ICTChris Posted January 15 Share Posted January 15 RETVRN to 1920. 3 Quote Link to comment Share on other sites More sharing options...
Ned Nederlander Posted January 15 Share Posted January 15 Do those graphs take into account 'Right to buy' council house prices? My parents paid about £7k for their council house back in the 80s - it's worth about £200k now. 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted January 15 Share Posted January 15 (edited) I assume they will take into account prices paid, so would include those who bought council houses at reduced rates. I think my grandparents bought their council house at a huge discount. According to Zoopla, it's now worth £200k, kerching. Edited January 15 by ICTChris 0 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted January 15 Share Posted January 15 17 minutes ago, Ned Nederlander said: Do those graphs take into account 'Right to buy' council house prices? My parents paid about £7k for their council house back in the 80s - it's worth about £200k now. Mine decided not to buy. I blame them for my financial ruination and my need to be still working. 0 Quote Link to comment Share on other sites More sharing options...
Brother Blades Posted January 15 Share Posted January 15 27 minutes ago, Sergeant Wilson said: Mine decided not to buy. I blame them for my financial ruination and my need to be still working. 0 Quote Link to comment Share on other sites More sharing options...
Melanius Mullarkey Posted January 15 Share Posted January 15 1 hour ago, ICTChris said: RETVRN to 1920. We've already got Brexit done innit? 0 Quote Link to comment Share on other sites More sharing options...
GHF-23 Posted January 15 Share Posted January 15 I think there's certainly space for intentional multi generational living as part of a response to the housing crisis. While its prevalence is overstated in particular in Southern Europe, it is more common in other places and where space and other privilege allows a decision for 3 generations of a family to live together can make sense. Childcare for the middle generation is easily available, housing costs will be lower; and for the elder generation support and companionship are more consistent, allowing greater opportunity to age in place and maintain ownership of a family home that may have been held for 20+ years. It's something we have tentatively discussed with my wife's parents as a potential long term solution when we move to the states, although it's unlikely it will be what we ultimately do. I have a feeling that's very much not the decision making behind the trends above though 0 Quote Link to comment Share on other sites More sharing options...
coprolite Posted January 15 Share Posted January 15 1 hour ago, Dunning1874 said: The obvious graphs which explain that shift. Avocado toast and Netflix, though. Impact of house prices is lessened by interest rates though. Average mortgage payments were about 30% of earnings in 1998 and still are. Obviously house prices affect the amount needed for a deposit if you're buying. So they're not irrelevant. House prices are also related to the buy to let market which is related to another big change. The huge reduction in public housing since Thatcher. Council Houses have been replaced by housing associations and private landlords. If you want to move out of the family home at 18 now it's likely that your options will be private rental, army, street or jail. Numbers going into university are also much higher. These figures aren't just Scotland, so you also have the impact of tuition fees. These all account in part for the increase in people living with their parents. The two options on the graph aren't the only options though. I'd assume that a big driver in the decline in people living with kids by 34 is people having kids later. It's not a huge shift but it will have a big impact. Finally, i don't think we can ignore this: 3 Quote Link to comment Share on other sites More sharing options...
Fullerene Posted January 15 Share Posted January 15 These people were as rich as anything but still chose to live with Mum and Dad instead of getting a place of their own. 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted January 15 Share Posted January 15 1 hour ago, GHF-23 said: I think there's certainly space for intentional multi generational living as part of a response to the housing crisis. While its prevalence is overstated in particular in Southern Europe, it is more common in other places and where space and other privilege allows a decision for 3 generations of a family to live together can make sense. Childcare for the middle generation is easily available, housing costs will be lower; and for the elder generation support and companionship are more consistent, allowing greater opportunity to age in place and maintain ownership of a family home that may have been held for 20+ years. It's something we have tentatively discussed with my wife's parents as a potential long term solution when we move to the states, although it's unlikely it will be what we ultimately do. I have a feeling that's very much not the decision making behind the trends above though Need bigger houses for this IMO - the yanks have an average house size of more than twice that of the UK. 1 Quote Link to comment Share on other sites More sharing options...
GHF-23 Posted January 15 Share Posted January 15 14 minutes ago, ICTChris said: Need bigger houses for this IMO - the yanks have an average house size of more than twice that of the UK. That's a very good point tbf - maybe not one for the general UK household, and I suppose those wealthy enough to have a home of that size in the UK are more likely to also have the capital to just gift their children a large deposit so doesn't really apply well there. 0 Quote Link to comment Share on other sites More sharing options...
Melanius Mullarkey Posted January 15 Share Posted January 15 1 hour ago, coprolite said: Impact of house prices is lessened by interest rates though. Average mortgage payments were about 30% of earnings in 1998 and still are. Obviously house prices affect the amount needed for a deposit if you're buying. So they're not irrelevant. House prices are also related to the buy to let market which is related to another big change. The huge reduction in public housing since Thatcher. Council Houses have been replaced by housing associations and private landlords. If you want to move out of the family home at 18 now it's likely that your options will be private rental, army, street or jail. Numbers going into university are also much higher. These figures aren't just Scotland, so you also have the impact of tuition fees. These all account in part for the increase in people living with their parents. The two options on the graph aren't the only options though. I'd assume that a big driver in the decline in people living with kids by 34 is people having kids later. It's not a huge shift but it will have a big impact. Finally, i don't think we can ignore this: What happened in 2018? 0 Quote Link to comment Share on other sites More sharing options...
coprolite Posted January 15 Share Posted January 15 7 minutes ago, Melanius Mullarkant said: What happened in 2018? Looks like a combination of overproduction in South Africa and over atomised suppliers in Peru. Peruvians piss me off with their atomisation. Always go too far. https://www.freshplaza.com/europe/article/9063083/avocado-the-catastrophic-2018-scenario-cannot-happen-again-this-year/ 0 Quote Link to comment Share on other sites More sharing options...
Melanius Mullarkey Posted January 15 Share Posted January 15 1 minute ago, coprolite said: Looks like a combination of overproduction in South Africa and over atomised suppliers in Peru. Peruvians piss me off with their atomisation. Always go too far. https://www.freshplaza.com/europe/article/9063083/avocado-the-catastrophic-2018-scenario-cannot-happen-again-this-year/ Typical. 1 Quote Link to comment Share on other sites More sharing options...
Salt n Vinegar Posted January 15 Share Posted January 15 I don't trust avocados. Impossible to discern ripeness. Seems to me they go from rock hard to jelly in about 15 minutes. (Cue sundry Kenneths) 0 Quote Link to comment Share on other sites More sharing options...
Fullerene Posted January 15 Share Posted January 15 1 hour ago, ICTChris said: Need bigger houses for this IMO - the yanks have an average house size of more than twice that of the UK. Often that is because the land value is less. Also, there are plenty of American homes where the shell of the building is wood. 0 Quote Link to comment Share on other sites More sharing options...
Fullerene Posted January 15 Share Posted January 15 2 hours ago, coprolite said: House prices are also related to the buy to let market which is related to another big change. The huge reduction in public housing since Thatcher. Council Houses have been replaced by housing associations and private landlords. If you want to move out of the family home at 18 now it's likely that your options will be private rental, army, street or jail. House prices are also affected by all the people who see property as an easy investment that will earn more money than anything else. Apparently there are more empty houses in London than there are houses (empty or not) in Liverpool. 0 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted January 16 Share Posted January 16 21 hours ago, GHF-23 said: I think there's certainly space for intentional multi generational living as part of a response to the housing crisis. While its prevalence is overstated in particular in Southern Europe, it is more common in other places and where space and other privilege allows a decision for 3 generations of a family to live together can make sense. Childcare for the middle generation is easily available, housing costs will be lower; and for the elder generation support and companionship are more consistent, allowing greater opportunity to age in place and maintain ownership of a family home that may have been held for 20+ years. It's something we have tentatively discussed with my wife's parents as a potential long term solution when we move to the states, although it's unlikely it will be what we ultimately do. I have a feeling that's very much not the decision making behind the trends above though At one stage we had, essentially, 6 adults living in our 5 bedroom house. I was forced share with my wife and therefore couldn't decorate the way I wanted. As soon as the last one moved out we downsized to make sure they couldn't come back. 2 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted January 16 Share Posted January 16 49 minutes ago, Sergeant Wilson said: At one stage we had, essentially, 6 adults living in our 5 bedroom house. I was forced share with my wife and therefore couldn't decorate the way I wanted. As soon as the last one moved out we downsized to make sure they couldn't come back. When I first read that I somehow skipped the word "with" and it looked like a far more interesting story 2 Quote Link to comment Share on other sites More sharing options...
DiegoDiego Posted January 16 Share Posted January 16 1 hour ago, topcat(The most tip top) said: When I first read that I somehow skipped the word "with" and it looked like a far more interesting story Things you want to share with P&B thread for this pish. 1 Quote Link to comment Share on other sites More sharing options...
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