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Housing costs force 1.6m adults to live with parents
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=17397		 Page 1 of 2
Author:  Amnesia10 [ Sat Oct 13, 2012 8:13 pm ]
Post subject:  Housing costs force 1.6m adults to live with parents
http://www.guardian.co.uk/society/2012/oct/13/housing-costs-adults-live-with-parents

Quote:
More than 1.6 million people between the ages of 20 and 40 are living with their parents because they cannot afford to rent or buy their own home.

The figures are revealed in a report by YouGov on behalf of the housing and homelessness charity Shelter, which said they showed a "vivid picture of arrested development" for young people.

Nearly half of the parents surveyed said they did not believe their children would ever be able to get on the housing ladder. A similar number (44%) were concerned that living at home was holding their children back from leading an independent adult life.
Author:  ProfessorF [ Sat Oct 13, 2012 8:18 pm ]
Post subject:  Re: Housing costs force 1.6m adults to live with parents
I'd agree with just about all of that.
Author:  l3v1ck [ Sun Oct 14, 2012 6:42 am ]
Post subject:  Re: Housing costs force 1.6m adults to live with parents
+1
I don't know how people on minimum wage have any hope of buying a house these days, even in a [LIFTED] area.
Author:  AlunD [ Sun Oct 14, 2012 7:58 am ]
Post subject:  Re: Housing costs force 1.6m adults to live with parents
Quote:
Nearly half of the parents surveyed said they did not believe their children would ever be able to get on the housing ladder. A similar number (44%) were concerned that living at home was holding their children back from leading an independent adult life.

Sadly that applies to my two :roll:
Author:  MrStevenRogers [ Sun Oct 14, 2012 8:08 am ]
Post subject:  Re: Housing costs force 1.6m adults to live with parents
AlunD wrote:
Quote:
Nearly half of the parents surveyed said they did not believe their children would ever be able to get on the housing ladder. A similar number (44%) were concerned that living at home was holding their children back from leading an independent adult life.

Sadly that applies to my two :roll:


ditto ...
Author:  HeatherKay [ Sun Oct 14, 2012 8:41 am ]
Post subject:  Re: Housing costs force 1.6m adults to live with parents
When I first attempted to the fly the coop in the mid-1980s, I couldn't afford a mortgage.

At no time since have I been in a job which paid me nearly enough money to take out a mortgage.

I've just been lucky to find a soulmate who owned his house and didn't have a mortgage. I'd still be living in ratty one-room apartments - or worse - otherwise.
Author:  cloaked_wolf [ Sun Oct 14, 2012 9:04 am ]
Post subject:  Re: Housing costs force 1.6m adults to live with parents
I'm 30 years old, single and still living with my parents. Despite earning more than the average population, I still can't afford a frikkin' mortgage because of the huge ass deposit required. My friends who left med school at the same time as me and have a house have done so with a large cash gift from parents.
Author:  JJW009 [ Sun Oct 14, 2012 9:16 am ]
Post subject:  Re: Housing costs force 1.6m adults to live with parents
The idea that a 20 something year old might afford to buy their own house is a fairly recent one, and is the exception rather than the norm.

My parents left the country while I was at college so I had no choice but to rent. I stayed in cheap shared houses until I afford better. And by cheap, I mean about 4 square meters with no heating.
Author:  Amnesia10 [ Sun Oct 14, 2012 9:48 am ]
Post subject:  Re: Housing costs force 1.6m adults to live with parents
JJW009 wrote:
The idea that a 20 something year old might afford to buy their own house is a fairly recent one, and is the exception rather than the norm.

My parents left the country while I was at college so I had no choice but to rent. I stayed in cheap shared houses until I afford better. And by cheap, I mean about 4 square meters with no heating.

My parents bought their first home when my father was 35, but that was because he was in the Fleet Air Arm so we were on bases. He was able to afford the place with a normal deposit of the time of 25% and on a single wage. To buy on a single wage disappeared during the end of the eighties. The return of large deposits is sensible but the stupid income multiples is what has distorted the property market. If we had prices linked to wages on the same terms as my father we would have three bed house prices around £75000 even in the south of england. Whereas it is closer to £300 000.
Author:  paulzolo [ Sun Oct 14, 2012 9:51 am ]
Post subject:  Housing costs force 1.6m adults to live with parents
House prices are based on the notion of at least two incomes now.

That's the price you pay for letting the women out of the kitchen and into the workplace. ;-) (Look: sarcasm)
Author:  JJW009 [ Sun Oct 14, 2012 9:56 am ]
Post subject:  Re: Housing costs force 1.6m adults to live with parents
paulzolo wrote:
House prices are based on the notion of at least two incomes now.

That's the price you pay for letting the women out of the kitchen and into the workplace. ;-) (Look: sarcasm)

This is probably true. Contrary to popular belief, houses only sell for what people can afford. Since desirable properties in prime locations are in high demand, it's the dinkys that set the price.
Author:  JohnSheridan [ Sun Oct 14, 2012 10:36 am ]
Post subject:  Re: Housing costs force 1.6m adults to live with parents
I still live with my parents and I'm just over 40.

I could buy my own place but, tbh, I would feel lonely coming home to an empty house.
Author:  pcernie [ Sun Oct 14, 2012 11:12 am ]
Post subject:  Re: Housing costs force 1.6m adults to live with parents
Been saving for over a decade and my only costly habit is the fizzy stuff ;) , so I could afford to move out, but why bother? House prices were ridiculous to start with over here (in a country that deeply relies on the civil service, lower-paid jobs than that and enormous families), getting lower every few months whilst we're very close to another downturn, and mother dearest does all the sh1t I currently don't have to :twisted:

If my father and sister could just fcuk off and have a fatal accident somewhere I wouldn't move out until I could nearly afford a house outright!
Author:  jonbwfc [ Sun Oct 14, 2012 11:13 am ]
Post subject:  Housing costs force 1.6m adults to live with parents
When I left uni 20 years ago, I couldn't afford to buy my own home. I'd had some really bad experiences renting as a student and didn't want to get into it again so I ended up staying with them for about five years while I got a deposit together. So I'm not sure things have actually changed all that much to be honest.
Author:  Amnesia10 [ Sun Oct 14, 2012 11:21 am ]
Post subject:  Re: Housing costs force 1.6m adults to live with parents
paulzolo wrote:
House prices are based on the notion of at least two incomes now.

That's the price you pay for letting the women out of the kitchen and into the workplace. ;-) (Look: sarcasm)

Not just double incomes but much higher income multiples.
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