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More Brits return to the family home to save for a mortgage |
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Wednesday, 29 October 2008 |
Because of the deepening credit crisis more young people return to family homes, says the British Sunday Times.
In June a 26-year-old Alex Bolf, who works for the company for tax advice in the City, leaving his bachelor digs, which share with a friend in southwest London, and returns to the house of his parents in Tanbridzh Wells, Kent. This is a course that has never expect it will.
Bolf lives in London nearly three years, but decided it can no longer afford to live alone. "I was not able to save anything for the rent and any additional costs to the city. I could not imagine how to save a deposit", he explained his decision.
In his words is now able to save on 275 pounds a month, after deducting the cost of travel from 55 pounds a week.
His parents welcomed his return, but have comments about how his life and that always helps home.
Before such problems with personal habits are again facing a whole generation of young Brits aged between 20 and 30 years who like Bolf return to the family nest.
While it is normal to return home after college, this group of young people lived separately for some time and now returns, often set with a partner or even by a spouse.
Cases of "boomerang children" has every day, reads newspapers and give other examples, including a couples with children who are not expected and were not prepared for credit crisis and bankruptcies such as Lehman.
The reasons an increasing number of young people who until recently lived separately, to return to family homes are inability to afford rent and save for a mortgage, loss of job or simply too big rise in the cost of living.
The trend is upward for some time - based on data from the UK statistics in 2006 58 percent of men and 39 percent of women aged between 20 and 24 years in England lived with their parents, which is growth of 8 percent over 1991
According to new studies of Prudential almost every fifth adult lives Britain with his grown children and one third of parents expect their children to live with them after they turn 21 years.
The trend is more pronounced in London and southeast of the country because of high costs for housing, explanations of the real estate agency Knight Frank.
Purchase of the first house on the island is becoming ever more unbearable. In recent data Halifax number of people who buy housing for the first time in my life is the lowest level since 1980 onwards. |
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