People have always mentioned that "its ok if you live with your parents", and this seems to be a common excuse given by the company to justify why a decent housing allowance is not paid to the locals.
Financially speaking, this is feasible. However, this should be a personal choice, if you have the option to live with your family, great! But professional airline pilots in their 20s and 30s shouldn't be living at home because there is no other way.