Why buy or rent if you parents can support you?

Scooby_Man

Hi All

A question I have (not really anything to do with personal experience) but from seeing several extended familes living in the same homes: What is the benefit of moving into your own home if there is enough space and no politics living in your parents home?

Also, bear in mind that nearly all these extended families i know, the children have houses of their own but let them out to save paying the mortgage. Their thinking is that why pay the mortgage to a house you own when someone else can do it for you and you can live with your parents.

Regards

Troubleatmill_2

I guess this is more of a cultural or personal thing.... leaving the nest.
In some cultures having everyone under one roof is their idea of bliss.
As much as I love my folks and extended family.. it would be my idea of hell.

Don't get me wrong... it is lovely to see them when they visit, but it is lovely when they leave and the house is back to normal again.

If you are happy living with your folks then why not stay.
You could use any money you have to buy a property and rent it out as you said.

Why would you wish to move out...
1/ Privacy
2/ Your life starts to revolve more around you.


This is a personal one...and should be for you to find the answer to the question rather than your parents promting the answers.

Best
Troubleatmill

Scooby_Man

Yes - very true...Those I know of living in the extended set-up are Asian. Living in this set-up is quite the norm back in India etc. You also save costs on things like baby-sitting etc.

clutton_2

this all sounds terribly mercenary !!!!!!!

Scooby_Man

clutton wrote:

this all sounds terribly mercenary !!!!!!!

My friend...just cultural differences, and I can fully appreciate them.

clutton_2

i meant "why rent/buy if your parents can support you " - ie - why should us grown ups continue to be dependent on our parents, they have a life too, and i expect they might want some space and privacy to get on with it, once the "fledglings" have flown the nest !!!!! (at least in some cultures ....)

advent1122

I would rather have my eyeballs pierced than live back with my parents.

Alan_M_2

Strangely I've discussed this with my family, my parents are now in their 70's and my father has a slow debilitating illness, we have discussed the idea of pooling our resources and buying a house with gate house/annex/staff cottages type thing and all live on the same plot, albeit in self contained units.....it's quite a sensible idea.

Redbedhead

So you can have your own personal space?

Edimew

I don't see anything wrong with living with your parents if that's your choice. I don't see why they should support you, though. If you're an adult you should pay your own way. It's usually cheaper to live at home so you still benefit financially.

I left home at 18 because I wanted my independance (roughly translated as boys and parties ) My sister, however left at 47 my brother at 38.

scorpio_princess

Troubleatmill wrote:

I guess this is more of a cultural or personal thing.... leaving the nest.
In some cultures having everyone under one roof is their idea of bliss.
As much as I love my folks and extended family.. it would be my idea of hell.

Don't get me wrong... it is lovely to see them when they visit, but it is lovely when they leave and the house is back to normal again.

If you are happy living with your folks then why not stay.
You could use any money you have to buy a property and rent it out as you said.

Why would you wish to move out...
1/ Privacy
2/ Your life starts to revolve more around you.


This is a personal one...and should be for you to find the answer to the question rather than your parents promting the answers.

Best
Troubleatmill

I agree with you - of course I love my family, and I like it when they visit me/I visit them, but it's so nice to have everything the way I want it and have my own space. I also work with my parents, so it sometimes got a bit fraught when I lived at home! I just like being able to go out without giving a full description of where i'm going and who with - don't get me wrong, they were never too bad in that respect, but there's always that element of 'stop treating me like a child' in there somewhere!

To be honest, i'd rather have less money and more freedom - you can't put a price on not being nagged to do the washing up!