Housing Shortage Forces Millions of Adults to Live With Parents

HAMISH_MCTAVISH

Better build a few million more houses then, as prices will continue to rise if we don't.

Percy1983

HAMISH_MCTAVISH wrote: »

Better build a few million more houses then, as prices will continue to rise if we don't.

Sounds like a good plan!

PasturesNew

ruggedtoast wrote: »

I thought you first lived in a car?

No, my friend lived in a car, then his gf moved in. Her parents went mad, I was sitting beside the car, on the riverbank, when they turned up to drag her home.

moneyinmypocket

I moved out of home at age 19!!!!
Why are these adults living with parents still, suck it up and go into a house share, I did!

CLAPTON

moneyinmypocket wrote: »

I moved out of home at age 19!!!!
Why are these adults living with parents still, suck it up and go into a house share, I did!

why should young people copy your example?


are you a recognise role model, with huge achievements directly related to having a house share.

J_i_m

It's all about personal choice. I don't see why some people feel the need to sneer at other people's choices or why some seem to think that they are better than others for moving out earlier.

I'm now in my 30's and I live with a parent. I had moved out in my mid 20's and rented but personal circumstances and finances motivated me to move back again. I wasn't "forced" too, but I made the choice as it represented the best way for me to save money towards a deposit on a property of my own.

Bantex_2

J_i_m wrote: »

It's all about personal choice. I don't see why some people feel the need to sneer at other people's choices or why some seem to think that they are better than others for moving out earlier.

I'm now in my 30's and I live with a parent. I had moved out in my mid 20's and rented but personal circumstances and finances motivated me to move back again. I wasn't "forced" too, but I made the choice as it represented the best way for me to save money towards a deposit on a property of my own.

Have to say that I would have been a bit embarrased at 30 if a met someone and had to say I was still living with my parents. Must be a bit restrictive.

pickledonionspaceraider

I agree Bantex, there definately is a certain ''stigma'' attached to living with your parents past a certain age - although I am not quite sure what age that is.

I couldn't wait to move out, and did so at age 16 into a rented flat- even the prospect of cheap or free board and lodgings wouldn't have held me back - Not that there was anything wrong with living at home, it was nice, but I was desperate to be independant

I often wonder if people would still have children if they realised there was a high risk of them still living at home and still being dependant in their 30s or 40's - it hardly seems fair on parents in retirement age to still be financially funding fully grown adults.

People say how the young have got it hard these days, but not in my opinion - they have it easy, off the backs of their parents. Parents are now financially funding their offspring until the offspring are middle aged, it seems like the parents get the mucky end of the stick, really

KnightSmile

Some of the 'older generation' on here sound very smug.

If you look at the national average wage 30-40 years ago in relation to borrowing multiples and property prices versus today's equivalent situation you will find that many of the smug 'older generation' wouldn't have been able to afford their first properties in the areas they moved to nowadays, regardless of how hard you saved.

I have friends who rent, own or live at home. Home ownership isn't impossible these days but it is a lot more difficult for people, particularly in the south-east and London.

People who bought a long time ago might want to work out what their starting wage would be in today's money and figure out what that would equate to in relation to property prices today rather than banging on about how they owned at the age of 12 because they didnt spend all their money on iPads (because they weren't invented!).

ukcarper

KnightSmile wrote: »

Some of the 'older generation' on here sound very smug.

If you look at the national average wage 30-40 years ago in relation to borrowing multiples and property prices versus today's equivalent situation you will find that many of the smug 'older generation' wouldn't have been able to afford their first properties in the areas they moved to nowadays, regardless of how hard you saved.

I have friends who rent, own or live at home. Home ownership isn't impossible these days but it is a lot more difficult for people, particularly in the south-east and London.

People who bought a long time ago might want to work out what their starting wage would be in today's money and figure out what that would equate to in relation to property prices today rather than banging on about how they owned at the age of 12 because they didnt spend all their money on iPads (because they weren't invented!).

40 years ago prices were just under 5x average wage compared to 6x now.