Any Other DFW's Living At Home?

System

In Belgium (and perhaps France) it is not considered unusual to live at home with the parents regardless of age in fact it is tradition for the family home to be passed on the siblings. Buying a house does pose a serious problem for me. I simply cannot afford to buy 1. Because of my debt at the mo I have very little expendable income and 2. my credit rating is shot to pieces. I now face the very real prospect of working well into my 60s just to pay off a mortgage. I anticipate being debt free when I am 39 + 25 year mortgage = 64. And god knows what I'll be able to afford - a shed more like!

Purpleroses

moved away at 17 to the mainland to go to Uni ended up in loads of debt so moved back home 2 years ago. there arent many places to rent up here and the prices of houses up here is insane so i think i'll be here for a wee while yet.

spud30

I cant help feeling it would be much easier to pay my debts off if I could sell up and move back home.

Sadly I dont have my parents anymore, so that isnt an option for me.

Storm

I moved in with my parents for a year after graduating to pay off the OD & CC (which I then promptly ran up again :rolleyes:) I've since lived in unfurnished places, so got all my furniture sorted, and once I've paid the debts off it's all systems go on trying to get a deposit together. I have already spoken to my parents about staying with them for a month or so between my last rental place & purchase goes through - purely to avoid having a month where I pay double!

I couldn't go back again though for a long time - I like my independence far too much, and my mum especially isn't one to keep her nose out!

ShirleyPark_2

Dithering_Dad wrote: »

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I plan to do what my parents did to me, send my kids off to Uni and then downsize to a smaller house while they're away. Well, they didn't really. I just made that up. They could have done though, so I still think it's a valid discussion point.

That is exactly what mine did to me and moved to a 2 bed cottage in the middle of nowhere and told me that I didn't have anywhere to live anymore, so I couldn't even go back during the holidays. Thankfully my nan took pity on me and she had a spare room so sometimes I went and stayed there.

Rose_Crow

babes21 wrote: »

I am not in debt as such (at the moment my credit card balance is £200 but hoping to clear that at the end of the month, never seems to work out that way though :rolleyes:).

I'm 22 and at the moment i can't afford to move out, what with house prices etc. I don't want to rent but eventually buy so i really need to start saving more to enable me to put a good deposit down. Fortunately living at home gives me a much better chance at this.

Sounds like we're both in the same situation, 21, £200 on a cc, living with parents and trying to save for a deposit. Glad I'm not the only one!

kiwigirl

I'm another one still living at home with parents. Nearly bought own place twice - once with my ex around 6 years ago then decided not to when he mentioned that his mum would then come and live with us and if either of his brother's ever got into trouble they could also live with us and oh he'd stop working and put everything on my cc (he'd already been doing anyway). He was dumped a few weeks after that and didn't realise why! :eek: He was 41 start of the year.

I was also going to go and buy a place 2/3 years ago, but my job started getting dodgy as I was being bullied by my line manager for around 2 years, in the end I complained and lost my job :mad: bully stayed in post, but was given some compensation money. If I had bought a place then I certainly couldn't afford to keep it when I went through all the legal things.

I've since dropped £10k in salary, saved up quite a deposit. Have finished paying off my student loan but can't afford a place of my own - for what I can afford I can get a static caravan in a caravan park or retirement flat! My current job I couldn't afford to pay rent / mortgage, I also watch after the house whilst my parents are away so that benefits them too.

I'm looking to relocate and staying at my parents has made me get a deposit and if I do get a job elsewhere I could just leave - no problems, not having to rent / sell my own place when I moved.

hattie_pea

I moved back to my mum and dad's in March and so far have put £1200 towards my debts in that short time to get me on the road to debt freedom! Its a bit weird and a definite lifestyle change but we compromise and work around eachother and ultimately I'm saving a fortune! Spending it was easy so I guess you have to expect that paying it back comes with a few caveats!

PeachPickle

I left home (for the second time!) a few months ago. Financially, it would have made more sense staying there but I was getting so miserable about it. I'm sharing now, which I don't particularly like but it's better! There's no way I'd be able to afford to buy here on my own, but I'll cross that bridge when I'm debt free. If that ever happens :rolleyes:

joeblack066

Never had the option, in fact my Dad moved in with me when my kids were small and I was in my late 20's, died 2 years later, Mother had lost the plot many years before and was insisiting that I wasn't me by that time!! Still, I do threaten my adult kids that I'm gonna move in with THEM, lol!!