[Closed] Should I move out of the parents' house?

I'm paying £50/wk to help with bills

😯

Don't move out then.

On the other hand it's not negative equity if you can meet the payments each month, you could also rent but if the landlord says you can have pets be warned it's a trap.

What, do you think you'll find anywhere else to live for £220 a month?

And negative equity only occurs if your house sells for less than you owe on it - no other combination counts.

If you get on the ladder then you have taken th efirst step. First time buyer sized houses/flats will alwyas be in demand due to the first time buyers. A lot of people talk about the need for the housing market to correct itself but will it? We've gone through a roughish few years and the prices are still "elevated", so i'm not sure, given the government involvement, that we'll see depreciation (stagnation much more likely) for many years to come.

A number of things strike me at once.

If mine tries that (17 now) he'll be out on his ear long before 30.
Stand on your own two feet.
Try to think of your folks, do they really still want to be sharing with a grown-up man-child?
Rental properties are available.
Doesn't it bother you that your mum can hear you having sex?
Although, as you still live with her at 30, the above may not be an opportunity that comes along very often.

HTH.

APF

FWIW - All three of mine will not be allowed to stay for longer than a weekend after their 18th birthday.

Rent. Millions do.

Depends if you can afford to.

If you've only been paying £220 a month to stay at your parents I assume you've put away a massive deposit towards a house with the money you've saved!

Rent?

What's this fascination with having to own property in order to move out of the parental home? Some of the best years of my life were in shared rental properties.

Is this a troll?

Get off your ass, go and rent a place like the vast majority of people, learn to stand on your own two feet. Plenty of people do not have the luxury of living at home. At 30 I would be ashamed.

I had to leave home and self fund myself through uni at the age of 18....

I think you think too much.

Move out, rent or buy, no matter. House prices always go up, dips are only a problem if you want or need to sell. Buy somewhere you really want and stay there for ages. Or rent a nice place.

I assume you have been saving money for a deposit whilst you have been [s]freeloading[/s] staying at your parents.

I moved out when I was 18. A much as I love my parents the thought of living with them as an adult makes me shudder slightly.

From your Morzine thread

Due to my mates wasting their annual leave on girlfriends I have a couple of weeks left over to burn. Question is if I go to Morzine for a week on my own would I look like some kind of offender or is it like skiing where some people do their own thing?

I assume your mates do not live with their parents. Making the connection?!
You really need to move out of your parents house!

Its up to you but in general i agree with the time to stand on your own two feet and sharing with mates was such a laugh.

Re renting that is your choice re buying you have no idea what will happen with house prices over 25 years or what your circumstances will be. If houses did not correct during the slump they wont do anytime soon IMHO
When I bought mine i worked out that if I gave it away at the end of the mortgage I had still saved over renting.

And negative equity only occurs if your house sells for less than you owe on it - no other combination counts.

So what do you think I should do?

Rent, obviously! Life is too short to live with your parents at 30. By the time I was 30 I'd lived in Wales, London, Manchester and Helsinki. There's plenty of time for mortgages.

So what do you think I should do? I'm concerned that bad as the current situation is, if I get myself into negative equity and then (being pretty old) can't afford a family home in 5-10 years time then the folks wont be seeing any grandchildren which is probably a bigger deal?

Do you use [url= http://www.housepricecrash.co.uk/forum/index.php?showforum=47 ]HPC.co.uk[/url]? Your story seems a familiar one there - the good news is that you're 30 not 40 and don't seem to have yet picked up [url= http://www.housepricecrash.co.uk/forum/index.php?showtopic=192096 ]the bitterness and misogyny[/url] that afflict so many on that site.

In brief, life is what happens while you're making other plans.

Get out there, rent, meet some ladies, get things going. Having followed HPC since 2005 - and then bought at the peak in 2007! - I now believe that the best thing you can do is buy when you can afford to independent of what you think house prices will do in the future.

Our house has just been revalued for mortgage purposes at the same price we paid for it almost 6 years ago. That lack of appreciation has no impact on my life whatsoever - but having had five years of becoming a part of the local community, of making friends, of doing the garden, has been wonderful - and most of these benefits would be claimed by renters as well.

Get out there and give it a try. Worst case scenario as you envisage it would seem to be 'buy house > prices crash > negative equity > can't remortgage > bankrupt' - and that's a darn extreme scenario (and I'd suggest if it happens to you then there will be plenty worse off still as the economy collapses!)!

Further, I'd say that it's still a far happier story than 'build deposit by living with parents > prevent being caught out by HPC by living with parents > prevent developing life by living with parents > die', which at present is an altogether more likely situation.

If you already use HPC UK, stop. It won't add anything positive to your life.

If you don't use HPC UK, go and have a browse (start with the 26 pages of bitterness thread I link to above) and realise you do not want to become one of them.

Life. Be in it.

30 is pushing it a bit mate. Get out and rent if you are skeptical about the housing market. Frankly though, if you are worried about a housing crash, you will probably never buy. Noone is ever going to guarantee your investment. Get on a help to buy scheme and make the best of the situation.

By 25 I was married and a home owner. Granted in a cheap area to live, but seriously 30 and still at home!! FFS!!! Loving the comments about your mates wasting time with girlfriends....it called living!!

Given that you are 30 and making the generous contribution of 50 quid a week to your folks as living costs, I'd hope that the world was your oyster in terms of getting on the property ladder!! Times yoir current bill of 50 quid by anything between 25+ to get an idea of the cost of running a home!

glupton1976 - Member

FWIW - All three of mine will not be allowed to stay for longer than a weekend after their 18th birthday.

I'm the same age as you, left uni 2 years earlier in 2005, bought first flat in 2007, got married last year and will be moving to a house at the end of the year. You still live with your mum. Do you think you should move out?

Sorry if that sounds harsh and no doubt the financial aspects of the above have been tough but (admittedly based on the one post above) it seems like life is passing you by. As for renting, some of the best years of my life were living with mates in rented places, about 22/23 when we'd started earning but still knew how to enjoy ourselves!

Wow, just looked at hpc.co.uk. It is a right party over there isn't it 🙄

[img] [/img]

Where do you live and work? I reckon we should all get house hunting for you tonight!

In other part of the world everyone lives under one roof as long as they can.

It would be considered rude or unacceptable if none of the children stay with their parents so usually there is always one that stay with parents. S/he will then look after them until old age or the eventuality of the parents departure from this world. Then after that the house will go to the one that stay and look after the parents before their demise. Or whatever prior arrangement they have.

Jesus lived with his folks to around that age. Look what happened to him!

The OP earlier today:
[img] [/img]

😉

Why a picture of Dave Anderson?

Living with your folks isn't an issue if it is part of a bigger plan, ie saving up a deposit. If you are planning to stay there until house prices fall into line with what you want you will be there until you die. Buy sensibly and you will be fine.

You don't need to buy. Of course it's nice but it's not everything.

With regards negative equity.. It doesn't matter unless you want or need to move. Then it gets difficult.

Get some self respect, move out.

Life is scary and has no guarantees. Get out there and start living.

Still at home at 30 ? must still need bitty

http://www.bbc.co.uk/comedy/littlebritain/characters/harvey.shtml

Houseshare

I lived at home till I was 27, allowed me to save a bigger deposit faster. I don't see the point in moving out just for the sake of not living at home.

Unless your parents want you to bugger off .I went at 22 but still know people in their 30s and 40s living at home on the cheap

for what its worth mate I'm 35 and still live with my parents. you need two incomes to be honest on a normal wage and since i;m single I have no chance! do I care ....nope! as long as you are paying rent and not taking the piss living rent free I cant see a problem 🙂 in other countries its perfectly fine !

Jesus wept, I started paying my folks £40 a week as soon as I started working - and that was 15 years ago.

Good luck!

😯

Even living in a grotty house share was preferable to living with mum and dad, and that was at 18.

Yes, move out now, you are knocking on the door of middle age!

For a bit of balance many Greek and Italian guys I know lived at home till they got married in their 30's and it was no biggie. Your reasoning seems a bit odd though it seems sensible to just buy a place instead of paying someone else's mortgage. If my kids needed a home due to emergency at 30 I'd be OK with that but if they were mooching off me for 50 quid a week and never left they'd be out.

**** me that HPC site is a barrel of laughs.

If your parents love you, enjoy you living with them and you genuinely help them out then I'd not think you were taking the mick.

If having kids and a relationship will make you happy then you should pursue that instead of hanging your happiness on a price crash that may or may not happen. Don't worry about making your parents happy with grandkids if kids are not what YOU want.

My kids? I'd want them to get out and live their lives instead of turning into 30-something Ebenezer Scrooges because of something they have no control over.

I overhead a couple on the train the other day talking about their friend that had was house sitting for a very well of family friend. He hadn't paid any rent for 10 years, imagine how much he'd saved was the question.

If you're working full time and only paying £50 a week for bills you should be saving £500 a month a least. That's a fair bit and you should have plenty stashed away to move out.

Two wages ? I managed it on one and paid maintenance in my 40s after a break up without running home in a crisis !

Edric64 your medals in the post 🙂

If independance is important to you, move out.
If you can bear the sound of your rutting parents, desperately trying to rid theirselves of a lecherous hanger on, nightly, then £50 a lifetime seems reasonable.
Man up and move out.
How can you expect to raise children when you can barely wipe your own arse?

You don't necessarily need 2 wages to move out or get a mortgage. It sounds like your making excuses about the housing market to stay with your parents. Fine if it suits you but don't kid yourself your staying due to the housing market.

Not really sure why you're asking random strangers where you should live?
Maybe you should ask mummy? (sorry I couldn't resist)

Ever wish you hadn't bothered starting this? 😀

Sounds like most on here are just jealous of the fact you pay £50 per week and no doubt get your washing done for you and your tea cooked when you get home from work.

i would carry on living the dream, and spend your savings on Hope team green components for your bike and Pogs (or whatever else kids spend their money on).

If you've got to much spare time on your hands, you could ask your dad if you can build a pump track in your garden.

Living on your own is just a world of misery involving endless amounts of cooking, cleaning and ironing, all because you're desperate to become an adult.

But make sure you move out before your parents are so old that you have to look after them!

Yes. Move out. You'll realise why in about 5 years and think ....thank goodness I did when I did!

Edit: you'll realise immediately! Not in 5 years time!....

30? Move out or kill them and claim their pensions.

Having your own place is more than a financial decision. Think of the self esteem boost you'll have from gaining independence. If you haven't got enough for a deposit now consider renting your own place or a house share. Can you lodge with one of your mates or jointly rent to save money?

I moved out at 25 into a house share. Even then I felt it was long overdue. It felt great being independent but financially it wasn't the best move as I'm now 31 and only now have enough money to buy my own place. If I'd stayed at home I would have been able to buy my own place at 27-28.

In my opinion 30 is too old to be living with your parents and you need to move out whether its renting or buying.

[i]For a bit of balance many Greek and Italian guys I know lived at home till they got married in their 30's and it was no biggie[/i]

This.

I worked in Naples for a while, and no way would a single guy/girl leave home for anything other than to move in with someone or to work away.

If you're all happy, and the place has enough room - what's the problem? And I've 3 sons' - luckily we've also space (and planning permission) for an annex for children or parents.

And I bought my first place at 20 y/o, but then you could on even a poor wage - a bit different now, and tbh my working kids are barely earning much more than I was at their age (and that was 30 years ago).

Go find yourself a sugar-mama

Lots of problems solved in one hit 😀

I moved out at 20, bought first house at 24, 2nd house at 28. Next week I turn 30 😀

I wouldn't even be thinking twice about moving out / buying.

[quote=DanW ]Go find yourself a sugar-mama

He may not be that way inclined....

Finished Uni in 2008, moved out 2009, got made redundant 2010, bought house this year. I couldn't comprehend still living with my parents now.

If you can, go nuts, you come across as very juvenile from what you've said, and I've got friends who are very similar. No place of randomers on the interwebz to tell you what to do.

He may not be that way inclined....

Sugar daddy works just as effectively according to preference 😀

OP You actually feel the need to ask?!

No point in worrying about losing equity in a house - it's not exactly liquid funds now is it?!

You also need to do a reality check - if you haven't saved up oodles of cash whilst living with your folks, then you will have to accept that the first house you buy/rent will be a doer-upper/total shitter.

Mine was - We bought a ratty terraced house in an undesireable area for not a lot of money in 2003. At the time all the same noises were going on about 'houses are over valued', negative equity risk, interest rates (shockingly high at 5.5%), all those things. The house we bought was damp, draughty, dreadfully decorated and not where we wanted to be.

It was however, in our budget and more importantly, ours.

We redecorated on a tight budget, worked bloody hard and five years later had a nice house, which was very much our home. If we'd continued worrying, we would still be renting and complaining we'll never be able to afford a deposit.

We couldn't really afford a deposit then but we found a way and consequently got a foot on the ladder.

At the bottom, which is always a good place to start.

We couldn't really afford a deposit then but we found a way and consequently got a foot on the ladder.

At the bottom, which is always a good place to start.

I could be wrong - but basically that's what 97.5% folk one here are saying - in a nice way. And sorry about the Jesus thing.

Buy a flat / house to live in. It property values go tits up: walk away. Your first house is never an investment. Its somewhere to live.

For a bit of balance many Greek and Italian guys I know lived at home till they got married in their 30's and it was no biggie

This.

I worked in Naples for a while, and no way would a single guy/girl leave home for anything other than to move in with someone or to work away.

Sure. But British societal norms are somewhat different to Greek or Italian ones in this regard, which means that living at home at 30 in the UK has different implications socially than doing so in Greece or Italy.

And yes, HPC is quite a place!

IMO (take with a bucket of salt or whatever) in the UK it seems:

-There's a lot of people out there faced with a lifetime of renting.
-A lot of people also have quite high expectations of what they should have and sometimes its not realistic.

I would of thought getting on the housing ladder by the age of 30 would be pretty good going in the UK?

Depends where you live I guess. In the principality that is London then owning a property at 30 would be good going I guess. Up here in the grim North it isn't quite as remarkable.

I consider my house (which is my first) to be an investment-identical one opposite has just gone up for sale for 25k more than I paid this time last year.

Yeah, you should move out.

Get one of these so you won't miss bitty.

[img] [/img]

Ive lived at home for all but 3 of my 31 years, managed to save a healthy deposit & be debt free, just bought my first house.

Im presuming you have a deposit or at least saving towards one?

Save as much as you can while staying at your parents.

I am sure parents does not bring up children just to kick them out.

When the time is right you move out. i.e. when you start your own family or you have enough saving to risk it.

[b]I would rather contribute to my parents' expenses than paying rent.[/b]

The economy is going to be gloom and doom for sometime to come ... you are talking about at least 10 - 20 years period from now. Burden yourself with debts during this time you will incur unnecessary stress for your future/future family.(UK national debts are four times that of bankrupted Greece and no way of reducing ... UK also ranks 3rd in the world with debts)

Give it another 5 to 10 years the trend will be more people likely to stay their parents until they are ready to leave. Even if the house price decreases not many will be able to afford it or at least not want risk it because jobs will be Very difficult to come by and pay will be shite. You are competing with people from EU btw. Zero hour contract? See that coming ...?

Why tie yourself down at this age while you can still continue to save up until you are ready?

Iesu Grist. what have you missed! i bet you have never even had a std? go and play in the world man it really is great fun. have you noticed how the people who had negative equity are still around, smiling, riding high end bikes. oh... and most of them have pretty nice houses. grow up, get off your xbox (im only 2 yrs older than you)

lesu Grist - I worship you.

Should I move out of the parents' house?

.........Yes!!!

I moved out when I was 25. It took about a day to realise I should have done it years earlier! If you can't afford to buy then rent, it's not a dirty thing y'know 😉

As others have said, why not rent!?

There's no shame in it you know! Owning your own house is great but not cheap!

In the OPs position. Before moving out I'd be tempted to attempt setting up a small business.

Invest in a van and garden office workspace, and if it goes tits up. You've got a bike (maybe, depends how wrong it goes)van, and you've bought your folks a nice garden room. And gained some valuable (bitter) experience.

I know setting up a new business is a tough ask at the minute. But with the OPs concerns, and a micro scale venture I reckon it'd be worth a punt with minimal risk. It might also be a tough ask for your folks.

As for staying at home, what do your folks think. Some on here would gladly see the back of your wretched existence. My Folks are still asking me to move back in, and I'm 36. Different parents have different attitudes on the matter.

The girlfriends folks wanted us to join resources to buy a joint "estate" in Pembrokeshire just a few months back. They are still keen. I am still utterly horrified. I'm sure Pembrokeshire is nice, but not that nice. Even with separate living spaces / buildings.

You'll almost certainly be happier in the short term for moving out. But worry less about social snobbery, and worry more about the long term implications. 9 times out of 10 long term it's better to move out. But not always.

I moved out at 18. It was hard going but I don't regret it. My two Uncles still live at home. They're 59 and 64 a little sad I don't envy them. Both a little socially backwards really.

Oh and Curiousyellow. What are you doing outside of English Voodoo? Gamecat won't be happy.

Get yourself a cougar, the always have their own [s]sex dens[/s] houses so you could move in and pay with favours while still saving for a place of your own, although at 30 you may no longer be attractive prey for the best cougars and may have to settle for a turkey vulture!

Hope this helps

[img] [/img]

Bitty- bitty I want bitty.

my kids are 9 and 11 and both know they have their own lives to live out in the big bad naughty world, and can not wait to be old enough to live anywhere they want around the world- our home is not on their list, it is on their places to keep visiting but not live, especially at 30! good grief!

I moved out when I was 18, but moved back in with my parents last year. I would much rather live on my own again, but moving back home is allowing me to save a deposit so that I can buy my own place rather than renting.

If you've been sensible and saved a good deposit then neg equity shouldn't be a problem. Buy the right house and you won't need to move for a good few years anyway.

How apt.
[url] http://www.thedailymash.co.uk/news/society/people-who-dont-buy-a-house-will-never-be-happy-2013082178832 [/url]

😉

Personally I'd say if you're happy living with your parents and you don't really feel any burning desire to move out then stay there. if you feel they're restricting your freedom and enjoyment then move out. The rent/buy argument is purely academic. Plenty of people choose to rent nowadays even when they can afford to buy. Nowt wrong with it.

My brother is still at home. At 40 - something. Living off my parents generosity, claiming he is broke but constantly buying shite. As a consequence he commands no respect.

I can't imagine why he/you/anyone would want to stay living in someone else's pocket.

My kids are pretty keen to go, but I'd let them stay until 21 max. Then they'll need to as I'll be off sailing and probably living on a boat.

At 30 you're rapidly turning into my brother. That is not a good thing.

@logical

Oh and Curiousyellow. What are you doing outside of English Voodoo?

Looking for my sister I think.

Given the OP has not replied since his first post, I'm now calling this one a Troll

This thread would definitely be enhanced by a reply from the OP otherwise it will very quickly go even more downhill 😀

Maybe he/ she is out cougar/ silver fox hunting and doesn't have the time to reply? 😀

dont think its a troll... lots of people that age (me included) worry about house values, negative equity, slipping deeper into financial crisis etc etc.... i know lots of people my age who still live at home with parents for exactly the reasons stated in the OP, and most of them dont pay any money towards bills etc (lucky sods)

i'm of a similar age, been saving for a deposit for years, have the same worries.. only difference is i've been renting for years so the savings have been accumulating a LOT slower than if i'd lived with parents

if i was the OP and reading the responses, i'd be reluctant to reply again, lots of micky taking mixed in with the advice.

Stay where you are. You are really very lucky to have that option. And in terms of it being embarrassing - well, who cares?

Make plans to move out - whether saving up cash for a place (yeah I know...) or like me, buying a narrowboat to live on.