Huge rise in adults living at home

whisky_galore · 28-07-2017 08:46AM

gizmo81 wrote: »

Nobody needs to 'rough it' we have minimum standards for rental accommodation which all landlords should be familiar with.

Bahahah! :pac:

Wibbs · 28-07-2017 08:46AM

Dravokivich wrote: »

If my parents tried to get a mortgage at the age of 22 now, the same way they did 33 years ago, they'd be laughed out the bank.

Exactly. Every generation faces its own trials and tribulations, some have it worse than others, some better, but it usually balances out to some degree. However on the subject of housing this generation certainly have it worse.

tomwaterford · 28-07-2017 08:48AM

jamesthepeach wrote: »

Oh Jesus.
Listen to yourself.
The fact are easy to come by.
Ask people born at any time prior to the 1990s about hardship in their teens and 20s . They will fill you in.

I was born then

If I was living in Ireland...I couldn't afford to rent....been checking daft for my local area

Wages are pure terrible In Ireland

Pelvis · 28-07-2017 08:50AM

Unfortunately, my parents aren't in a position to essentially give me my deposit for a home by letting me live with them rent free. So I have to do it all by myself.

buried · 28-07-2017 08:50AM

neonsofa wrote: »

Anyone who uses the term "snowflake" in the context of how it is being used in this thread, is more anyone than the generation/people they're complaining about imo.

Well, A real snowflake's only option is to live lying on the ground. So James's snowflakes and actual real snowflakes do have that in common I suppose!

For Forks Sake · 28-07-2017 08:50AM

neonsofa wrote: »

Anyone who uses the term "snowflake" in the context of how it is being used in this thread, is more anyone than the generation/people they're complaining about imo.

Aaaah shut up snowflake

jamesthepeach · 28-07-2017 08:52AM

Yourself isit wrote: »

I am getting your point. I am disagreeing with it. People used to be able to buy houses younger and cheaper.

And where did I go "woe is me". I'm middle aged (39 near 40) and have owned for 5 years in ireland and before that elsewhere , I got lucky.

Unlike you though I'm not going to play the poor mouth with the present younger house buying generation. Stats are clear - they have it worse.

Parts of your generation had it so good that you managed to become a property owner a few times over, from which pedestal you preach at the "snowflakes" you charge exorbitant rent to.

SOME people were able to buy houses younger.
SOME people can still buy houses younger than others.

Rarely will houses be cheaper as time goes on. But it can happen as we have seen recently.

28-07-2017 08:56AM

31, but being paying rent for last number of years to my parents, - €150 a week, my mother would be destroyed if I move out lol, not sure for me or the rent

Wanderer78 · 28-07-2017 08:57AM

The free for-all Market is a bust folks, time for us to move on from it!

whisky_galore · 28-07-2017 08:58AM

gizmo81 wrote: »

Nobody needs to 'rough it' we have minimum standards for rental accommodation which all landlords should be familiar with.

Before the crisis, I was looking at a place and it was green, not because of the paintwork it was coated with fcuking mould! You'd break your neck on the bodged wooden steps to gain entry.
I wouldn't put a dog into it and an agency guy was showing me around as if it was a suite in Trump Towers.

I've also seen the (supposedly banned) bedsits advertised and questionable things resembling mini hostels with bunks beds stuffed into them. Hell there was even a glorified garden shed advertised at one point, before it was taken down after a barrage of abuse.

theteal · 28-07-2017 08:59AM

jamesthepeach wrote: »

I'm sorry , but it's certainly not harder for this generation then previous.
And it's not too long ago even that you were taken out of school and sent to work to "earn your keep" either, along with numerous other hardships which I won't bother to mention, because today's generation wouldn't believe it anyway.

Apologies for the late response. . .work and all that jazz

We're not talking about back-breaking labour here, we're talking about the economic future of a generation (likely multiple generations) of young people. The young lad pulled out of school back then could still get a mortgage on a single average salary. Chances of that happening now? Especially if he can't move back to the folks house for a while to save a few shekels.

While renting is an answer, it's not an especially good one in Ireland/UK over an extended period of time. A significant proportion of this generation will never own home. Much more so than previous generations. What happens after retirement? It becomes a social issue. The state will have to pick up the tab. Oh, but the tax take is down due to the birth rate falling off a cliff because none of the "millennial" generation could afford to have kids. . . .

So eh, yeah, I'd nearly question why a young person isn't living with their parents a bit longer than in the past?

theteal · 28-07-2017 09:04AM

jamesthepeach wrote: »

Oh Jesus.
Listen to yourself.
The fact are easy to come by.
Ask people born at any time prior to the 1990s about hardship in their teens and 20s . They will fill you in.

How are they doing now????

Do a survey of this particular generation in 30 years. Compare and contrast

Pac1Man · 28-07-2017 09:09AM

myshirt wrote: »

I absolutely wouldn't allow my offspring back into the house. You are trying to develop people who can cope with life challenges, and have the courage and strength to meet whatever life throws at them head on. They are not babies.

What happens when you live to a grand old age and maybe need a little help or if you're not as mobile as you once were?

Will it work both ways?

"No Ma/Da I'm not looking after you since you didn't give me a bed when I needed it most. You're not a baby so off to the nursing home with you."

Maybe I'm wrongly understanding what being a family means.

jamesthepeach · 28-07-2017 09:12AM

theteal wrote: »

Apologies for the late response. . .work and all that jazz

We're not talking about back-breaking labour here, we're talking about the economic future of a generation (likely multiple generations) of young people. The young lad pulled out of school back then could still get a mortgage on a single average salary. Chances of that happening now? Especially if he can't move back to the folks house for a while to save a few shekels.

While renting is an answer, it's not an especially good one in Ireland/UK over an extended period of time. A significant proportion of this generation will never own home. Much more so than previous generations. What happens after retirement? It becomes a social issue. The state will have to pick up the tab. Oh, but the tax take is down due to the birth rate falling off a cliff because none of the "millennial" generation could afford to have kids. . . .

So eh, yeah, I'd nearly question why a young person isn't living with their parents a bit longer than in the past?

It was never easy to get a mortgage until the late 90s. And we know what happened after that.
It's easier to get a mortgage now than it was before about 1998. Not only did that ****e fcuk up the economy afterwards. It also permanently tainted anytime.who came along afters view of how easy it actually is to own a house.

Go and look up the hoops you had to jump through to get one then, if you even had a job.
And I dare say there weren't too many people who moved straight out of home into a nice rented apartment or into a mortgage .

When you moved out of home you rented a grotty room or shared a grotty house with a load of others in the same situation.
What's changed? Well now people expect a nice apartment to themselves and a mortgage without putting in any effort.

But there's is no telling this generation. They are always right and have it oh so hard. So carry on, no need for.me.to tell you. Ask someone you know and trust to put you straight.

jamesthepeach · 28-07-2017 09:21AM

theteal wrote: »

How are they doing now????

Do a survey of this particular generation in 30 years. Compare and contrast

So out of the people I grew up with some are settled down with a house, some are renting, some are on the dole still and some have moved away. And some are actually still living with parents. Some have their adult children living with them now. I dare say it's the same for every group from the last 50 or 60 years.

28-07-2017 09:31AM

It depends on how it is done, paying you way is not giving your 'Ma' 50euro a week. Paying you way is doing that plus paying a share of every bill that come in including property tax, its not in your thirties lying in bed all day hungover at the weekend while their parents are the ones cutting the grass and maintaining the house and so on.

I know of one situation where not only do the adult children live at home but now the partners of two the children have moved in as well!! complete madness.

Wibbs · 28-07-2017 09:33AM

jamesthepeach wrote: »

It was never easy to get a mortgage until the late 90s. And we know what happened after that.
It's easier to get a mortgage now than it was before about 1998.

Well I(and peers) were in that market pre 98 I really dunno where you're getting that idea from. In the same circumstances today, I'd be surprised of a quarter of them would get mortgages. That's before we go back to previous generations. In the 50's/60's say, most working people's expectations were to have a house and family and given Ireland had(maybe still has?) one of the highest percentages of home ownership on the planet it seems they succeeded in that.

Hey I get that generations have it better/easier, but to deny that the current generation looking to buy/rent have it the same or easier as previous is demonstrably inaccurate.

Wanderer78 wrote: »

The free for-all Market is a bust folks, time for us to move on from it!

Mark me we'll have no choice in my humble and soon enough with it. Within the next five years anyway. The worldwide crash of the mid noughties? Not close to what's coming. For a start that crash was more pushed down the road than averted, levels of debt in the west* are higher now than when that kicked off and we're overdue a reset. We're already living in "interesting times" and it's about to get more interesting...

*Government spin will tell us Irish personal debt is falling, but that's as much to do with the rise in value of house assets(among those who have one) and our position of being in the top five most indebted countries in the EU hasn't changed.

JupiterKid · 28-07-2017 09:38AM

I moved out at 12, was thrown out to fend for myself. Lived in the workhouse toiling away for a few years after that. Worked 6 jobs a day to earn my keep and managed to build my career quickly and retire as a multi-millionaire by 29. I also am landlord of 300 bedsits in Dublin. I'm creaming it in.

Anyone who lives with their parents after 17 is a wastrel and a leech in my opinion. Nothing like a good hard push out the door to make them appreciate the value of hard work and money.:rolleyes:

Wanderer78 · 28-07-2017 09:38AM

Wibbs wrote:

*Government spin will tell us Irish personal debt is falling, but that's as much to do with the rise in value of house assets(among those who have one) and our position of being in the top five most indebted countries in the EU hasn't changed.

Completely agree, Steve keen has done some incredible work in showing the levels of private debt rising globally, he suspects we 'll have no choice but to enact 'modern day debt jubilees' in order to reset our systems. He's probably right

c6ysaphjvqw41k · 28-07-2017 09:42AM

This post has been deleted.

jamesthepeach · 28-07-2017 09:46AM

Oh the self pity in this thread is immense.

Imagine the cheek of some people here to suggest that adults go out and make their way in the works and let their parents enjoy their life without hanging on to their coat tails and living outbid their pockets when you are an adult.

28-07-2017 09:47AM

Stefan Rich Organist wrote: »

This post has been deleted.

That is a different situation in the situation I am talking about they are all in their twenties with no responsibilities except themselves.

omb0wyn5ehpij9 · 28-07-2017 09:48AM

368100 wrote: »

35 year old male and have done for last 5 years. Partly to keep my dad company after my mam died but upshot is I've saved plenty and paid off all debts, kicking off a house build in next month and will only have a small mortgage. So it's been a pain at times not having my own space but I think it'll be worth it.

Similar situation here. 33 year old male living at home for 4 years. I moved home to keep my mum company after my dad died. I didn't plan to stay this long when I moved home, but didn't feel right leaving her on her own. It also meant I could clear any debt I had and save a good chunk towards a mortgage. I plan on moving out again after Christmas, and will be getting a place with my girlfriend. We aren't sure whether we will be renting or buying yet, but probably renting

Sam Kade · 28-07-2017 09:54AM

Deleted User wrote: »

Outside of Dublin if you're working and living with parents it's generally by choice.

So there you have it, summed up in one sentence :rolleyes:

Dravokivich · 28-07-2017 10:00AM

jamesthepeach wrote: »

Oh the self pity in this thread is immense.

Imagine the cheek of some people here to suggest that adults go out and make their way in the works and let their parents enjoy their life without hanging on to their coat tails and living outbid their pockets when you are an adult.

Ah, I see now. You did it and cant seem to understand why others are unable to.

Kimbot · 28-07-2017 10:01AM

Permabear wrote: »

This post had been deleted.

Well i for one am one of those established members of the public service, the CPA/HRA didnt benifit me, I took pay cuts equivilant of 23% when the recession hit so I don't see how you can say I was protected above those that came in after me or how I benefited for taking pay cuts. I also have no choice but to live at home because I cannot afford a place of my own.

mzungu · 28-07-2017 10:03AM

whisky_galore wrote: »

Before the crisis, I was looking at a place and it was green, not because of the paintwork it was coated with fcuking mould! You'd break your neck on the bodged wooden steps to gain entry.
I wouldn't put a dog into it and an agency guy was showing me around as if it was a suite in Trump Towers.

I've also seen the (supposedly banned) bedsits advertised and questionable things resembling mini hostels with bunks beds stuffed into them. Hell there was even a glorified garden shed advertised at one point, before it was taken down after a barrage of abuse.

Same, but this was after the crisis*. The place was in a complete utter mess. Needless to say we didn't take it, but it was soon snapped up after. So somebody was willing to live in a kip and pay top dollar for the privilege.

*By no means an outlier, there were plenty of crapholes, but this place took the biscuit. Every room looked as if it got the once over by a heard of angry buffalo.

GLaDOS · 28-07-2017 10:03AM

Live with my girlfriend at the moment but we're planning on moving in with my parents next year to save for a deposit.

Not ideal but hopefully will be only be for a year/18 months.

weldoninhio · 28-07-2017 10:04AM

jamesthepeach wrote: »

I don't think you are getting the point at all tbh.
But carry on with the woe is me and I have it harder than anyone else ever had.
Obviously it is believed, but only believed by the snowflake generation I would wager.
Ask anyone who grew up before the snowflakes and they will tell you how they had it. Then you can compare.

Economists have stated that this generation will be the first generation who will have it harder than the previous one, going back to the baby boomers in the 40s. I think i'll take their word over yours. Thanks.

mzungu · 28-07-2017 10:07AM

JupiterKid wrote: »

I moved out at 12, was thrown out to fend for myself. Lived in the workhouse toiling away for a few years after that. Worked 6 jobs a day to earn my keep and managed to build my career quickly and retire as a multi-millionaire by 29. I also am landlord of 300 bedsits in Dublin. I'm creaming it in.

Anyone who lives with their parents after 17 is a wastrel and a leech in my opinion. Nothing like a good hard push out the door to make them appreciate the value of hard work and money.:rolleyes:

That's nothing. I left home when I was in utero. Before I was born I had earned my first million. By the age of two I had lost it due to investing unwisely. At age ten I made all that back again and then retired to live in a yurt in Central Asia.

Huge rise in adults living at home

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