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Boomerang “Kid” Econ 101

Economic recovery gets a boost from emptying the nest!

“About 20 million adult children in the U.S. live with their parents, and most are eager to move, says Peter Francese, a demographic analyst for advertising agency Ogilvy & Mather.”

Could kicking out boomerang “kids” pull us out of this recession?

“When people move into a new home, they tend to spend. A typical new… CONTINUE READING >>

David writes!

We have made our opinion on boomerang “kids” pretty clear here at GypsyNester.com.

We personally feel it is best for our offspring (and us!) to move onward and upward with our lives. Cultivating an adult-to-adult relationship would be extremely difficult if we were still living on top of each other in the old family home. Those conditions would only work to continue a parent-child relationship.

So we were pleased to find this article in Bloomberg Businessweek entitled “Kids Moving Out Are a Boon to the Economy” (Steve Matthews). It adds yet another reason to give those chicks a nudge out of the nest… it’s good for the economy.

“About 20 million adult children in the U.S. live with their parents, and most are eager to move, says Peter Francese, a demographic analyst for advertising agency Ogilvy & Mather.”

Shelby Webb was one of those twenty million until a few months ago, when she rented her first apartment after landing a job translating ads for a Spanish-language newspaper in Chattanooga.

“‘I love my parents, but I didn’t want to live with them anymore,’ says Webb, 22.”

By moving out, Shelby is doing more than making the move into a full adult life and allowing her parents to move on to the next phase of theirs, she is stimulating consumer spending. If more boomerang “kids” do this it could have a big impact on our economic recovery, because consumer spending accounts for some seventy percent of the American economy:

“When people move into a new home, they tend to spend. A typical new renter spends $600 to $1,900 on furniture, appliances, and other stuff related to setting up housekeeping in the first six months, says C. Britt Beemer, chairman of America’s Research Group in Charleston, S.C.”

So how big could this impact be? Well, quite large according to UBS Securities:

“This year, nearly 1 million new households will be created, UBS predicts, up from the 357,000 in the year ended March 2010.”

The article goes on to point out that increased consumer buying may not be the only positive effect on the economy. Those new households will not only stimulate spending, but could even breath some new life into the struggling housing industry.

“New households will help increase housing starts to about 648,000 this year and to nearly 900,000 in 2012, vs. 586,800 last year, estimates researcher Metrostudy.”

This alone should be enough incentive to start nudging those chicks out of the would-be empty nest. But it’s not just the economy that could feel the effects of un-boomeranging.

Self esteem could get a significant boost too, since…

“‘Most guys who live at home beyond some young age walk around with a great big ‘L’ [for “loser”] on their forehead,’ Francese says.”

We wouldn’t wish that on anybody. Good thing there’s an cure… that could also help pull us out of the recession.

A win-win situation, we think.

David, GypsyNester.com

YOUR turn: What do you think is the best reason to get those boomerang “kids” out into the world?

Monaco Pit Stop

Monaco. The richest country in the world – and the second smallest.  Home of the Grand Prix and megayachts. So what could we possibly afford to do there?

Well, first off,  we drove the route… CONTINUE READING >>

Port Hurcule, Monaco

Our little rented car, that we affectionately dubbed Benny, was quite a champ on our five thousand kilometer trek across Europe, but a Formula One car he was not.

Still, we had an experience to remember driving him along the very same roads that those fantastic machines race in the Monaco Grand Prix.

Monaco, built up the hill

Truth is, we happened upon the course by accident. Monaco, the second smallest country in the world, is tucked tightly on a hillside that drops right into the Mediterranean.

All we did was follow the road down toward the water, and the next thing we knew we were in a tunnel under a building, which turned out to be the famous Monte Carlo Casino.

That’s when things started to look familiar. We are a little embarrassed to admit it, but we actually recognized this spot from a Grand Prix video game, wait, that makes it even more cool to be driving it in real life.

Anyway, there we were on one of the world’s most famous race tracks, which is actually laid out using the city streets. How could we possibly pass up a pit stop?

Port Hercule, Monaco

We couldn’t. So we followed the race course to the sea, which brought us to Port Hercule.

The port got its name because, according to mythology, Hercules stopped by here and ran off all of the other gods.

A temple was built to him and named Hercules Monoikos, meaning Herc’s single house. This lead to the name Monaco.

Monaco

Through the centuries Monaco has been passed around as a part of Genoa, The Aragon Kingdom, The Kingdom of Sardinia and France before becoming an independent principality.

Throughout most of that time it was well known as a gambling center. The Monte Carlo Casino could very well be the best known in the world.

Monte Carlo Casino

Ian Fleming was probably most responsible for this when, in his first James Bond novel in 1953, he used The Monte Carlo as the basis for his Casino Royale.

Later, several of the Bond movies were shot in Monaco.

Luckily – for our wallets – we hadn’t packed evening wear, so we would not be allowed to go in and have our money removed. A little boat trip across the harbor would suit us just fine.

Just below the casino, the Bateau Bus Electrique Solaire de Monaco runs right through the thick of the bevy of bodacious yachts filling the harbor. Far and away the richest country on Earth, it’s no wonder these incredible private luxury liners are attracted to Monaco’s harbor.

Port Hurcule, Monaco

For just one Euro, without a doubt the best deal in the whole country, the little electric boat took us smoothly past the giant status symbols to the dock by the Prince’s Palace on the other side of the port.

After a quick gawk, we were on our way back. Also included in the single Euro fare. Unbelievable.

Restaurant Le Pattaya

Back on our side of the bay, we were beginning to feel the urge to take a pit stop in the middle of our pit stop.

The Restaurant Le Pattaya was right by the dock and, while not gourmet by any stretch of the imagination, it included several factors high on our list of desires.

A place to sit, something to drink, a quick bite, a great view of the harbor, wifi, and, perhaps most important, a bathroom.

Serious Megayacht-age

From our Pattaya perch on the seawall we watched the megayachts being provisioned while we munched on a passable pizza pie.

It must have been just the right time of the afternoon because a steady stream of trucks were pulling up and unloading box after box of supplies. Each floating mansion’s uniformed crew stood at the ready to stow the goods below deck.

The fine art of provisioning

Since this was only intended to be a quick pit stop for us, the time had come to work our way back up the hill to the main highway.

The maze of tiny, one way streets didn’t make this an easy task. We couldn’t go back the way we came, but in Monaco, as in all of Europe, the trick is to look for signs pointing the way to the next town on the desired route.

Well that’s Nice.

No, not nice like ‘have a nice day,’ Nice, like the city in France. Hmmm, maybe that should be their city slogan, Have a Nice Day.

David & Veronica, GypsyNester.com

Monaco Grand Prix, Tracing the Route!


enlarge video
The GypsyNesters drive the route of the Grand Prix! Hold on to your scooters! Truth is… CONTINUE READING >>

The GypsyNesters drive the route of the Grand Prix! Hold on to your scooters!

Truth is, we happened upon the course by accident. Monaco, the second smallest country in the world, is tucked tightly on a hillside that drops right into the Mediterranean. All we did was follow the road down toward the water, and the next thing we knew we were in a tunnel under a building, which turned out to be the famous Monte Carlo Casino. That’s when things started to look familiar. We are a little embarrassed to admit it, but we actually recognized this spot from a Grand Prix video game, wait, that makes it even more cool to be driving it in real life. Anyway, there we were on one of the world’s most famous race tracks, which is actually laid out using the city streets. How could we possibly pass up a pit stop?

For more on our Monaco Pit Stop: https://www.gypsynester.com/monaco.htm

Visit our GypsyNester YouTube Channel!

GypsyNesters on the Radio!

Get the GypsyNester story!

We joined Jill and Claudia over at Empty Nester Radio and had a BLAST.

Listen in as we answer these great questions:

How did you become known as the GypsyNesters?

What did your kids say when you told them of your plans?

Do you have… CONTINUE READING >>

Get the GypsyNester story!

We joined Jill and Claudia over at Empty Nester Radio and had a BLAST.

Listen in as we answer these great questions:

How did you become known as the GypsyNesters?

What did your kids say when you told them of your plans?

Do you have a home base?

Are your kids all in one place?

Is your life a perpetual vacation?

You guys spent a lot of time together, is it a rediscovery?

What’s the adventure that stands out most in your minds?

Do you speak any foreign languages?

Have you ever found a place that you’d want to settle down in?

Have you guys made it to Yellowstone?

What kind of technology do you use on the road?

Do you plan where you’re heading next?

What do you do about healthcare?

Is it liberating to get rid of all of your “stuff”?

Was is fun going through all of that stuff and getting rid of it?

Are you happy with the changes you’ve made in your lives?

What would be the first piece of advice you’d give someone wanting to follow a similar path?

Your Turn: Are there any other questions you have for us? We’ll be happy to answer back, so fire away!

Mounting the Alps

To make our way south to Italy, we would have to pull a Hannabal and cross The Alps. Fresh out of war elephants, we would be using our little rented Citroën we called Benny.  Our route would take us through the smallest German-speaking country in the world, Liechtenstein, and then… CONTINUE READING >>

The Alps

Benny!

To make our way south to Italy, we would have to pull a Hannabal and cross The Alps. Fresh out of war elephants, we would be using our little rented Citroën we called Benny.

Benny was perhaps the perfect vehicle for an alpine crossing because he had the biggest windshield of any car we’d ever seen.

It extended all the way up to the middle of the roof. Kind of a sunroof / windshield combo. Perfect for viewing the mountainous majesty.

The Alps

Our route would take us through the smallest German-speaking country in the world, Liechtenstein, and then, not as much over The Alps as through them, via The San Bernardino tunnel.

But before leaving the Germanic region of Europe, we needed one last food fix.

Flädlesuppe or Pancake Soup

At a little roadside cafe we dined al fresco on a farewell schnitzel and a Deutsch treat we were unfamiliar with, Flädlesuppe.

Our waitress called this “pancake soup.” It didn’t really sound so good to us, soggy flapjacks in a soup, but it was the only suppe offering for the day so, two bowls bitte.

Mmmm Schnitzel

Luckily, we were wrong. The pancakes were quite different from The International House of variety.

These were what are known as Palatschinken in these parts, more like a crêpe. They are heavier on the eggs in the dough, so they didn’t turn to mush in the broth.

No syrup needed and two thumbs up.

And the schnitzel was fantastic!

The Principality of Liechtenstein

Onward and upward. The Principality of Liechtenstein is perched up in the mountains, surrounded by Switzerland on three sides and Austria on the other.

For centuries the Liechtenstein dynasty longed for some land to call its own so they could join in with the other monarchies in Europe.

Finally, in 1712 they bought up this little plot and officially joined The Holy Roman Empire a few years later. When the empire collapsed, Liechtenstein managed to maintain its sovereignty.

Vaduz Castle, Liechtenstein

The Prince still lives in the Vaduz Castle overlooking the capital city of the same name. City might be a stretch, Vaduz is home to only about five thousand Liechtensteinians, including the prince and both of his castle guards.

Yup, there are only two guys guarding the royal residence. Considering that this is the second wealthiest country (per capita) in the world, they don’t seem too concerned with security. Hardly heist proof, we’d think.

The Alps

From the tiny principality we started to do some serious climbing, up toward San Bernardino Pass.

This pass is one of the handful of possible paths over The Alps. Though it’s not likely that any elephants came this way, they were probably farther to the west, records indicate that people have been using this route for over five hundred years.

For the last forty or so of those years, a tunnel has saved those travelers from facing the last fifteen hundred feet of the climb.

The Alps

The San Bernardino tunnel opened in 1967 and cut miles, and hours, off of the trip over the mountains. This ginormous hole also made the trip possible in the winter.

At just over four miles long, it’s hard to believe that this is nowhere near the longest of the tunnels through the Alps, the St. Gottard between Zurich and Milan is more than twice as long, over ten miles.

And under that same route the Swiss are finishing up the longest tunnel in the world, a railway link between the two cities that’s over thirty five miles long. Those zany Swiss are some tunnel diggin’ buffoons!

Before we entered the giant tube, we pulled off for a coffee and pee stop and stumbled upon perhaps the world’s highest, and strangest rest area.

The AlpsThe setting was somewhat surreal, a beautiful alpine meadow, herds of Swiss cows, complete with clanging cowbells around their necks, grazing among the chalets, and the weirdest toilets we have ever encountered.

We have experienced many types of potties in our travels, but nothing like this. A row of very high tech looking stainless, and we mean stainless, port-a- potties were out behind a little snack bar.

It took a little studying of the situation just to figure out how things might work. The toilet seat was attached to the wall, behind the bowl, in a vertical position.

Not a problem for the male of the species, as long as number one was all we were attempting. I just left well enough alone and wizzed away. I couldn’t figure out how to flush the bugger though.

I knew it would flush, since I could hear Veronica’s unit flushing like an avalanche repeatedly next door.

Back outside, we compared our water closet experiences. Veronica’s was certainly the more action packed. Faced with the desire to actually sit on the seat, she grabbed some tissue to shield her hand and pulled the sucker down from the wall.

Unfortunately, as soon as she let go to turn around and cop a squat, the damn thing flew right back up against the wall and violently flushed the bowl.

The crazy seat was spring loaded! It folded down off the wall like a trundle bed, then snapped back up, unless forcibly held in place, causing the loudest rush of a flush she’d ever heard.

After several attempts she managed to get up on the thing before it catapulted back against the wall.

It was the first time she’d been scared of a bathroom since potty training.

The Alps

The Alps

Bladders emptied and coffee cups filled, we were ready to burrow Benny under the mountains.

Four miles may not sound so long, but it’s enough of a distance to bring on a bit of a creepy feeling once we started thinking about just how much rock was overhead.

But we were comforted by the knowledge that the Swiss would never build anything less than the best in the world. They are seriously serious about doing things right, no matter how odd their porta johns might be.

Relieved to finally come out of the tunnel, we found ourselves in a different world. Due to another oddity of Switzerland – with its four official languages – all the road signs had morphed from German to Italian.

Ciao, baby.

David & Veronica, GypsyNester.com

What in the World of Warcraft is This Guy Thinking?

One of our readers sent me an email that really touched me:

I am not completely an empty nester unfortunately. My 20 year old son was not able to return to college this fall because of the lack of loans and grants available to him. So now he is doing nothing except for playing the computer game WoW (World of Warcraft) most of his waking hours. He did just purchase a small business that will make him a small living, but I pray he goes back to college. He is very bright and it would be such a waste if he didn’t. –Hannah

Hannah, my heart… CONTINUE READING >>

GypsyNester Boomerang Kid

One of our readers sent me an email that really touched me:

I am not completely an empty nester unfortunately. My 20 year old son was not able to return to college this fall because of the lack of loans and grants available to him. So now he is doing nothing except for playing the computer game WoW (World of Warcraft) most of his waking hours. He did just purchase a small business that will make him a small living, but I pray he goes back to college. He is very bright and it would be such a waste if he didn’t. –Hannah

Hannah, my heart goes out to you. As a mother of three adult children who has gone though the college years with all of its glories and pitfalls, I can only try to put myself in your shoes and let you know what I would do:

My son would need to get a game plan — and fast. Otherwise, by the time he gets his face out of the fake world of online gaming, this crucial part of his life will have passed him by. After all, none of his gaming gear would be there to assist him in real life. I would need to take action soon or I would find myself enabling my son to continue this lifestyle indefinitely. And that would be tragic.

I would sit down with my son and have the BIG TALK and have David on board as well. My emotional ducks would need to be in a row beforehand, strength is necessary for chats like these — my son’s future is at stake.

I would start by asking if it is his desire to return to college. If the answer is no (and let’s hope not), the discussion becomes clear. I would insist he move out. He needs to get a second job while he builds his business and to pay his own rent (and internet access). People do it everyday. Staying under my roof is only going to hurt him and he will continue down the same path.

He is 20 years old, a man, and needs to start acting like one. Period.

If the answer is yes, he needs to keep up with his studies. I would have brochures for local community colleges on hand. Encourage him to research the classes that offer credits transferable to the university he plans to attend. Explain to him that university admissions officers will be more willing to accept him back into the fold if he shows the drive to continue his education no matter what his circumstances.

In addition to school, he must get a job. I know how rough the job market is and it might not be the work he wants, but it’s the real world and he’ll love getting out in it (my kids worked in restaurants all through college to offset costs and it didn’t kill them — it was actually good for them).

What if my Adult Child is Addicted to Online Gaming?

Hannah, there is a possible screw in the works that you need to be aware of.

MMORPGs (Massively multiplayer online role-playing games) like World of Warcraft are an increasing concern for parents and members of the mental health community. It is currently listed as a condition warranting more clinical research by the American Psychiatric Association.

Addiction to online gaming has been linked to job loss, the college dropout rate, stunted social skills and death. I’m not kidding about the death part. Treatment facilities are cropping up all over the world, including residency programs in Europe, Asia and the United States.

If you feel your son needs help kicking WoW, there is help and, I encourage you to read this message from Online Gamers Anonymous:

Help! I think my adult child is addicted to video games!

I hope at least some of this helps you Hannah, and I wish the best of life to you and your son,

Veronica, GypsyNester.com

YOUR TURN: You’ve read what I’d do under these circumstances, what would YOU suggest Hannah do?