So, how is it actually possible for our adult kids to ever move out of home?

[cateringday]

I’m imagining it’s the same for a lot of people.
two kids 20 and 18, they both actually have £10000 in the bank as an inheritance but can’t see how they would ever get enough for a deposit or pay a mortgage. If they rent then all that money will be gone anyway.

how old are kids leaving home these days

we live in the south east

Oh definitely, but I managed on £14.5k full time. Single person council tax, PAYG phone, no car. I'm not saying this is relevant to today, just making the point that "everyone moved into house shares 20 years ago" is not the case in places outside London, even relatively expensive ones.

She’s socially awkward and struggles with some small things but has managed well until uni. Did well at school and had nice friends.

To be fair, this is not new to many of us (even those of us classed as "boomers" who apparently had it all when we were young...).

I was at university until I was 23 and then started my first teaching job in London, renting in shared houses with other young people of a similar age. Age 28, my boyfriend and I had enough saved for a deposit on a one bedroom flat with no central heating. The only property we could afford (in an unfashionable part of London) with our two salaries in 1986.

in my city you can get flats for 100k so with a 10k 10% deposit it is doable.

Can they live with you a few years and build up some higher savings to have more for a mortgage.

My youngest moved out when he was 22. He bought a house with his partner, this was in 2019.. I moved out when I was 23, did the same. All of my friends children moved out in their 20s and all into mortgaged houses.

I don’t understand wasting money on rent when you can live at home and save up!

And to be honest I don’t really expect an 18 year to being buying straight away, I would think that there is a period of time to build up on the salary and ideally if possible for saving and then buy a few years down the line.

She's hasn't got the time for the luxury of volunteering in a charity shop.
She needs to spend her time either re-training or applying for more jobs.
Is she spending time tailoring her CV to each job application to make her stand out or sending the same generic one to each job?

Well renting also gives some flexibility if you don’t know what city you want to settle in etc

My DC all moved away from South East England. One moved abroad (paying 400 euros a month rent!) and another moved 2 hours away and managed to buy a house.

If your DC are likely to do any kind of job that involves remote working or a National pay scale e.g. NHS or CS, their salary will go much further away from the Home Counties.

I finished uni in 2011, moved back home to my parents and got. Bought myself a flat in 2014 with a 95% mortgage using help to buy, single at the time and lived on my own. I was on about £21k at the time.

the issue is they finish uni and expect to get on a 40k job and buy their dream home first time. It doesn’t work that way. You need to start by buying a 1/2 bed flat or small house and build up.

To try the city?

Depends where you live. I grew up in the middle of nowhere. I had to go where the jobs were. Mind, I’d have gone insane staying at home anyway, I couldn’t wait to be independent. I moved out for a bit even before university.

It’s a bit zero sum to regard renting as a waste of money, even if you do have other options (as many of us didn’t). Moving out, being independent, meeting new people and learning how to live with them are all good things.

I've only ever heard this sort of thing said by poor employers, the sort who can't keep staff.

Im in the South East and nearly 30. Moved out and rented during uni and then moved home for about 3 years whilst I saved, bought a house with my partner when we are 27. Most of my friends have been a similar age! Between 25 and 30 by the time the were on the property ladder

She's not doing it for the fun of it, is she?

She's trying to put some experience on her CV.

There are often hiccups at that age. My eldest bombed out her first year of university, and it was really surprising. It had seemed like it would be a good fir for her. She was in her own shared flat, as we live very rurally, so spent about 4 months applying to jobs, she was so stressed as her savings were dwindling.

She managed to find something by getting recommended by family, and it was amazing for her, she gained a ton of skills and confidence. So you may find that once your dd does find something it goes a lot better than university did. I think university is actually not a great fit for a lot of smart kids.

Yes we’re all different which was my original point. I got waylaid a bit.

It was in response to several posters saying “move into a house share, WE ALL DID IT.

What careers are they aiming for?

I don’t know I have never owned a house as I simply couldn’t afford it as I had to move out of home at 18. So paid rent then could never afford a deposit for a house.

I always look at work experience as much or more than training. It tells me a lot more about how they will be as a worker.

God no. i don't know anyone who has and I have kids that age range. They all rent rooms.

Thank you. That gives me hope. I am waiting for that contact or someone who can get them a foot in because it seems there are 20 people applying for every job and she is not going to stand out

And how much is that one bedroom flat worth now 😂

My brother lives in a grotty house share. It costs £1000 per month so he can't afford to save for a mortgage deposit. Things are very different now.

DS 32 and single will be buying a starter home in Manchester soon - he’s managed to save a deposit of £50k by living at home, ex DH will also give him some money as will I, otherwise he would have no chance
DD and her DH only managed to buy a doer upper with help from both families