Todd: So Heidi, we're talking about demographics and population. Now we actually both live in Japan. So you are from Mongolia. I'm from the U.S. and we go to the same university. You're a student. I'm a teacher. Now in Japan, have ever heard the term 'parasite child'?
Heidi: Yes, I heard. Yeah.
Todd: Can you explain what parasite child is?
Heidi: Well for me, parasite child is even if you get older, you're still living with your parents and not paying for anything. Just getting money from your parents probably. That's the term of the parasite child.
Todd: Right, exactly. And in Japan, it's also quite a big issue because they have a population that's shrinking, and so they want people to get married and have children, but lots of children actually get a job, are professionals, like doctors and lawyers even, and they still live with their parents, so they don't move out and start families and these are often called a parasite child cause they continue to stay at home. Now do you have this in your country in Mongolia?
Heidi: Well, I don't know if it's called parasite or not, but then in Mongolia, the young couples are still living with their parents, and not paying anything as well, and they're just working and making money for themselves and not paying for the family. Well, the reason why is in Mongolia the apartment cost is really expensive and for the young couples it's really hard to afford for the apartment, so that's probably the reason they are still living with their family.
Todd: Wow, that's interesting. So you're saying they're actually together, like a married couple and they still live with their parents.
Heidi: Yes, that's right.
Todd: And you said the main reason is because the apartments are really expensive?
Heidi: Yes, that's really expensive and even if they get the loan from the bank, they can't pay like less than ten years, so it's kind of hard to like afford for it, so...
Todd: Actually, that's really surprising because as you mentioned earlier, you're country is really big. Like you don't have a problem with land, so you would think that housing would be very cheap?
Heidi: Well, the problem is people are living in the capitol city. Even if you have big land, but the capitol city is really small, and there are so many people who wants to live in the capitol city, and the capitol city land is really expensive, and even if you want to build your own house, it costs a lot so there are not many people who wants to live in another city than Ulon Bator, which is the capitol city of Mongolia.
Todd: Now because it's a big city, is it also hard for people to actually get houses, like they have to live in apartment buildings.
Heidi: Yeah. Mainly Mongolian people are living in the apartments. Yeah.
Todd: Wow, that's really interesting to find out about. It's actually I think quite similar in America surprisingly these days where some people, young people, are starting to live at home.