Housing Shortage Forces Millions of Adults to Live With Parents

Percy1983

moneyinmypocket wrote: »

A lot of these adults living at home with the parents need to move out ASAP to prove to the rest of us they have some toughness

It takes more toughness to ignore the abuse from ignorant people like yourself.

khards

thor wrote: »

Renting does not seem to be such a problem in quite a few countries including Germany.

Most other countries have more secure rental agreements, so that you won't be turfed out of your landlords commodity on a 21 at a months notice.

HAMISH_MCTAVISH

~So back on topic....

House Prices Force Adults To Live With Parents

The rising cost of buying a home means the 'clipped wing generation' are forced to remain with mum and dad.

Millions of young workers have been dubbed the "clipped wing generation" because they are forced to live with their parents by rising house prices.

Housing charity Shelter has published census data showing almost two million workers aged 20-34 in England alone - a quarter of the total - are living with parents or grandparents.

http://news.sky.com/story/1309194/house-prices-force-adults-to-live-with-parents

As usual, Shelter and the Media completely fail to address the real issue.

There simply aren't millions of spare houses for these millions of young adults to move into.

Which is why prices and rents are high.

The market is doing exactly what it is supposed to and rationing scarce goods through price.

Rents and house prices rise until millions are forced to stay at home with parents or share with friends. So ensuring the huge underlying demand drops to equalise with the very limited supply.

House prices are the symptom, the housing shortage is the cause.

MatteH

House prices are more like the symptoms of loose credit, bank bailouts, forbearance for missed payments, schemes like help to buy and ultra low interest rates.

Thrugelmir

thor wrote: »

Renting does not seem to be such a problem in quite a few countries including Germany.

They did lose around 90% of their residential housing stock in WW2.

So a different culture.

moneyinmypocket

Percy1983 wrote: »

It takes more toughness to ignore the abuse from ignorant people like yourself.

You were the first to brag when you bought - long drive way and 42" tv so don't get on your high horse now.

Just admit you live owning a home and stop this presence of denying it's good.

CLAPTON

MatteH wrote: »

House prices are more like the symptoms of loose credit, bank bailouts, forbearance for missed payments, schemes like help to buy and ultra low interest rates.

easy credit does tend to increase the price of goods and services.


however we don't notice this much for products like cars, food, cloths, haircuts, etc as supply usually expands with increasing price


in the housing market, house building doesn't expand so quickly mainly due to government restrictions


so broadly the price of houses in many of the more popular parts of the country is largely determined by the lack of supply.

Percy1983

moneyinmypocket wrote: »

You were the first to brag when you bought - long drive way and 42" tv so don't get on your high horse now.

Just admit you live owning a home and stop this presence of denying it's good.

47" I will have you know...

Anyway, you don't have to be on a high house to call out a troll, they are already under the bridge.

System

Percy1983 wrote: »

on a high house

Very good