Young couples are choosing to move in together early in their relationships to save money.
Mr Colin Wang and Ms Caroline Li chose to move in together early in their relationship to save money on housing and living costs.
“It was very difficult to find something that was pretty close to campus that was reasonable in price, and it was also in the middle of the school year,” said Mr Wang, who had reached UCLA’s three-year limit on student housing, which allowed him to pay US$1,425 a month in rent instead of the market rate of US$2,000 or more.
“Younger generations are really having to look for ways to be thrifty and bring their housing costs down, especially in big cities where rents are still really high and home prices are really high,” said Ms Hannah Jones, a senior economic research analyst for Realtor.com. “If there are significant differences and there isn’t a foundation around how we talk about difficult things, be it finances or anything else, then it can exacerbate some of those stresses that you would already feel,” said Ms Osequeda, who specialises in working with young adults and young couples through life transitions.
“I came into it saying, ‘I can afford US$1,000 as my portion of the rent,’” said Ms Cadagin, who was previously renting a two-bedroom apartment with a roommate in another area of Chicago where they each paid US$900 a month. “I think it’s definitely been a test of our relationship living together, but it has also strengthened it a lot, and I feel so comfortable with him,” she said.In June 2021, Ms Eva Hersch, 26, and her boyfriend moved to Philadelphia together after one year of dating in New York City.
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