Press release
For Love or Money? Realtor.com® Survey Finds that Housing Costs Impact Romantic Decisions
Eighty percent of Gen Z respondents who have moved in with a romantic partner say that finances and/or logistics contributed to their decision SANTA CLARA,
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[{"type":"text","content":"Eighty percent of Gen Z respondents who have moved in with a romantic partner say that finances and/or logistics contributed to their decision\nSANTA CLARA, Calif., Feb. 13, 2023 /PRNewswire/ -- Moving in with a romantic partner is a big step, and one that shouldn't be taken lightly. However, when it comes to taking the next step in their relationship, 63% of people who have moved in with a romantic partner said that their decision was impacted by finances and/or logistics. Realtor.com® and HarrisX surveyed 3,009 consumers to highlight how today's expensive housing market is impacting people's love lives.\n\"Living with a romantic partner might bring a couple closer together, but it can also magnify potential issues in a relationship,\" said Clare Trapasso, executive news editor, Realtor.com®. \"While the idea of splitting the rent or mortgage can be very attractive, it's important to have tough conversations with your partner and think through how living together will work before you take the plunge.\"\nYounger respondents were significantly more likely to be persuaded by money/logistics with 80% of Gen Z and 76% of Millennials saying that one or both of these things were a factor in moving in with a romantic partner. This is compared to 56% of Gen X, 44% of Baby Boomers who said the same thing.\nWill you be my… roommate?Unsurprisingly, among those who factored finances and/or logistics into their decision to move in with a partner, Gen Z respondents (56%) – who have faced notoriously high housing costs in their lifetime – were the most likely to say that saving money by splitting the rent/mortgage was a contributing factor. Additionally, 70% of all respondents who have moved in with a partner reported that they were able to save money by moving in. The most common amounts saved per month were:\n$1- $500 (27%)$501 - $1,000 (20%)$1,001 - $2,000 (13%)$2,001 - $5,000 (6%)More than $5,000 (4%)A significant percentage of respondents who have moved in with a partner moved into a home that one person already rented (37%) or owned (21%), while 30% decided to start fresh with a new rental and 9% took the leap directly into buying a home together.\nDon't go breaking my heartNot all relationships work out and living with a partner isn't always easy. Forty-two percent of people who have moved in with a romantic partner ended up regretting ...