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I moved out when I was 21 and haven't looked back. I think it kind of makes you mature a little more. (not to say that those that choose to still live at home are immature)
"The hottest places in hell are reserved for those who in times of great moral crisis maintain their neutrality."
"When fascism comes to America, it will be wrapped in a flag, carrying a cross" - Sinclair Lewis
Well certainly moving out in an earlier age makes you mature faster than your sit at home counter parts. There is a term for these Young adults living in with their parents to save money from rent and mortgages. I forgot what it called.
Anyways there are many reasons for these young adults to sit it at home.
One of the main reasons as I have stated above is the rent and mortgage of property Australia wide.
The properties which are located around facilities such as shopping complexes, public transports, libraries, universities and etc tend to be more expensive especially rent.
It will at least cost a person around $190AU - $220AU dollars per week to have a decent room around these facilities. The estimated prices I have stated are in the suburbs which is around 20 - 30 minutes drive from Sydney Center.
The price can vary according to the room size and the maintenance of the property. And it's really insane to live in areas at least 2 - 7 km from Sydney Central.
Rent pricing can go up to more than $320 - $ 500 a week. Anything less than that would be shared rooms or small single rooms that are badly maintained.
The highest pricing a rent can go would be $1500 a week. These usually would be modern luxury apartments in Sydney CBD.
Bearing this in mind they would tell themselves why should they waste their hard earned money paying $720 - $ 880 dollars a month and more while they can save that money by staying at home with their parents and spend it on a little leisure and entertainment such as going out to movies, pubs/clubs or eating out with friends.
Makes sense?
I think so with food pricing, products as well as oil going up I don't see why would they choose not to leave home.
However there is pros and cons about these young people staying at home.
But this matter would be discussed later.
Maturity can be developed in other ways other than moving out and living on your own. I think moving out when you already have a roof over your head is not wise financially as the savings can be invested somewhere else, rather than help someone else pay off their mortgage, it can even be put away to buy a place in the future and rent out to others who think moving out and living on their own is a great way of maturing! Another option is to join the Reserve Army. The tough training and discipline you get in there is sure to make you a man real quick!
It's the same phenomenon in Canada and the US. Basically, no money, no talk about moving out.
As the world's resources dwindle and living space becomes a scarcity it'll only get worse. Only the rich will be able to afford this notion of "independence" at such a young age. Or, you can inherit your parents' house at a later age.