I reckon the new normal is parents moving out and leaving the kids.

[Notbuiltforheat]

In southeast England with its stupid house prices for sure.

the chances of any of my three teens earning enough to even rent let alone buy their own gaff round here (Home Counties) is negligible. I bought the family house with their dad (now my ex) before they were born and the mortgage is almost gone. We’d both had our own houses anyway. There is NOTHING even half affordable- even the stuff designated as affordable is nonsense. So my retirement planning is I move out to somewhere smaller and they carry on living here. And I think lots of other parents will be doing the same.

How can it be any other way?

You think three adult siblings are going to want to live together all through adulthood?

Well the other possibility is that they move somewhere affordable, but the problem is lack of jobs in the cheaper parts of the country.

The house is large enough to split into three apartments. And more importantly I don’t think they’ll have much choice.

You dont have to move out. There's plenty people can do to extend, convert etc etc. I know several multigenerational set-ups which have been cleverly designed so that people dont live on top of each other or get on each other's nerves. It's surprising what you can do with a few rules and a bit of discipline and a bit of creativity about spaces. I know people who live under the same roof and are really busy living fullmlives and barely bump into each other and are very happy.

Yeah totally normal to have a house that big and the money to split it into 3 apartments.

You honestly think this is going to become the norm? 🤣🤣

3 apartments that are large enough to raise families in? Do you live in the whitehouse?

If the house is that big why not just sell it and split the money between them? Surely that would be enough to cover a chunk of a normal family home?

I don’t think people having a house big enough to split into several apartments is going to become the norm, no.

It can hardly become the norm, as very few people own houses that can be divided into three separate apartments. Young people may well have to move to less expensive areas, put up with longer commutes, accept that they need to live in house shares and delay home ownership for years, etc. Affordable housing should be a priority for the government, of course, but the answer for most people will definitely not be to move out of their homes (and live where, on what money?) and hand the houses over to their adult children.

I know several multigenerational set-ups which have been cleverly designed so that people dont live on top of each other or get on each other's nerves.

If that's even true (as opposed to some weirdly motivated nudging to get us all to think we're being unreasonable to complain about the parlous state of the housing market/wider economy) then as PPs have pointed out, it costs. More than many families can just pluck out of thin air.

The spectre of that miserable haridan Thatcher is stalking the life chances of millions of young people almost 50 years on, and the current lot in parliament are utterly devoid of a genuine solution. It's shameful.

That would be expensive, running soil pipes to different parts of the property to install new kitchens and bathrooms. Doesn't sound normal to me.

This must be rage bait. A house big enough to be 3 apartments?!

Having similar thoughts OP, also in the SE with 2 YA who I can’t imagine will ever be in a position to buy family homes. I’m thinking multi-generational living or perhaps a granny flat at bottom of the garden (I’d happily move in right now to get some peace). Other cultures seem to manage it, and my great granny lived with my grandparents.

For older people wanting to downsize with their adult children living with them this could well be how it pans out. I think it would be a case of siblings living like housemates though. It would have to be a mansion for it to be possible to create 3 apartments big enough for them to be able to raise their own families.

I remember just after the 2008 crash when I was a new graduate there was lots of talk about how multi generational living would have to become normal. The problem is that it seems like most of us white Brits simply don't want to live this way. When made to live this way as adults we find it harder to form relationships and it puts us off having children.

Rage bait? Bloody hell!

My house is a 4 bed semi, with a loft conversion. So they could have a floor each because there’s plumbing and electrics to every floor. But in answer to a previous comment, no way would they be big enough to raise families in each, they’d make small but functional apartments, at a push. With parking and shared garden.

I am a brown Brit and I don't want to live with my adult kids. I would rather move out!

Because selling and dividing by 3 wouldn’t give them anything like an amount to buy anywhere and plus all the fees, taxes etc.

Selling and moving to a cheaper area seems much more sensible than converting in to 3 apartments that they will outgrow when/if they want to marry/have children. What happens if one wants to move and asks for their third of the homes value?

So your children are lucky enough to be able to live with you for free, or token rent, and both parents already own outright basically. Yeah, unless they’re bone idle, they’ll be fine.

Why can’t they afford to buy? What do they do? Even when they have a partner? You can now borrow 6.5 times your salary for a mortgage which given the cost of rent is affordable on a 40-50k salary? Double that with say a partner or siblings buying together and it’s perfectly affordable. Even if you sell up and give them £100k each for a deposit that should leave you enough to downsize comfortably

My plan is that the 3 or 4 DC living in the house could rent us a 1 bed retirement flat.

We ended up relocating so only the youngest left at home. 2 have bought one is renting and saving up to buy they are the most financially disadvantaged as went to uni.

They have roommates for a while and save just like everybody else without money does

Why can’t they afford to move out? I can understand if they’re not able to work due to disabilities, etc. Otherwise, even on minimum wage they would be taking home £1700 a month working full time which would allow them to rent a room in a shared house, or rent/buy a one bed flat if they have a partner.

i think that's a bad idea - if you willing to move out, sell the house and give them the money for a deposit for rent or to buy a new place. Siblings should live so closely together,,,Its not healthy...

Surely you could sell and give them a decent deposit each? They won't be able to live in an expensive area unless they get very well-paid jobs. Converting your house to a house with three studio apartments doesn't seem very sensible when they'll most likely want to live with partners or travel soon enough.

I grew up near an expensive tourist city, none of my friends can afford to live anywhere near our aging parents (except the one whose parents died young and left her enough money to buy in their village). We're all middle-income professionals, not wealthy but teachers, NHS staff, advertising etc in our 40s. We all live in shittier towns and smaller houses. That's just life nowadays.