Friday, Oct 02, 2015

A trend continues

This Is Money: One in five 20 to 34-year-olds has moved back in with their parents in the last year because they cannot afford to rent Read more:

There are many family homes with spare rooms. One factor of the housing "crisis" is that we will revert closer to third world countries where three or more generations live in the same house, plus folk renting out spare rooms, spare lofts, spare spaces under stairs, spare garages, sheds, green houses, tree houses, land for tents, and on, and on. This is how London will hit 12 million residents by 2030. Welcome to the new normal.

Posted by libertas @ 10:19 PM (4442 views)
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1. mister ed said...

And if this turns into reality, the economy will go down the tubes with it.

Friday, October 2, 2015 09:39PM Report Comment

2. Anned said...

My husband and I sold up our property business when M Armstrong predicted the last crash, we made a lot of money. We moved into my parents' home predominantly to help my mother look after my dad with Altzhiemer's and travel. Mum started with dementia 5 years' ago and now for 6 months of the year between my brother and me, look after them (14 hour days/7days a week). On our 'down time' my husband and I have a villa in Turkey which we love and let out for 8 peak weeks a year which covers its costs and gives us income as well as getting 10-11% interest in banks. We live very well. In the winter we live in Asia for two months. My brother alternates with Thailand. Now my mother-in-law has died and my husband stays 3 days' a week with his dad when we are in the UK. Not and ideal situation for most but it seems the only way to look after the people we love, keep our inheritance out of the hands of the government/caring associations etc. Neither families would get help from the government.

Saturday, October 3, 2015 05:34AM Report Comment

3. sneaker said...

If this is what recovery looks like, I'd hate to see recession.

Saturday, October 3, 2015 05:45PM Report Comment

4. enuii said...

Tell me about it, its like living in a HMO, effectively I am directly subsidising their employers and the government indirectly.

Saturday, October 3, 2015 06:11PM Report Comment

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