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More grand parents, parents and children living together

R

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?
 
D

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.
 
L

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?
 
R

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.
 
J

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.
 
D

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.
 
R

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?
 
J

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.
 
N

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.
 
L

Longterminvestor

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

lkybd

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

Longterminvestor

Administrator
Its is not just the "kids" saving money but life is getting tougher and tougher for parents and grandparents.
 
F

FWL

Member
It would be interesting to see the average size of households (how many people per house) over the last 100 years. In the 80s people were moving out when the property boom began (right to buy) but now it has turned full circle again.
 
R

realdeals

Active Member
In a time when kids are hooked on computer games, social media, etc I dont thing it does any harm to get back to good old fashioned family values which are more likely to happen when living under the same roof.
 
L

Longterminvestor

Administrator
Many people seem to think this is a "bad" thing but keepig families together - is that really such a bad thing?
 
R

realdeals

Active Member
There is even a trend of older kids moving back to live with their parents because of the cost of living. Unless we see more urgency from the politicians to address the new build shortage in the UK, we will see more and more familes living together for longer and longer. Not ideal for young couples but better than life on the streets!
 
Veronica

Veronica

Administrator
My son and DIL were renting here in France and when we bought our house here we converted a part of it into self contained unit for them. They now live with us rent free but contribute towards the running costs of the house. This saves them money, helps us out, and they are here to help us as we get older., Works really well for us all.
 
D

diyhelp

Active Member
Hi @Veronica

This makes perfect sense for all parties involved; there to help each other, split the bills but also having a degree of separation with the self-contained unit. When you also take into account the cost of care in older age, it is not difficult to see why more families are looking down this particular road.
 
Veronica

Veronica

Administrator
Hi @Veronica

This makes perfect sense for all parties involved; there to help each other, split the bills but also having a degree of separation with the self-contained unit. When you also take into account the cost of care in older age, it is not difficult to see why more families are looking down this particular road.
In the past families were there for each other and the younger generation took care of the older generation. This still holds true in some less developed countries but unfortunately is rarer in modern society which is a shame. Too many old people are stuck in institutions, rarely seeing family members. A return to families living together and helping each other would be a good thing for society in general IMO. Sadly it is unlikely to happen.
 
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