Frustration of a market on a knife edge!

Smashing

They've even coined a term for it now - KIPPERS (kids in parents' pockets erroding retirement savings).

Personally I don't see the problem with living at home, but I think this is what people mean when they say that parents who let their adult children live at home without rent aren't doing them any favours.

Your problem? You have too many choices. If your parents kicked you out, you'd only have to choose between buying and renting. See? They'd be doing you a favour really.

MrSafeGaz

neas wrote: »

At 25... living with your parents would seem strange to a woman. Thats the real point. Cant stay in the nest forever. My point was you seem to dislike sharing with others... i'd feel like i was taking advantage of my parents... who after spending 18 years of bringing me up... deserve a break so they can enjoy each others company once again... in peace.

Correction. Strange to some women but not to those educated enough to understand the situation i.e. the ones which matter. I have no problem with sharing with others.

neas wrote: »

You didnt share at uni, which is very very odd, as it generally costs more not to share. And instead of share with friends you just stayed at home. The general argument I and others put across was that you've missed out, by becoming a 'mummys boy'.

I think you need to re-read the posts. I did share at uni. I didn't stay at home. I didn't 'miss out'.

neas wrote: »

Maybe we are wrong, but thats how people judge it. You got a good thing going, so why don't you just stay at your parents house forever, I mean itll be a big shock to you owning/taking care of your own house... why not just stay there forever... or like another poster has put forward move your girlfriend in with you... im sure your mum/dad would really love it.

Some people have been mothered too much.

You obviously know that the current housing climate is tough. You have obviously read some of my posts which state over and over that I am biding my time for the next 12 months. So I am unsure why you are suggesting this. It would certainly be a big shock if I plunged myself into a mortgage right now and within 12 months the market took a big turn for the worse.

BallandChain

Some people have mentioned guys still living at home in their 20s is weird. Surely girls in their 20s will still be living at home given the economic climate. (I'm female btw, wish I was 20, lol.) I think these guys are extremely lucky to have such great parents. I wouldn't want to house share either, not then and not now.

Edited to say I think Gaz is having a hard time here when all he's doing is being sensible. Not many guys are that careful with money and you should be commended.

MrSafeGaz

trudiha wrote: »

But it's not just about debating a subject, you are all putting your lives on hold so that you can save for a deposit. Of course that would be a laudable thing to do in a few years time but you are just out of uni and you have put your nose to the grindstone to save enough so that you can saddle yourself with a crippling mortgage and, undoubtedly when you are finally able to pay that comfortable you will be moving on to pension provision.

Madness, I tell you.

Surely you can have the best of both worlds? I can do what I want, when I want in my current situation. I have plenty of money to go out when I want but at the same time I can prepare myself so that the crippling mortgage is not quite as crippling. Besides we are talking like 12 months preparation for the next 50 years. A small amount of time for the potential benefits gained.

trudiha

MrSafeGaz wrote: »

Surely you can have the best of both worlds? I can do what I want, when I want in my current situation. I have plenty of money to go out when I want but at the same time I can prepare myself so that the crippling mortgage is not quite as crippling. Besides we are talking like 12 months preparation for the next 50 years. A small amount of time for the potential benefits gained.

I've obviously misunderstood what you have been saying, I was under the impression that you were all saving so hard for a deposit that you weren't in a position to even pay your parents housekeeping money never mind do anything else. If it more a case of giving it large at the weekend and then talking about saving on the interweb, that's much more normal. Fair play to you.

MrSafeGaz

BallandChain wrote: »

Edited to say I think Gaz is having a hard time here when all he's doing is being sensible. Not many guys are that careful with money and you should be commended.

I have to admit, this debate certainly got my attention and I am surprised by the negative response if I am honest. A hell of alot of my mates, male and female, are in exactly the same position and none of us feel as if we are missing out on life in anyway. I think its just people from different backgrounds/areas/age groups who just perceive things differently. It's a very interesting contrast.

BallandChain

I'm saving for a deposit too and I'm twice your age so I know how you young uns feel!

MrSafeGaz

trudiha wrote: »

I've obviously misunderstood what you have been saying, I was under the impression that you were all saving so hard for a deposit that you weren't in a position to even pay your parents housekeeping money never mind do anything else. If it more a case of giving it large at the weekend and then talking about saving on the interweb, that's much more normal. Fair play to you.

Yeah, maybe a misunderstanding. Until about 12 months or so ago I used to fritter all my money away going out most nights. I found this website which opened my eyes up to a few things and I was given the option by my parents to either pay them 'rent' which I would eventually get back or be responsible enough with my money to invest it myself. Now I have seriously started gearing up to getting myself a house I am very weary of commiting myself to renting contracts because I would prefer to make sure that when the right time comes, I can get that house and will be better off for it.

neverdespairgirl

mr.broderick wrote: »

90% of the looneytunes on here looking to buy havent got a penny deposit they make me laugh and you are doing the same at this very minute. Never roughed it.

<sigh>

figure out of nowhere......

I don't intend to buy at the moment, as we've discussed before. I think it's the wrong time.

But OH and I are saving over £1k a month, and already have a 6 figure deposit. So not exactly pennyless, just have some sense.

Pez2

mrstinchcombe wrote: »

I feel like I'm taking crazy pills!

I'm in an annoying situation and just venting my frustration. I'm 25 now, did the whole uni thing and now I'm in a job thats as recession proof as any other. Problem is I'm living with the folks still, thinking I can't sponge off them forever and because things are going well at work ideally its time for me to move out as a FTB.

Unfortunately for reasons everyone knows about now would appear a silly time to be buying a first home (which would be a 1 bed pokey flat in a crap area of Bristol), but thats no consolation cos I want to move out!

Anyone else in a similar situation?

Chin up. There are plenty of people in the world who don't where they'll be sleeping the next night, or where their next meal is coming from. If all you've got to worry about is how long you'll have to wait before you can buy a house then you're luckier than the majority of people on this planet. You should be counting your lucky stars about the things you do have instead of worrying about what you haven't got yet.