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Markets Pre-Markets U. Related Tags. Those who charge their children rent do it not so much because they need the money though these baby cuckoos do tend to have man-sized appetites and treble your weekly food bill but as a kind of life lesson.
My friend Priscilla the one who was going travelling with her husband as soon as the children left home — ha! Without that token rent, though, she believes he will never learn the discipline of money management. There is a certain amount of truth in this.
All her friends live at home. One or two have rented for a year but then flown back to the nest when they realised what a huge chunk of their salary was disappearing in rent. Hers, however, is the affliction of born, bred and, crucially, over-privileged Londoners. Actually, this city of incomers has the lowest rate of 20 to year-olds at home with their folks 22 per cent.
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Of course, they could have languished in the provinces. Greater living space and cheaper driving means our country cousins can avoid more easily their flesh and blood.
Which must explain why Ulster has the highest proportion of stay-at-homes 36 per cent. On the other hand, my nieces and nephew who emigrated from Norwich have a drive and determination that I have to admit is lacking in my own children.see url
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And having said all that, my refusal to treat my children as tenants has actually paid off. Her brother, who shares the same tight-fisted gene, was happy to stump up for the other two-thirds as it meant a better flat than he could afford on his own. Provided they are not still living together when they are 50, it is not the slightest bit creepy.
When they decide to sell, however, my daughter will be effectively knocked off the housing ladder — for which she has a plan in place. Boomerangst: where should our kids live? And this could go on forever..