I know some cultures have always done multigenerational living, and that it's not that uncommon for older parents to move in with adult kids, but I wonder if we're going to see an increase in older parents having their child move back in with them to start a family? And that it's something that's going to move up the social scale as home ownership becomes harder and harder even for the kids of parents who own property.
I'm in London, so obviously it is especially acute here. I think about this because, although we're well off in the scheme of things, we'll still never find a 6-figure sum each that we'd need give our kids a deposit when they're adults at this rate. And while it's totally my kids' choice if they have kids or not (I'm currently very unbothered by that) I do want to let them know that if money is ever putting them off starting a family, we will help however we can.
I'm thinking the best I might be able to offer, as we have a decent sized house, is a child with partner to move in a start their family living with us for a few years. Obviously, this only works if only one kid wants to start a family at a time, though. But I can see this becoming more common - young parents either moving in with homeowning parents, or renting a place together with their own parents in order to afford starting a family.