to Ukraine.
    The trillions he gave to other foreign countries.

    The roads here with potholes.
    The deficit that he created, that Trump’s new deal is going to make even worse.
    The homeless veterans.

  15. Dark Phoenix says:

    Show me z papers old man. Sign z papers. Where act zu papers?

    Ammon Fepuleai said he didn’t have a single drink on the night of Nov. 7, 2023. But when he pulled up to a Honolulu police sobriety checkpoint, an officer claimed to smell alcohol anyway.

    Body-camera footage later showed Fepuleai followed instructions during a field sobriety test, showed no signs of impairment and blew a 0.00 on a breathalyzer, court records state. Still, officers arrested him, shut down the checkpoint early and drove Fepuleai to a police station, according to a lawsuit filed Thursday by the American Civil Liberties Union of Hawaii.

    Fepuleai, who was visiting Hawaii for his cousin’s wedding, is now one of three lead plaintiffs in the class-action lawsuit alleging that the Honolulu Police Department has been unlawfully arresting sober drivers in an aggressive push to boost DUI arrest numbers — often without probable cause and in violation of due process rights.

    The ACLU of Hawaii, which filed the suit in state court, says it has identified at least 127 people arrested from 2022 through 2024 whose breath or blood tests showed a blood alcohol level of 0.00. Nearly 9 in 10 were never charged with any crime — not even a traffic violation.

  16. RentL0rd says:

    If you are going to blame someone, at least get the facts right. Break down who increased by how much the federal deficit in each term. Be honest.

    Say what you will on AI, but biden admin had a strong regulation on ai and cryptocurrency criminal regulatory body that promptly got disbanded by trump.

    So who are you lying to? Yourself?

  17. Dark Phoenix says:

    3b

    Regarding your divorce article yesterday.

    Female author.
    3 female “victims”

    Where is the balance in the article? At what point was a man’s divorce represented?

    Of course the female author isn’t going to represent or even mention the men’s point of view.

    While the men are out working “Dirty Jobs,” Plumbing and electrical work, the “college eductated” women are out there writing hit job after hit job on men with there clicky little fingers, dictating the narriative, pushing thier agenda.

    Men are such passive creatures when it comes to writing articles.

  18. 3b says:

    Dark: I was just noting the articl, not viewing it from a male vs female position. I know a lot of good men, that got screwed by bad women, fortunately they came out of the divorce and thrived. Their ex wives, not so much, and are still ugly and bitter. It’s like they hate to see that their former husbands have move on with their lives, while they still wallow in anger and bitterness, even after they got what they wanted. A couple of guys I know, have partners, but not married, and have no intention of ever marrying again. One had a partner who thought she would change his mind, but she didn’t, and he sent her packing. A couple of others, are living well but no interest in having a relationship with another woman in any capacity, and they have had many opportunities. I know a couple of others, still married, staying for the kids, and living a life of quiet desperation.

  19. BRT says:

    3b, thanks for clearing that up. All jokes aside… I saw massive infrastructure building in Arizona on my last trip. But in NJ, if you dedicate money to it, these firms make it disappear without anything to show for it with no repercussions.

  20. YouGotToKnow ToKnowThatYouKnow says:

    BRT,

    To understand NJ infrastructure you got to understand Joseph Zanzari and J Fletcher Creamer. They work independently and together all the time

    What Lockheed Martin, Martin Marietta, Boeing are to the Military Industrial Complex
    this companies are to NJ public infrastructure.

    BTW. Anyone saw Mountainhead in HBO. It looks like a Musk, Andressen, Altman and someone else soap opera. But it shows how nerdy, unrealistic and full of themselves they are. And how they will bring about into power a psychopath killer with their delusions. Just like the Russian oligarchs brought about Putin.

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