Nate is an East Bay community papers editor for the Bay Area News Group and East Bay Times. He edits the Hills weekly Alameda Journal, Berkeley Voice, El Cerrito Journal, Montclarion and Piedmonter newspapers; Central Costa County's weekly Concord Transcript and Walnut Creek Journal papers; and East Contra Costa's weekly East County News.
All those Millennials and adult Gen Z’ers who have moved back home to live with parents after going off to college or to work in other places turn out to be doing a big favor for other Californians.Their willingness to return to their old bedrooms, perhaps with changed posters on the walls and better-quality beds, is one big reason homelessness has not climbed above the current 181,000-odd persons who are unhoused in the state every night.
At the same time, by declining to find multiple roommates and not moving into new apartments erected in the current building boomlet, they’re keeping California’s vacancy rates high in all but the most affordable buildings, something that may eventually drive market prices down and possibly then lower vacancy rates.
There’s little doubt, though, that at least a fourth of all California Millenials live with parents or other family members or that the Los Angeles metro area has the largest move-home contingent, at 35% of all Millenials in the region. Fully 80% of those in the Los Angeles region are with parents or parent-like figures; 89% in Oxnard live similarly. The Gen Z figures are only slightly lower in San Francisco , Stockton , San Diego and San Jose .
One big question is how long this can last. Will many Millenials eventually marry and move to states with far cheaper housing, like Texas, Idaho and Florida? Or will more of them find roommates and begin to share new housing now going up under California’s recent pro-density, pro-development laws?
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