lol ageist is a bit ott. Very, very, very, very few people have a flipping mortgage at 21!
How many of you still live with your parents 30+?
- Thread starter Ixon
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lol ageist is a bit ott. Very, very, very, very few people have a flipping mortgage at 21!
Of course. But just because someone is 21 doesn't mean they can't buy a house or earn a decent wage. I hate how just because of age people immediately assume things about a person, particularly when it comes to stuff like this.
Just saying... not trying to argue here. Just always feels like people in their 20s are constantly put down, screwed over, underpaid despite being able to do as good job or better than older counterparts etc etc.
Also, they could own by what, 46-ish if they took a 25-year? I'm sure a lot of people would kill for that. As long as they understand the risks, which I'm sure most of them do if they're earning enough to afford a house, then why not! You old people need to stop being so surprised of us 20-something year olds
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Associate
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It depends on how big your parents place is and or they have an annexe.
I have friends who lived with their parents after uni into their late 20's, but their parents generally had massive houses so they could have their own living spaces and only shared the kitchen. Seemed like a pretty sweet setup.
My folks lived in an overcrowded 3 bed semi with my much younger siblings so moving back home was never even an option for me.
I have friends who lived with their parents after uni into their late 20's, but their parents generally had massive houses so they could have their own living spaces and only shared the kitchen. Seemed like a pretty sweet setup.
My folks lived in an overcrowded 3 bed semi with my much younger siblings so moving back home was never even an option for me.
I'm not arguing, I was in my 20s when I got my first mortgage. It is perfectly possible to earn enough to be able to buy property at that sort of age.
The problem is that many people would rather blame the system or claim others must have been lucky/funded by parents/taken to many risks than acknowledge that their choices have led to different circumstances.
Yup, exactly my point, I just dislike how people are so shocked or even unhappy (as you say, they assume luck or funding from elsewhere) when someone in their early 20s does something as big as buy a house. Good on them if they can afford it and are happy being committed to it
Yup, exactly my point, I just dislike how people are so shocked or even unhappy (as you say, they assume luck or funding from elsewhere) when someone in their early 20s does something as big as buy a house. Good on them if they can afford it and are happy being committed to it
Why dislike people's reactions?
Given the housing market today, it's tough for most first time buyers regardless of their age, that's why there are so many schemes about. It is an achievement to get one at that age.
I know some that are living in the garage after it was insulated/kitted out. Single garage as well.
24 and still live with my dad, although I've wanted to get a place of my own for a few years. Looked into Help to Buy, etc. and have saved up more than enough deposit (a lot more) to be able to get in to a Help to Buy home, but sadly my pitiful monthly income means that with the monthly outgoings associated with moving out on my own means I would probably have no money left for emergencies/saving at the end of the month. Even just normally renting a small house or flat wouldn't make for a very comfortable lifestyle at the moment and I wouldn't want my savings being eaten into every month when I can't afford the bills with my income.
Since my first job at 18 pretty much all I've done is save and save as much as possible minus monthly rent/contributions to my dad and running the car. I generally persuade myself out of buying things unless necessary, the car being the only unnecessary purchase in recent years as I already had a car, and maybe the odd PC game every few months.
If I could comfortably move out tomorrow I would happily do so, but a new job is a must before I can make the move
Since my first job at 18 pretty much all I've done is save and save as much as possible minus monthly rent/contributions to my dad and running the car. I generally persuade myself out of buying things unless necessary, the car being the only unnecessary purchase in recent years as I already had a car, and maybe the odd PC game every few months.
If I could comfortably move out tomorrow I would happily do so, but a new job is a must before I can make the move
Soldato
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Got any examples? Not saying your wrong, just curious.
That would be me
41 and back living with the parents who are now in their early 70s. I guess it is getting to the point where either me or my sister would have to care for them soon anyway due to them both having health problems.
I lived in my own house with a partner for 15 years until she decided to turn into queen bitch. We split and sold up, luckily we didnt end up in negative equity but not far off, after everything had been paid there was practically nothing left. Luckily we didnt have children, so i moved back to my home town and rented until being made redundant.
So there i was, 38.... no job, no money and down on my arse!
Luckily the parents had a spare room and actually wanted me back.... its now 3 or 4 years later and still only managed to save up 3k!! a good job simply isnt happening, all i can find is part time with no security. But better than nothing i guess.
And yes trying to date is awful... you pretty much have to say the parents are invalids and you care for them
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I'm 35 in a month and live with me mum and me sister. I don't earn enough to move out into my own place and can't see the point in moving further away from my job in Central London to live in some crappy shared house.
Anyway being the quiet type with little social life makes it fairly easy to live at home. My sister also can't really afford to move out but unlike me is in a relationship and has an active social life so is incredibly motivated to do so.
Anyway being the quiet type with little social life makes it fairly easy to live at home. My sister also can't really afford to move out but unlike me is in a relationship and has an active social life so is incredibly motivated to do so.
26 next month and living at home, I earn a very good wage but my parents insist on me only paying them £50 a week, I do plan to move out next year before I'm 27 but atm I'm single and enjoying having a lot of disposable income, I already have my house deposit saved since last year.
Not to uncommon to find people over 30 living with parents, another factor I find that hasn't been pointed out is in different cultures family stays together for longer. As opposed to say you're 18 now get the hell out of my house thinking.
Most of it is the current time we live in though, rent prices are ridiculous let alone buying a house.
Most of it is the current time we live in though, rent prices are ridiculous let alone buying a house.
China... Japan...
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So you live at home?
Posture - Defensive
Location - London
Ethnicity - Mentions different cultures
Considers home ownership a right - Check
I'm 31
Moved out almost 2 years ago, didn't really have much savings at the time and didn't want to rent a place on my own and give money away.
So I'm living in a 3 story quiet shared house on edge of Cardiff with two other people, 1.5 miles from work as apposed to the 25 when I was at parents. rent was only an extra £10 what I was paying at home. Done it because I just needed space, and wanted to be closer to work and try and work on savings
I was doing ok then spent loads now I'm having to top back up
Already made a start on topping back up and will continue through 2016 for a deposit, just have to try and be good. Easier said than done
Doesn't help when your single and suck at trying to get a g/f
Moved out almost 2 years ago, didn't really have much savings at the time and didn't want to rent a place on my own and give money away.
So I'm living in a 3 story quiet shared house on edge of Cardiff with two other people, 1.5 miles from work as apposed to the 25 when I was at parents. rent was only an extra £10 what I was paying at home. Done it because I just needed space, and wanted to be closer to work and try and work on savings
I was doing ok then spent loads now I'm having to top back up
Already made a start on topping back up and will continue through 2016 for a deposit, just have to try and be good. Easier said than done
Doesn't help when your single and suck at trying to get a g/f
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Why is it? I just work hard.
Your maths isn't great, 5k x 5 is 25k lol...
Anyway I worked from the Monday following the Friday I left school until September where I started a training course 9-5 for 5 month. Left there to a job 2 weeks later. I worked my way from first line to a 'higher' team in first line, lets call it 1.5 line
Then moved to Second Line Server Support as an internal move, taking me to an okish wage from my not so good one after about 1 and a half year. A year into that started doing on call and lots of overtime... By 2013 I was Technical Lead of the team so on a (all be it small amount) but more money and on call 2 in every 3 weeks and it was a busy on call along side overtime.
Then last October I moved companies to a Third Line Wintel role, where I am now Technical Lead and on call. So, age doesn't matter.. You just have to work for what you want and put in the hours and anything is possible. I'll not put my wage on here, but it is a lot higher than the average.
