More grand parents, parents and children living together

Discussion in 'Property Market News and Trends' started by realdeals, Nov 12, 2017.

  1. realdeals

    realdeals Active Member

    I read a report today suggesting that more grand parents, parents and children and living together under one roof to save money - is this really the case? Are things really that bad?
  2. diyhelp

    diyhelp Active Member

    Interesting new trend - something which has been commonplace on the continient for many years. This might be one (of many ways) to help reduce demand for UK property. It wont make a difference on its own but the cumulative effect with other actions should help.
  3. lookinginvest

    lookinginvest Member

    All of the family living together? Not quite as easy as some would have you believe. Different age groups often like a different types of living lol Self-contained apartments sounds interesting but maybe not affordable/feasible for everyone?
  4. realdeals

    realdeals Active Member

    This is not something I have come across personally but for some familes it will make perfect sense. For others, well, it might prompt World War III.
  5. jane21august

    jane21august New Member

    Well, there are few countries where this does happen.On my trip to India, most of the people are living in the same house under one roof and there is no fighting about it.They all look happy to me.
  6. diyhelp

    diyhelp Active Member

    Good point, generations of family living under the same roof is common practice in many countries. It is not something which has necessarily caught on in the UK as a cultural thing but financially it does seem as though more people are considering it.
  7. realdeals

    realdeals Active Member

    Once money from the bank of “mum and dad” runs out perhaps we will see more people looking towards this type of accommodation arrangement?
  8. jane21august

    jane21august New Member

    With the increase in population either these people will be forced to move from one place to another, else they have to remain with one another for saving their money.
  9. nmb

    nmb Well-Known Member

    We have a double whammy here - the UK population is aging as we all live longer and the population is also growing domestically and via immigration. This is a trend which is likely to continue well into the future.
  10. sam888

    sam888 New Member

    Of course they do, the prices for property are too high
  11. Rainwing

    Rainwing New Member

    Sometimes it can be. In places where property is expensive
  12. Longterminvestor

    Longterminvestor Active Member

    There is a lot of talk about modular housing taking some of the strain off the UK market - any views?
  13. lkybd

    lkybd New Member

    Sometimes got no choice, because need to save cost. Cost of living is getting higher everyday!

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