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?

We worked and paid rent and saved. We bought our first house at 40. Young people today are not going to be prevented from being able to buy. But they aren’t going to be able to buy at 25/30 and that’s fine. 🤷🏻‍♀️ At that age, I paying quite a lot in rent and saving and living outside of desirable areas with a long commute.

Are you Prince William OP?

They don't have to buy outright, nor do they have to live in your home town... surely it would give them a deposit or indeed a sizeable chunk towards somewhere elsewhere in the country? That sounds preferable to them all dividing up the family home

Having a house that is big enough to turn into three separate apartments is pretty unusual. Especially if the loft conversion is big enough to get a kitchen/lounge/bedroom/bathroom in!

Giving away my massive house and buying myself another is sadly not the norm around here, no.

we have got 3 adult children who still love under our umbrella. I have a 2 bed council house and my DH has a 2 bed private owned flat. Currently two adult kids live in his flat, and one lives with us. Our plan is 100% for them to live here and pay their own rent between them (after turning the dining room into a bedroom,) and we actually get to live in a flat we own. If they did this tomorrow and took over the rent , their bills including council rent and all utilities and basic food costs would be around £350 each A MONTH. They would be mad to not snap my hand off and my house is in a very desirable location in the NW and on all the main transport lines for Liverpool/Manchester. Off my house was private rental it would be £1100-1200 a month. I could rent a room out with bills for £500 a month. I don’t doubt that they will move on with new partners etc but it’s the perfect chance for them to be able to save up for a deposit and they all get on great and nobody has ever had a boyfriend/girlfriend that the others didn’t like.

Well your solution is not one we're considering, but with the lack of jobs for young people and huge mismatch now between salaries and house prices, I think even more Gen Zs will be relying on inheritance/the Bank of M&D to get on the housing ladder. It's a very sad indictment indeed on the state of the British economy, which has been mismanaged by successive governments and resulted in the increasing impoverishment of the majority of people in the UK.

can you pass the tenancy on?

I don't know about new normal, but I can see people doing that. And/or offering adult kids to move in with a partner to start their family if parents have the space, but not the capital to give their kids a deposit, which I think will be common for property owning people of our generation. We certainly won't be able to be the Bank of Mum and Dad.

I have considered doing this if my kids need help to start a family and the best advantage we can offer them is space. We have quite a big house but we won't be able to downsize and help the kids because we're going to need that difference to afford retirement frankly. It kind of helps that it looks like at most only of ours wants to be a parent!

No. This will not be the norm, it's a mad idea for most of us!

I have already downsized, so I can't do much more, but perhaps I can help with a deposit for my kids. Both my kids are happy to house share until they can afford better. I will never allow their partners or spouses to move in, no way.

so where are you going to live and how are you going to buy the property or rent?

which area of the country are you going to move to?

Why can't the children move out and live in another cheaper area?

I wonder this too - my dad is still in the massive house I grew up in and a nephew has moved in. A friend of nephew stays over sometimes to get to a training course. My dad could move out but has left it very late and doesn't have the energy, so it feels instead like young people will start to gradually move in, because there are empty rooms so why not? I do feel like multigenerational living will become far more common, I hadn't though of leaving house to kids but it seems to be going that way in my family, without it actually being discussed or formalised.

It's interesting- as a British Asian- to see the UK becoming more and more Asian! With intergenerational living and grandparents forced to offer childcare because things are so tough for the young. Sad, too.
Yes, the bank of Mum and Dad will become more common. I received not one penny from my parents- not resentful at all as they came up the hard way- but I can see I will have to help my kids.

Not being funny, but if they get partners and both have jobs, I'm sure they would be able to get somewhere of their own. Converting a house into apartments would be expensive anyway. And then what if they have children? They wouldn't want them in an apartment would they?

Honestly, the whole idea sounds really weird.

If you would consider moving out to leave them in the house, why not just help them out with a deposit on their own house?

It kind of just sounds like you want them all at home forever, to be honest.

I live near Winchester and have seen it happen a few times with friends, and do think it may be what happens with DH and I.

Who has a house big enough to turn into flats.

Millions of people all over the world live in flats with children, and I expect this to happen in the U.K.

How would you be alowed to do that.

You can’t just decide to split the house into flats, though. We looked into it a few years ago and the council said we wouldn’t get permission to do it. I do know a few people who did it a while back, though not to gift to their DC. I’m in a four-bed terrace and they’re often divided into three apartments where I am.

You think this is the norm. Seriously? Do you know even one other person who has done this. Just one?

I know one. Which ofc does not make a trend. They downsized to a flat in London.Didn't convert their home into flats, but gave it to the kids.

My retirement plan was to get the Iranian Regime to take out a Fatwa on me.

However as they could possibly be done or less active by then I may have to just pay for Dignitas instead.

On a more serious note yes moving out and leaving adult children to it does seem like the best option at times if they haven't managed to leave home.

I have suggetsed in pie in sky future talks if all three DC are still here post uni and DH wants a job change that we move and rent and kids stay in house with them paying this hosue bills.

I wasn't thinking we'd buy another hosue of hand over the asset as frankly can't afford to.

Was also thinking they'd be here a few years and save hard to move on and we'd re-evaluate or retire back here. I think biggest obstacle would be the rent - rents are way more than our mortage even for smaller properties and image it's worse in more expensive parts of the country.

This is a 4 bed semi - next door has a massive roof extension so suppose it's possible but even so do not think you'd get 3 flats out of it and long term we'd want house back to sell or live in.

Housing a huge issue not just in SE - we are where we are because it was cheaper housing - and last decade many have followed pushing prices up schools here are full and it's a higher fertility rate than surrounding areas but long term that pushed locals out - as I was pushed out of where I grew up just couldn't afford it from people further south then doing long commutes.

Adult kids living at home for a long time I can see will become more and more common.

I can even see the parents deciding to move out and leave the kids to it - if they can afford to (which would be fairly rare).

What I can’t understand is why the house would need to be divided into apartments. Can they not share a kitchen and living room? These are siblings who have grown up together? Why would you spend a lot and probably destroy value by splitting a family house into 3 poky apartments? There would inevitably be inequality between the apartments, and the garden would be shared, so it wouldn’t even avoid arguments.