> Guarantor works a lot better for a young person starting out in a cheap-ass room in a shared place, whose parents expect this. For a flat and an older adult with retired parents on a low pension, or their own housing costs, not so much.
Absolutely. When my mother-in-law divorced and moved into a rented house, I was her guarantor.
I did have parents in 2003, but they lived 3000 miles away in a greek village where there was an ISDN line a 20 minute ride down the mountain, so not too practical. But this artcile is about 18-29 year olds moving in with their parents, not 50 year olds.
> 18-29 year olds moving in with their parents, not 50 year olds.
It applies in that age range as well.
A 29 year old moving in with their 64 year old parent(s) who are themselves poor and renting while on the edge of official retirement age, is going to find their parents probably rejected as guarantors.
Absolutely. When my mother-in-law divorced and moved into a rented house, I was her guarantor.
I did have parents in 2003, but they lived 3000 miles away in a greek village where there was an ISDN line a 20 minute ride down the mountain, so not too practical. But this artcile is about 18-29 year olds moving in with their parents, not 50 year olds.