Record numbers of young forced to live at home

ruggedtoast

CLAPTON wrote: »

life is more complicated that your narrow minded bigoted one track view

you are wrong

I do find it interesting how terribly angry you all get when faced with views that differ from your own.

Especially when your opinions are a minority everywhere else other than this board.

(Shift key is down there on the left by the way)

Loughton_Monkey

ruggedtoast wrote: »

I do find it interesting how terribly angry you all get when faced with views that differ from your own.

It is a bit ironic, when we consider how tolerant, open-minded, unprejudiced, and mild-mannered your own posts are.

gwen80

duchy wrote: »

A "job for life" is a thing of the past so many people see no benefit in buying early as they know they may need to be flexible geographically later to keep or secure new employment.

Absolutely. I have a house up north, but have had to live in the south for work. I can't see how/when I'll be able to stop moving around following jobs.

ash28

Other findings from the ONS study include:

• Some 65% of men and 52% of women aged 20 lived at home in 2013
• The figure decreases with age. At 34, 8% of men and 3% of women were living with parents
• The percentage of young people living with their parents who are unemployed was 13%, more than double the unemployment rate of those who live elsewhere, which was 6%
• A total of 510,000 people aged 35 to 64, 2% of the total population in that age group, were living with parents in 2013 - this rate has stayed stable since 1996, the ONS said.

I can't say I'm surprised at the number of 20 year olds living at home.....our 3 are in their early 30s and were all at home until their mid 20s and only moved out when they had met their significant other. They never mentioned moving out into a house share or renting a flat....and they could have done.

They seemed to have no desire to move out and we didn't pressure them. We were happy to have them and they seemed happy to be there.

And some people never leave the family home...I had an uncle who lived with my grandparents until they died, one of my mother's cousins did the same. So that's not unheard of.

Our grandson is 12 and will be in fulltime education until he is at least 18 (hopefully much longer), even if he doesn't go on to university I imagine he will still be with us when he is 20.

According to Eurostat the average age for leaving home in the UK is 23.9, in 2005 it was 23.5.....

Apart from the Nordic countries we have one of the lowest ages for leaving home in the EU, surely with the highest house prices that shouldn't be the case.

We are similar to France (23.5) and Germany (23.8), Netherlands (23.6), Austria (25.6),....it's much older for Southern and Eastern European countries, Italy (29.7), Spain (28.9), Portugal (28.8), Poland (28.8), Slovakia (30.9)......

Sweden (19.9), Denmark (21.1)

http://appsso.eurostat.ec.europa.eu/nui/show.do?dataset=yth_demo_030&lang=en

It's surprising how similar the average age for leaving home is between ourselves and Germany, as it's often held up as a model for housing, with regulated rents, life tenancies and property prices much lower than here.

J_i_m

I currently live "at home". I'm in my thirties.

I did move out a few years ago into rented accommodation.

But I was motivated (not forced, I had options and choices) to move back to my parents due to my income falling whilst the cost of living was sharply doing the opposite.

I was basically deep in my overdraft every month simply to make do (no socializing, no luxuries etc). I had no opportunity to save money and decided that this wasn't the way to live my life.

Whilst my income was falling... rents and cost of living was only going to go one way. I weighed up the options..should I move to a property with a lower rent?

That would have maybe taken a little pressure off on the utility bills but it wouldn't have provided any better conditions for saving money.

Should I move into shared accommodation and split the costs? Yes maybe, and that is now effectively what I'm doing. I moved back to my parents because the opportunity was there and was relatively little hassle in organizing the move. No deposits, no references etc.

I pay my share of the bills. There is no rent to pay though so I now have the means to save useful amounts of money which I can put towards a deposit of a property of my own.

In my view, a mortgage will be more manageable in the long term than rent.

Have I been forced back home? No. I made a calculated choice based on my personal circumstances because I was motivated to do so.

movilogo

Why living with parents is seen negatively?

Percy1983

movilogo wrote: »

Why living with parents is seen negatively?

This is the question.

In my case it meant cheaper rents for me and a profit for my mum and dad (cost of keeping me less than how much I gave them).

This worked while I go my career going and got myself into a position to buy and gave them free holidays every year I was there (less frequent now I have left).

The whole rent a room idea is fine but it would just lead to swapping children around, so why not just keep a tenant in the room they know and trust... there own offspring.

115K

movilogo wrote: »

Why living with parents is seen negatively?

My brother would like to move out but it would mean most of his salary going on rent. As it is he can live in a large 3 bed semi with over a 100 foot garden with our mother and I think he sees it as the lesser evil.:D

Carl31

J_i_m wrote: »

In my view, a mortgage will be more manageable in the long term than rent.

You sure?

Obligation to pay that can be stopped with a months notice, or obligation to pay back a vast sum + interest which cannot be stopped, unless you pay it all back in some way or another

should the worst happen work wise, which position would you rather be in?

ruggedtoast

Carl31 wrote: »

You sure?

Obligation to pay that can be stopped with a months notice, or obligation to pay back a vast sum + interest which cannot be stopped, unless you pay it all back in some way or another

should the worst happen work wise, which position would you rather be in?

I am a pretty risk averse person, but based on your logic no one can ever buy anywhere unless they are already rich.

I have a mortgage I need an income to pay. I have insurance that will pay my mortgage for a year if I lose my job, and skills that I can employ to get another job.

I dont regret leaving rented for a second. Renting in the UK is awful. Instead of just arguing with the douches on this forum for entertainment you have to actually speak to them in person everytime the washing machine breaks.