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A mortgage is also unobtainable for many because of the cost of buying a house too. The problem is that decades of inflation where wages haven’t been suitably adjusted to match means it takes far longer to save the appropriate amount. Someone who earned RED NOSE DAY Pluto Shirt 25k in 1980 was significantly financially better off than someone making 25k today. I will allow all my children to stay as long as they save money and are responsible.
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No need to let them struggle out there when they could save at home and move when they are financially ready. Families are fractured and to the RED NOSE DAY Pluto Shirt winds enough. As long as all contribute and are respectful. There’s going to come a time when the parents will need their help. So work as a family. My husband and I don’t need anything from them but we need to see hard work on their part to save for their future. I could never ask my kids to pay their way in my house.
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I only want to help them have a couple of years free of rent so they get out there in much better financial status. Agreed I like having my kids at home but if they need to take another 10 years to save no problem. Company for me too. Wouldn’t it be better if like me say you take money for digs and put that aside for them then build up a nest egg to help them? I now save so that I can help them out of my own salary I only earning a living wage.
I was 18 when I moved out. I moved from Bristol up north to buy my RED NOSE DAY Pluto Shirt first house and now have a lovely home in Bristol at thirty, a lot of kids spend a fortune on themselves while staying at home if your children staying at home good for them and you but I would make them save for the future. Moving back in with your parents doesn’t mean living rent-free.