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1.6m people aged 20-40 'living with parents'

24567

Comments

  • moneyinmypocket
    moneyinmypocket Posts: 908 Forumite
    Disgraceful - when I was 19 I moved out - first place was a house share in a right dump moved shortly afterwards to another house share which was much nicer - £350 a month all bills included
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    I'm a boomer and I didn't leave home until I was 24. My brother left home when he was 30. This isn't a new phenomenon. Plus if people are at home still aged 40, they should be asking themselves why they didn't buy a house 15 years ago when prices were still at a low.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • JanCee
    JanCee Posts: 1,241 Forumite
    vivatifosi wrote: »
    I'm a boomer and I didn't leave home until I was 24. My brother left home when he was 30. This isn't a new phenomenon. Plus if people are at home still aged 40, they should be asking themselves why they didn't buy a house 15 years ago when prices were still at a low.

    Same here, didn't leave home until 25, used the time to save like mad to put the required 10% deposit down on a house.
  • FATBALLZ
    FATBALLZ Posts: 5,146 Forumite
    JanCee wrote: »
    Same here, didn't leave home until 25, used the time to save like mad to put the required 10% deposit down on a house.

    Really? What age were you when you started work? I started (full time) work at 21, moved out into a rental the month before my job started, bought at 26 and put down 20% on a house that presumably cost far more than yours did (due to HPI). What does 'save like mad' actually mean? Or did you buy a mansion?
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I'm 33 and don't know anyone who lived at home after the age of 21/22.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    FATBALLZ wrote: »
    Really? What age were you when you started work? I started (full time) work at 21, moved out into a rental the month before my job started, bought at 26 and put down 20% on a house that presumably cost far more than yours did (due to HPI). What does 'save like mad' actually mean? Or did you buy a mansion?

    I take it you bought in the mid 2000s
  • FATBALLZ
    FATBALLZ Posts: 5,146 Forumite
    ukcarper wrote: »
    I take it you bought in the mid 2000s

    No, why? I bought last year. I'm confused here as to how 'saving like mad' equates to about £6000 (in todays money) over a 4-9 year period, whilst having little or no outgoings. Sounds more like 'doing a half arsed job of saving' to me.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    FATBALLZ wrote: »
    No, why? I bought last year. I'm confused here as to how 'saving like mad' equates to about £6000 (in todays money) over a 4-9 year period, whilst having little or no outgoings. Sounds more like 'doing a half arsed job of saving' to me.

    Can you explain to Graham and a few others how you did it because they tell me in is impossible.

    By the way I needed the equivalent of £25k for a 10% deposit in the 70s
  • FATBALLZ
    FATBALLZ Posts: 5,146 Forumite
    ukcarper wrote: »
    Can you explain to Graham and a few others how you did it because they tell me in is impossible.

    By the way I needed the equivalent of £25k for a 10% deposit in the 70s

    Is your £250k FTB property specifically to do with London pricing? Historical average prices for the UK seem to be between £60k and £80k in real terms during the 70s (well, 1975 onwards, as the data starts in 1975).
  • Zekko
    Zekko Posts: 241 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    In some cultures it is quite common for people aged 20-40 to still be living with their parents.
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