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Home ownership for many millennials will never be a reality. Even if you’re lucky enough to get help from your parents, so many in this generation have had to work harder, earn less, and have their adulthood shaped by precarity, writes @kelkord. https://thewalrus.ca/the-rise-of-the-roommate/ 1/6
In the first part of a new digital series on housing and home by The Walrus, @kelkord looks at the rise of the roommate. In the US, the 2008 recession propelled an adult-roommate boom that never ended. More here: https://thewalrus.ca/the-rise-of-the-roommate 2/6
It’s a trend in Canada too, where urban co-living startups, like Roost and SoulRooms, have adopted the broader turn toward “adult dorm” housing setups seen in cities from Dublin to New York. https://thewalrus.ca/the-rise-of-the-roommate/ 3/6
But what else is at play? Millennials are experiencing a generational landscape of underemployment and wage stagnation, of less in savings and more in debt. Read @kelkord’s full article here: https://thewalrus.ca/the-rise-of-the-roommate/ 4/6
This could mean a huge shift in how we live. Millennials make up the largest living generation in North America, but they are grossly underrepresented in the ranks of homeowners in the US and Canada. More here: https://thewalrus.ca/the-rise-of-the-roommate/ 5/6
But, even though millennials’ circumstances are far from ideal, they’re also poised to change the face of the household as we know it—in the long term and, perhaps surprisingly, for the better, writes @kelkord. Read her full article here: https://thewalrus.ca/the-rise-of-the-roommate/ 6/6
Want to read more about housing and home? Well, every Wednesday through December, in a new digital series, The Walrus looks at the transformations in where and how we live, and the meaning of home. Watch this space weekly for more: https://thewalrus.ca/livingrooms/
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