Aibu to think that "suspended adulthood" is going to lead to large problems?

[BlancheBlue]

www.theguardian.com/society/2016/sep/22/young-people-living-in-a-suspended-adulthood-finds-research

Just this really. There was a telling comment about this article with the ever increasing age profile of parents the chance of children knowing grandparents is going to be remote.

I think lots of the boomer generation really fail to understand this. Whenever it is said it is tough for young people que loads of "well I worked my arse off and owned a house by the time I was 21" type comments.

I was ranty too, sorry.
I just don't see the point in winging rather than being proactive.
Maybe campaigning will make a difference but so will people getting off their backsides and doing what they can to improve their chances.

I hate this why should we be expected to move stuff when other generations have had to do this, maybe not exactly the same reasons, but the same results. They were prepared to do what it took to buy their home, like Garden above.

The difference between needs and wants, how not to be materialistic and greedy, our values are obviously different

I'd suggest you confine yourself to subjects you have any clue about.

"They were prepared to do what it took to buy their home."

Sigh, but no one here has suggested anything other than moving to where it is cheaper to live in order to own your own home. Frankly that's a facetious point, there aren't many occupations where being geographically mobile is met with equal levels of opportunity everywhere you go. For all the important business folks on here saying they can't hire people ( hint basic economics tells me you're not offering enough money) doesn't mean there are a multitude of well paying jobs just waiting to snapped up by a diaspora of young people moving out of the south east.

Further to this, if there was an influx into these areas house prices and rental costs would rapidly rise as there would be increased demand.

Its a ridiculous suggestion and doesn't work.

Another problem is that people who rent whether it is from a private landlord or social housing are not only paying their rent They are also having to stump up for repairs in some cases where the landlord is failing to carry them out.

And if young people were to take the advice to just shop in charity shops i cant see how places like New Look would afford to stay open with no customers..

Garden

He was working ft at 16 and did about 6 jobs at one time, obviously some were only ad hoc, but he saved every penny.
He also worked out very young that if you smoked it would cost a small house deposit in a few years. Although he didn't smoke he pretended he did and put that money into an account every week. he'd seen family members do without other things for their smokes, so he lived likewise.
The first he bought was at auction, can't remember how much but he made enough for deposit for next which he had a mortgage for. Then he did this one and sold for more profit, it was a 2 bed detached bungalow in nice area, which he turned into 4 bed by adding a dormer.
This was his biggest profit which allowed him to buy the current one.
It's like a building site, me and dh go over and help with bits, but they are mostly doing it themselves. No bathroom, so they come to us or her parents or friends/ grandma (lives round corner from the house) for showers. They do have a toilet but aren't doing bathroom till roof replaced.
I give them 10/10 for perseverance They too have friends who are tradesmen who taught them bits and pieces to get them started. My future dil has learned how to plaster.

You can use the charity shops near us, they are more expensive than high street stores. £350 for a coat, £65 shoes etc

I have yet to see a charity shop sell bras or employ a bra fitter either.

If you are well endowed you need a good strong bra and they are usually £25 to £30 a time.

I once saw a poster tell a well endowed woman on here to get a Poundworld bra.

gilly they also have some family members nearby whi are happy for them to come over everyday to ahyve a shower etc...
And they clearly didn't need to move away to do that either (so I assume they aren't living close to London).

I'm not disputing their tenacity. That is great and fanttastic.
I'm disputing that not everyone can do that. Not on a practical pov, not because there just isn't that many houses like that around that you can buy for very little (and I want to say unfortunately too. It seems that houses that are dire need to work are still sold for over the top price because people are selling their potential price ince they are repaired/restored etc... We have plenty of those around where I am. Houses that are basically ruins, think 3 walls, no roof, no inside walls that are sold £250k because they will potentially be sold £500k).

Having said that, it is a really good way to do things. A friend of mine did exactely that, starting with a small flat needed some renovation and ending up with a really nice 4 bedrooms house, in a desired location.

Jassy

I apologised for the rant as did you, my comment wasn't supposed to sound like I think my values are better, I sincerely apologise as it could read like that. They aren't any better, but we aren't able to offer the same as you, was it good fortune? as we don't have much money, but assets. Certainly was meant as a difference not a judgement

its also admirable to have saved enough from not smoking to buy at auction. round here even auction wrecks are at least 40k. cash of course.

mammouth

Oh, certainly not for everyone and not appropriate for many, I'd imagine. They both have min wage jobs until recently, ds just changed jobs, and certainly don't have to bring work home. This buys them lots of time a more professional couple wouldn't necessarily have.
Mil bought the house he did up last as wanted to move to the area she was quite a distance away. We aren't local to him really, takes about 30 mins so different town, same borough though.

It worked for them and just thought it worth a mention as a possible for others. I'm sure there are other ways too. I can't help being proactive and admit that i struggle to be reactive and can't really cope when family members are like this, it does my head in for some reason, but I know it's my problem.
I'd rather be trying to do something about a problem, rather than moaning about it.

They aren't any better, but we aren't able to offer the same as you, was it good fortune? as we don't have much money, but assets

That's the thing - you have made huge assumptions about what I can offer, and that's personal, as were your comments about values, greed and materialism.

We don't have mountains of spare cash. We are comfortable, in that we don't worry about how to pay an unexpected bill which is how I define comfortable, but our wealth is concentrated in our home, like most people who've made sacrifices to afford housing. I'm not planning on leaving my assets to charity - my kids will benefit, so they will be able to afford their own home at some point in their adult lives, as they will benefit sooner from having a stable home life and not being forced to move every few years for a new job or because our landlord threw us out.

We were very, very lucky that we were in a position to get onto the property ladder when we did, and then that we moved to our current home when we did. Not as lucky as if we'd been able to do it 10 years earlier, but two years later with our first place and six months later with or second and they would have been totally out of reach. I am also fortunate to have skills the market rewards relatively well (although some on this thread would sneer because in this country the rewards are concentrated in London). For an immigrant who arrived with nothing but my CV (not bad thanks to a stable upbringing and parents who valued education and work), I've done ok.

I try not to let the fact that we've been exceptionally fortunate to blind me to the fact that things have deteriorated so quickly that even five years later, people in the exact same financial and work situation don't have a hope of being able to buy what we did, if at all. And yes, I feel I have a duty to shout about it, even though I'm ok.

Sorry, I was ungracious, thank you for the apology. Your words about my values did rankle.

I'm not surprised, they sounded awful

I live in the south east and one thing that is clear here is that people in their 40s, well established in professional jobs, with partners and children, can only afford to buy small ex authority houses while their parents (more or less exactly the same socio-economic profile) live in large detached houses, and in fact their mothers never had to work outside the home to pay the mortgage on these large detached houses.

You might say, well, why don't the 40-somethings all move to Nottingham, then they can have large detached houses just like their parents did? But then they wouldn't be near their parents, on whom they often rely for childcare or about whom they worry because of infirmity.

Do we really want to be a country in which people can't afford to live near their extended family? Because if so, we'll heap up a load of social problems as well as the financial burden on the state or the individual for child care and elderly care. And I see that all around me, all the time.

Chariot, yes, the increased reliance on social care in the south east could be quite a big issue if all the children of the elderly are forced further and further from their families.

And then there is the question of how carers will be able to afford high housing costs.

To add: I'm taking about successful professional people here. There are a load more who can only afford to live two towns away from their families - which is tough, exhausting and isolating when you've got tiny children and no car.

GardenGeek Hoping and praying for a brexit crash multiple times a day is really, really, not a nice thing to do. You realise this would mean 1000s of people would lose their jobs and homes, right?

But hey, as long as it helps you! Except it won't - because if there is a huge crash most people won't be able to afford to move to the next rung up the ladder, which means there won't be any starter homes coming on to the market for you to buy. Oh and banks will become much stricter on their mortgage criteria, so even if you find a house you might not be able to get a mortgage for it on the terms you could find now.

I can 100% understand your desire to buy. But hoping and praying that misfortune will befall others to allow you to do so is shitty.

Also for those hand-waving that a return to the majority of the population renting is just reverting to the historical norm so nothing to worry about - back then most people would die before they finished working, not have (or expect to have) a 20-30 year period from age 60 onwards with no wage coming in, but rent still needing to be paid (and constantly increasing). It's not a sustainable way to live now, unless you're happy to work into your eighties, which most people, understandably, are not.

Jassy: yes, absolutely. I took a cab today and the driver told me that his job is not financially viable because of the high cost of living in this area. So if taxi drivers, and nurses, teachers, carers and do on all go in live in Nottingham, what's the plan for the social infrastructure of London and the south east?

Isn't that the problem, though, anotherone? People like Garden are internalising the message of 'I've done ok, so screw you, you should be willing to sacrifice absolutely everything you care about if you want stable housing' from all over the place (including threads like this).

Is it a wonder that the sentiment is reciprocated?

Not saying it's right - just that it is understandable.

I can understand Garden and don't blame her at all and we would stand to lose significantly with a price crash.
I can remember gaining from a family who had been repossessed during the 90's it was awful going for cheaper repos but there were so many at the time and we were needing to move. They had lost everything and lots of people benefitted from their misfortune.
life is swings and roundabouts and I can't blame young people for feeling this way.

Feckless youth here (I'm 20), I've got an iPhone and everything. (My grandads convinced if I gave up the iPhone I'd have a house by now)

I do think I'll be able to buy a house some day, because eventually my grandparents will die and by my best guess they own (collectively) £3.2million pounds worth of property, but none of them are really rich, they all bought in london a loooong time ago. I figure that split - among aunt, uncles, cousins, parents and brother - I'll still get a half decent deposit. Bit morbid but this is reality.

Nope, sorry, anyone praying for a crash is a dribbling idiot.