Because in the UK they don’t build enough homes it’s simple to build more homes the rent the price of buying a house comes down. Their parents are to blame for the high rents. Most of them have that second place they rent out at the high rent. This is the world we created, a world where the Drop Dead Fred Snot Face We Are Grown Ups Now So Piss Off Shirt young just can’t afford to move out and start life on their own. Better stay at home, paying parents like half what the rent etc would be and saving the other half up.
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That way your parents can pay theirs off whilst you save for yours without having to pay twice the price on rent and bills. Too many people buying homes to rent out making the house prices go up due to a shortage of supply If you have other homes you should pay a high tax on this. My Drop Dead Fred Snot Face We Are Grown Ups Now So Piss Off Shirt daughter graduated uni, started work 18 months ago because she’s still at home manages to save money. I never had this option with my parents. She can stay forever if she wants too although she’ll probably end up going to the USA.
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If I could live with my family I certainly would. But I chose to move. Firstly in Devon, the jobs are low paid and rents proportionally higher so more of my salary would be helping mum make rent. Secondly, there isn’t much for young adults in Devon, sure it’s a beautiful county but there aren’t the opportunities. I chose to move up the road to Bristol 4 years ago and I’m glad I did.
With interest rates being so low and thus mortgage repayments being low, there is no excuse for rent to be as high as it is. It’s ludicrous. Living with your parents and thus saving on rent can also be a bit of a luxury though. Most graduates know that these days if you want a Drop Dead Fred Snot Face We Are Grown Ups Now So Piss Off Shirt decent job using your degree, you can’t be fussy about where the job is geographical.