What sort of rent do people charge 18-25 year old children

Fire_Fox

mbga9pgf wrote: »

If you old sods hadn't got so greedy, perhaps us youngsters would actually be able to afford a pLace of their own? Ftb affordability is still worse than at the last peak in 1991. That's with record low rates and prices having fallen. Intergenerational theft isn't In it.....

More twenty-somethings could afford a place of their own if they didn't expect to live in the south, run two cars, two mobile phone, satellite TV, games console, active social life, new clothes AND have annual foreign holidays.

My parents (dad senior lecturer, mum part-time teacher) bought a large three bedroom house in Surrey in 1975. In order to manage that most of our garden was fruit and chickens, weekends were spent on our allotment growing vegetables, we had a permanent succession of paying lodgers, hand-me-down clothes, one television, one car, camping for holidays. My parents retired to a duplex apartment in Yorkshire in their fifties and were last spotted touring the USA in their luxury motor-home - not bad for the son of a Leeds bricklayer! :T

I am now 36 own my flat outright, can survive on a very low income and still put money away. To get where I am financially I have moved to Bradford, never owned a car, no kids, holiday every five years, nights in with my mates, spend half my life on MSE. Those are the sacrifices I make to have my own home.

tanjatucker

edgex wrote: »

its not indulgence though


if a child has gone to university within the past 10 years, even more so since 2006, they will have debt Not true. I graduated in 2006 and had £200 in my bank account on the day of my last exam, no debts whatsoever and this was without any student loan/grant etc paying for everything myself. I worked hard throughout my degree, so not many nights in the student union bar , but it was worth it. Higher tuition fees nowadays may mean you might have to accept some debts, but 10s of thousands of £s like a lot of graduates seem to have is excessive!
the only way they wont is if the parents have fully funded all the living & tuition costs

graduating from uni now is nothing like it was 20+ years ago
graduate employment is down, wages are lower, jobs are not as secure.

...the world of today, & tomorrow, is radically different to how it was 20+ years ago

look at the continent, they dont start leaving home at 18 I left at 18 the day after I graduated from high school in Germany to work abroad, and my two siblings lefy even earlier, lots of places people will be at home until the mid 20's or later.

I guess all I'm trying to say is that if you really wanted to be independent at 18 nowadays, it's still possible if you put your mind to it.

tek-monkey

mbga9pgf wrote: »

If you old sods hadn't got so greedy, perhaps us youngsters would actually be able to afford a pLace of their own? Ftb affordability is still worse than at the last peak in 1991. That's with record low rates and prices having fallen.

Intergenerational theft isn't In it.....

The problem is kids today have it too good at home, and expect that of their own place. They don't want to hear about us sitting in wearing 3 jumpers because we couldn't afford the heating, they just think everything should be there on a plate. If you want to live like we did 20 years ago its very easy, you are better off on benefits now than we were working back then. Hell, just the introduction of a minimum wage changed things massively for a lot of us.

Greed? I prefer to think of it as taking financial responsibility for my own life. My mum has done her bit, time to let her live out the rest of her life in peace.

kells1232002

I pay for £160 a month and I am 24. All of which my mum has been putting up for me into savings for the last two years (which I did not know about and did not expect).

HurdyGurdy

£200 a month, to include all food and utilities.

My son pays us an extra £20 a month, as he has a Sky+ box in his room, and he also subscribes to ESPN.

They buy their own toiletries, but everything else is included in their board money.

We supported them fully while they were in full time education - any money they earned from part time work was their own to do as they pleased with, but once they stopped education, they had to start paying up.

SingleSue

I had to pay my parents keep when I was young and still living at home, although I moved out perm at age 18 (had had a short time away when I was 16). Can't for the life of me remember how much it was (I do have the figure of £15 in my head, my weekly pay was £40 at age 16 but not sure if that was correct).

I didn't and still don't see any problem with paying keep to your parents once you are working, my children know they will be charged once they are earning and if they are still living at home...it teaches good budgeting skills.

My parents never helped with a deposit for a property but in recent years where everything seems to have gone a bit boob up for me, they have been there for me, not just with emotional support but also some financial support too in the form of the odd meal, letting me camp out at their house in the winter because they have the heating on full, helping me out with car repair bills (which I always pay back in weekly instalments) and occasionally slipping me the odd fiver to treat the kids to a Mac D's or something.

So I think I have more than got back what I gave them all those years ago in keep.

GrammarGirl

I moved out when I went to uni at 19, came back in the summer holidays and moved out permanently at 21. My Mum didn't charge me rent as I was still in education when I lived with her, and I didn't go back after I'd graduated. My OH lived at home for a year after graduation but his parents didn't charge him anything.

To be honest, I really don't think anyone can pass judgment on this kind of situation. If a parent doesn't feel comfortable charging their child money for continuing to live in the family home, they shouldn't feel like they 'have' to. Similarly, if one parent charges more for rent than another, it's not necessarily too much. They've worked out an amount that suits them, that's their decision and they should stick by it.

If I had to move back home now (at 23), I'd be fully prepared to pay my Mum an amount she felt was fair. I don't think she'd take it, though. She's too soft!

theartfullodger

As I said in post #2...

funnyguy (? the name says it all??) asks...
Quote:
What sort of rent do people charge 18-25 year old children
- hopefully, the same they would hope to be charged if, in their old age & decrepitude they can't afford their own place & need to call upon the charity of their dear son/daughter....

Cheers!

Lodger

(What goes around comes around...)

MUMMYTO2BOYS

Get copies of all bills, divide them by the number of people in the house, show him the results and what his fair share or living with you is, watch him snap your hand off at £250.

Riq

I pay £120/month and I am 25 and earn quite well.

My life >>>>>>>>>>>>>>> Your son's life

:cheesy: