Once again, I would like to apologize for the missed posts last week, I hope to make it up to you with some kick ass posts.
ADULT CHILDREN AT HOME
We are parents of 2 adult children, they both work, are responsible, are caring and empathetic, AND THEY LIVE AT HOME.
I know that things are tough out there, and I know that there is no way in our area that they could live away from home because there is nothing out there that they can afford. I feel so sorry that they will never know the feeling of independence that comes from renting your first apartment.
THEY HAVE IT TOUGH
Today’s young adults are going to find that finding a place to live that is not their parent’s home is something that can be achieved only if they have won the lottery or are in such high paying jobs that they can afford the ridiculous prices that are charged for homes and apartments, or condos these days. In the area where we live there is a less than 1% vacancy rate for renters, and if you do find something to rent the cost is so high you would not be able to eat.
I have come to wonder, how are our young people supposed to learn how to be truly independent? While living at home they are expected to pay rent and they do, but we take care of the rest, paying the bills, grocery shopping, laundry (for some people, we do not do our children’s laundry), and all the other things that come with running a household.
My daughter is in a really good job, but even with the good salary that she receives it will be at least three maybe more years before she can afford a down payment on a condo (and she never will own a free-standing family home, not in this market where just to get in at the low-end is $700,000.00 +)
My son on the other hand, does not make the kind of money his sister does, so his chances of ownership of even a condo, go many more years than hers.
My kids hate when they end up in my blog, so I will stop talking about them and just talk about young adults.
WHAT ARE THEY TO DO
How are we ever going to be able to give them the opportunities that were given to us? The idea of a first apartment, usually some run down thing that we had to make the best of until we could afford a better place, then slowly move up the housing ladder until you can afford to own your own home. That feeling of accomplishment when you pay your first month’s rent, is something that we can’t really give them, it has to come from not paying your parents to live in their home, but from somewhere that you can claim as your own.
Maybe where you live your children can afford to move out and be on their own, but not in the Lower Mainland of BC.
“$649,000 Residential Attached
612 sq. ft
RARE OPPORTUNITY TO OWN a 1 bedroom apartment with UNOBSTRUCTED gorgeous west/north water & mountain views in the high demand. Choice west/north, one bedroom units on the coveted roof-top deck 8th floor are rarely”
Found online – I removed the address and the picture
WHAT CAN WE DO
I wonder sometimes if we shouldn’t get the governments involved, this is not the only place that this is happening surely, I know that to live in London, or New York, or even LA has to cost an arm and a leg, so how do we provide for our kid’s growth as adults, how do we help them to learn the truth about living on your own?
If they can’t afford to leave, how do we give them the opportunity to know what it feels like to have to decide to pay the rent or miss out on a meal or two? That’s when they learn to budget properly, you can tell them and tell them but until it happens, how do they learn?
IS THERE ANYTHING THAT ANYONE CAN DO
This may be the first generation of adults that will not be able to own a single family home, no, they will have to decide between condo’s or townhomes, and even the townhomes are getting ridiculously priced.
Where are the young adults to turn, to our leaders, who are busy trying to keep their own country’s afloat in this economy? With the British now leaving the European Union, all the governments of the world are going to be focused on how to sustain their citizens against what could prove to be another financial collapse.
I understand that the government’s responsibilities are to the whole of the country not just a section, but what do we do about our grown up sons and daughters, who would like nothing more than to be able to strikeout on their own, but find it impossible not only to find a place but afford one if they find it.
My darling husband says that if we want to teach them how to get along on the money they make, we should turn the responsibility of running the household over to them for two months. We pay them what they pay us each month and then see how they do. But, that I think would be very unfair, they do not make the kind of money that runs our household, so how could we expect them to be able to pay the bills and the mortgage, not to mention the groceries and the gas for the cars. Even with them both bringing in money they would not be able to handle it.
THEY HAVE IT SO GOOD
How many times have we heard people denigrating the young people as having it so good, Mummy and Daddy taking care of them well into their twenties and even their thirties in some cases? All of those talking down to those kids are people who did not have the obstacles that our young people face. When did any of them have to worry about whether they would ever be able to leave the family home?
Regardless of what profession you are in you always have to start at the bottom and make your way up, so the money is not always there when you start out. We know that because it happened that way for us, but at least we could count on being able to move out at some point.
I don’t know how young families are going to prosper in this kind of environment, even if they find a home to buy, how house poor are they going to be, what will they have to give up so that they can have a roof over their heads? Will their children be able to go into sports or dance or art or whatever catches their fancy like our kids did?
Where will the sports superstars come from, where will the dance stars and the actors and artists come from? If all of the money that a family is making goes to putting a roof over their heads, what becomes of their children? We all know what happens when kids are bored and have nowhere to turn to get their energy out, that’s when we start seeing vandalism and out and out crime, because they have nothing else.
Where are the outcries, where are the young people demanding that governments do something? You don’t see them because they have it pretty good at home, dinner is made for them, the house is cleaned and there is always something in the fridge or the cupboards. They have their own rooms with their own TVs, their own computers or ipads and iphones. There is always someone there to talk to or complain to or pour out your heart to. Why aren’t they up in arms about not being able to afford a place of their own? Come on, if you had someone who cooked your food, did your laundry, cleaned your house, and paid the bills, would you complain?
Talk to you on Thursday