Debate House Prices


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Housing Shortage Forces Millions of Adults to Live With Parents

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  • mayonnaise
    mayonnaise Posts: 3,690 Forumite
    the 'clipped wing generation'

    1977. Boomers queuing for bread.

    6643740015_9e9336993b_z.jpg

    2014. The 'clipped wing generation' queuing for an iPad.

    120316iPadQueues_5947768.jpg
    Don't blame me, I voted Remain.
  • beecher2
    beecher2 Posts: 3,677 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Maybe a lot of them don't want to leave - I know quite a few who get a good deal at home and have no real desire to leave. At age 17 I was desperate to leave home and feel independent - I don't meet many 17 year olds who feel the same way.
  • I have a 30 yr old colleague who has no intention of moving out of his parents home, he has a long term gf but chooses to keep his disposable income over a home of his own. He and his gf could easily afford their own home but choose not to. I find it puzzling myself but I suppose it's a case of horses for courses.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    With more comfortable living in a lot of family homes + really easy-going and laid back parents, there's no burning need/desire to get out ASAP to get away from their rules and old fashioned sofa.

    That's why people used to be more keen to leave home: so they could do what they wanted..... stuff maybe this generation are allowed to "get away with", like going out after 9pm and coming home after 2am.
  • lukeh23
    lukeh23 Posts: 207 Forumite
    mayonnaise wrote: »
    1977. Boomers queuing for bread.

    6643740015_9e9336993b_z.jpg

    2014. The 'clipped wing generation' queuing for an iPad.

    120316iPadQueues_5947768.jpg

    That can all be negated by posting a photo of a food bank queue, but that would be adding more stupidity, which you already have covered.
  • Percy1983
    Percy1983 Posts: 5,244 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It does just make sense as long as you get along of course.

    I work with somebody born the same year as me, they started renting 1 year before I bought a house, they have recently moved back home as they couldn't save much while renting and plan to buy when they have saved enough.

    I do think there may be a few cultural differences, when it was possible to buy or rent on a single salary in a normal job then you would have to question why people didn't move out.

    These days you need a decent income and probably 2 of them, of course getting qualified and finding somebody to buy/rent with does take more time so its hardly shocking people are moving out later.

    But hey we do all have ipads to keep us entertained... so I have heard... I must have lost mine or something.
    Have my first business premises (+4th business) 01/11/2017
    Quit day job to run 3 businesses 08/02/2017
    Started third business 25/06/2016
    Son born 13/09/2015
    Started a second business 03/08/2013
    Officially the owner of my own business since 13/01/2012
  • beecher2
    beecher2 Posts: 3,677 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Percy1983 wrote: »
    I do think there may be a few cultural differences, when it was possible to buy or rent on a single salary in a normal job then you would have to question why people didn't move out.
    .

    I didn't know anyone who rented alone - everyone shared flats (and often rooms). Rents were high 20 years ago - a one bed flat was £300 when my earnings were less than £700 so living rooms were used as bedrooms.
  • ruggedtoast
    ruggedtoast Posts: 9,819 Forumite
    A lot of people in that age group would always have been at their parents' still. I left home when I was nearly 30 - to live in a caravan!

    I thought you first lived in a car?
  • samsam89
    samsam89 Posts: 216 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    I'm 25 and my girlfriend is 24. We're desperate to get on the property ladder but there aren't many affordable houses out there for us, and the ones that are just about affordable simply aren't suitable (i.e. flats, maisonettes and retirement bungalows in the area we live in) for what we need.

    We've got £12,000 saved up between us for a potential deposit and that has taken us long enough as we're not high earners.

    It's very frustrating and the more house prices rise the less chance we have of being able to afford one as our wages aren't rising with them. Not to mention that the more they rise the more reluctant we are to buy, as sooner or later prices will have to fall and we'll be left sitting in negative equity.
  • samsam89
    samsam89 Posts: 216 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    article-2595298-1CC4D6FA00000578-479_634x424.jpg
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