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

Jowo_2

Riq wrote: »

Just because you pay board does not set you up for life in the outside world. I really don't get this idea that just because someone pays rent to their parents they instantly become all spending savvy.

The OP has a 21 year old son who lives with him in one of the most expensive cities in the world who gets £950 per month in his hand after tax and refuses to pay more than £200 per month. That's about £45 per week so probably covers his groceries and perhaps some bills, like CT or energy. This appears to leave him with £175 per week to spend on himself.

The moment the OPs son moves into lodgings, his expenses are likely to treble. If he becomes a private tenant, his entire income could vanish on basic expenses.

The son may not become spending savvy for the rest of his life if forced to pay a more realistic sum for his living expenses but at least he's having his complacency tackled, one where his father is able to demonstrate to him that out of the bosom of his family who cushion him from economic reality, the ratio of spending a minority of the wages on essentials and the majority on luxuries is reversed.

It doesn't do that young man any favours if he thinks he can live on £45 per week and that his parents should subsidise his social life.

debrag

If I was living at home I'd be paying £50 a week including bills, thats in Nottingham. My parents have no mortgage, so I wouldn't be paying towards that.

Oldernotwiser

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.....

I was never in a position to buy even a flat until I married in my thirties; I was flat sharing up until a year before that. It's never been easy to buy somewhere if you live in the south east but people were content to share with others and didn't expect their own place until far older!

Oldernotwiser

themanbearpig wrote: »

I pay nothing. I help out around the house, and pull my weight, but I don't pay rent.

There is something very working class about charging children rent.

And that is a problem because...?

poppysarah

themanbearpig wrote: »

I pay nothing. I help out around the house, and pull my weight, but I don't pay rent.

There is something very working class about charging children rent.

I think it makes kids better human beings when they realise that everything has a cost.

AMILLIONDOLLARS

themanbearpig wrote: »

I pay nothing. I help out around the house, and pull my weight, but I don't pay rent.

There is something very working class about charging children rent.

You're in for the shock of your life. One day you'll have to pay rent AND help around the house. If I were you I'd get some practice in now:D

AMD

mlz1413

Riq wrote: »

You're insane, actually insane.

A 3rd?!

You maybe 25 by gosh the world is going to bite you in the behind soon if you think a 1/3 of your wage is a lot of money!!

I think 1/4 to a 1/3 is very reasonable to have your own room, all the bills paid, a personal cleaner and washer/ironer of your clothes plus a personal cook (ok I know all those people are your Mum).

I remember paying 100% of my wages to my mortgage, bills and food and having a part time job and lodger so I could afford to run the car and have a small amount of personal cash.

I now consider myself comfortably off because the mortgage and bills are only 1/2 my take home pay.

tek-monkey

Yet somehow because we lived like that, we've deprived todays kids of being able to easily afford a house.

I actually don't own, I am buying my first place now at 33. I have been house sharing for the last dozen years, because I want my lifestyle but don't think my mum should pay for it. I did however see what all my friends who purchased back then went through, and know how expensive it was for me to rent back then too.

Jowo_2

I know someone, a house owner in their mid 40s, who still can't do basic household budgeting and live within their means and I do wonder whether the degree of support she gets from friends and relatives has made her lack the drive to sort out her own problems.

I think its some kind of learned helplessness whereby if they appear a bit pathetic, they've realised that people will rally around and do everything that a normal householder ordinarily does themselves.

Her friends and family routinely bail her out by paying to fix, decorate and furnish her flat, car and PC, pay her household debts (council tax, mobile phone) and routinely pick up the tab in bars, restaurants and taxi fares. Yet this is someone who has worked for the majority of her life, has had lodgers for long periods and enjoys lengthy holidays abroad in Asia and Australasia.

When a favour is called back by her friends, inevitably she can't summon up the energy to reciprocate and often moans about it, bodges it or palms it off on someone else.

Being surrounded by 'white knights' just seems to make the recipient lazy and scrounging rather than resourceful and responsible for managing their own budget.

Perhaps this is why it is important to emphasise to a person when they are young that they must meet their own expenses, live within their means and feel the consequences of their poor budgeting decisions rather than outsource everything to the 'bank of mum and dad' and exploit the goodwill of friends.

Catblue

I also feel that it may engender a sense of entitlement in the person involved, which can be very damaging in their future relationships.

If someone is constantly given the impression that they do not need to contribute to running a household and that they do not have to bear the responsibilities that other (presumably lesser) people should bear, then this can really store up problems for them in the long term.

It can be an extremely difficult adjustment for them when they are trying to forge a new partnership with someone.

I think we all probably know someone like this - their adult relationships are very prone to failure because their new partners will not put up with a partner who refuses to pull his weight. And the problem is that this person truly does not know how to pull his weight - because it is something that was never taught to him.