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 have teenagers right now. They may go to Uni & settle in a completely different part of the UK/world once they graduate? Why on earth would you assume once they are (single?) adults they will want to live together? Surely you'll need the money from your home in order to live somewhere else? What a weird post.

I’m not assuming anything beyond knowing that the current housing market is totally unreachable for many young people. This is their home but they’re free to leave it, should the option present itself.

The house is almost paid off, I’m heading towards retirement and am well provisioned so I don’t need to sell to pay for retirement. It’s an asset which will likely rise in value, and makes sense if they can use it. My bolthole with my DP is about 40 mins away.

It would surely give them a deposit.

You can’t keep blaming Margaret Thatcher for mass immigration and subsequent choices about lack of housing building, renters rights and so on. If property is scarce then prices rise.

'It's not healthy' - really?

There are an awful lot of unhealthy people then 😂

It may surprise quite a few people on this thread but there are A LOT of young people who never want to have children too.

Of course in an ideal world everyone would have their own house/flat - but as the OP is pointing out there is no ideal world now unless you're completely loaded

Plus it may not be forever - who knows?

That’s total different to my experience. I left home at 19, lived in rented accommodation and bout first house at 21. My DDs (mid to late twenties) went to uni, moved back home after and saved hard both bought houses with their bfs within a couple years.
I get where you live is more expensive but say they earn 25k a year and live with you subsidised rent surely they can save a large sum of their wage every month and have enough to buy after say 5 years?

Renting and saving isn't possible any more unless on mega salary from very early on. Those saying it's still doable haven't looked at the rents in their area!

It's nice the DC get to save on rent and bills, that will allow them to save a deposit each and down the line you can sell the house when they are ready and split 3 ways to boost their deposits.

It cuts off everyone except those housed by the Gov or council from moving there thus cutting off jobs for all except those given council houses eg homeless immigrants. So if you're unemployed in Grimsby you're out of luck. And there is probably a severe shortage of well paid jobs anywhere else in the country. Maybe Andy wil come up with a solution.

Seriously! Like this is normal!?

Not only that, but can afford to buy another smaller house without selling the big one.

How do you have a council house as well as owned property

We weren’t married for our entire lives. He owned a property when we met and I had a council property. But the flat he owned was not big enough to house us all and so I kept my house and pay full rent.

You can’t just pass the council house on to your kids though if you move out.

Do they want to live together? My kids wouldn’t, free house or not. And how would you afford the other property? Wouldn’t it be better to sell it then divide it four ways so they have a deposit and can use it to buy their own or with a partner? And how much do you think it would cost to split a house into three - even if planning permission was granted?
My friend (London) has three kids all in their 20s and one is in the mili but the other two live at home. It is an issue but the parents will eventually sell up and divide as I suggested.

Maybe rent your home out and divide the profit between your 3 children every month to help them out financially.

Not sure if they’d even want to live in their family home. Pretty usual for kids to live in a home share or flat share in London, meet someone, combine forces and rent a 1 or 2 bed flat until they can buy. Yes they aren’t likely to buy a big home at first, maybe a 2 or 3 bed semi, but that’s normal and fairly doable.

Then they can decide what to do with the house when you pass on- not sure how that works out with Inheritance Tax though.

We did this - later than that 2000 left uni and bought 2007 - saved like mad for a deposit but we were early 30s then.

House prices have gone up since then as have rents but wages haven't seen the same increase - hence it being harder and first time buyers are now have average age of 33 and in SE it's over 34 years old and why about 28.7% of young adults aged 20 to 34 live with their parents.

One problem is: With adult children living with their parents, you then have houses with 5 plus cars that take the whole roads parking spaces. HMO's in effect.

Don’t need planning permission unless it’s an official thing - the top floor was already a sort of granny flat anyway, the bottom floor is already the kitchen and lounge so it’s literally just adding a kitchenette into the middle floor and a shower to the ground floor. They’d still have a shared stair case but their own spaces. And shared drive and garden of course.

The bolt hole was an auction property bought for cash.

I am surprised at the reaction on here! I have considered turning our 3 bed semi into 2 "flats" on for us one for dd. Indeed our neighbours have done just this for their ds.works well!

We have a housing crisis and need to get more open and creative in how we solve it!

Exactly. My house isn’t bloody SouthFork.

Sounds like a silly idea.

I think we’re moving more towards multi generational living, to be honest. It benefits both parties - no extortionate house pricing for the young ones and no massive care fees for the old ones.

Oh well. We need to move away from being car centric anyway.

man this is a different universe to where I grew up. When I turned 18 mum sold the house in the recession and had to rent a basement flat, so she said there would be nowhere for me to live after uni. I knew that and it was just life. It feels like you're tying yourself in knots to help them but you're better off seeing how you feel closer to the time.

Maybe in American houses, can't see that working in standard UK houses where a 4 bed house is around 1400 square feet with three adults plus inevitable visiting friends and girlfriends.

Can you expand on that?