‘I’ve turned Into a Teenager’
A new survey reveals over a quarter of us are back with our parents in a bid to get on the property ladder. But what’s it really like?
It seems as if there’s a new survey every day about the sorry state of the housing market for millennials. Not only can we not afford a deposit, but there’s a severe shortage of houses being built. Over the past year, while property prices have crept up by 7.5 per cent, wages have only increased by 1.9 per cent. It’s depressing reading.
A study last week revealed that only a third of millennials can afford to buy a house and, of those surveyed, 35 per cent head to the bank of mum and dad for financial help, while a huge 27 per cent return to actually live with our mums and dads in a bid to save for the purchase. But what effect can that actually have on your home life?
‘I moved back in with my parents in December, after living in London with mates for two years,’ says Karen, 28, who works in publishing. ‘I desperately want to buy my own place, but there’s no way I could have saved enough – this was the last option. It was fun at first as my mum fussed over me and it was nice coming home to dinner on the table. Now, as much as a “How was your day?” is enough to drive me mad. I feel like I’ve turned into a teenager again.’
According to our psychologists, this regression is common – and it can be harmful to your health. ‘There are many stressors involved in moving back with parents,’ says psychologist Dr Arthur Cassidy. ‘Making compromises can cause conflict and raise tensions. Many parents will see their offspring as “guests” in their home and if they fail to conform to certain criteria or disturb parents’ sleep routines, for example, it causes stress for both parties.’ Ouch. Not good. No wonder millennials are being labelled ‘the anxious generation’.
So what’s to be done? The Government has admitted the housing market is ‘broken’ and vowed to build more homes, but that’s not really helping us right now. All we can hope is that the more we talk about the issue together, the quicker the solutions will come.
We can’t just stroll around in our undies
Making compromises can cause stress and anxiety for both parties