Kováts Bence: The Financialisation of Housing and Housing-related Family Support in Hungary
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3. The global rise of parental support in housing: trends and determinants
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3.2. Co-residence of young adults and their parents
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3.2.2. Hotel Mum: the alternative to financialised home ownership and renting

3.2.2. Hotel Mum: the alternative to financialised home ownership and renting

Jegyzet elhelyezéséhez, kérjük, lépj be.!

At the same time as the housing affordability crisis deepened, increase of co-residence was observed in countries where it had been long ago considered to have been on the decrease as a result of the second demographic transition. Some authors point out that the acceptance of intergenerational co-residence is flexible and adapt to changing structural conditions of independent living. Results of Easthope et al.’s (2017) qualitative research shows that in the liberal Australian welfare regime intergenerational co-residence is increasingly accepted by parents in response to the growing unaffordability of housing. Economic circumstances can also improve the acceptance of forms of intergenerational co-residence that were formerly not the norm. Takagi and Silverstein (2006) describe that in Japan, besides traditional stem-family co-residence, the formerly rather unaccepted practice of living with unmarried children is becoming more and more accepted as a result of socio-economic changes affecting Japanese society.

Jegyzet elhelyezéséhez, kérjük, lépj be.!

The UK-based study of Burgess and Muir (2020, pp. 28–29) seems to empirically underpin the relative flexibility in the acceptance of intergenerational co-residence. They found that between 2009 and 2014, the number of two-generation households increased by 44%. While the increase came to a halt between 2011 and 2013, it surged again after 2013 (ibid.).

Jegyzet elhelyezéséhez, kérjük, lépj be.!

Of course, despite looming affordability problems, norms regarding intergenerational co-residence do not change overnight. Wong (2019), and Arundel and Ronald (2016, p. 896) draw attention to the fact that although advanced commodification induces a longer stay of young adults in the parental home, due to its lower cultural acceptance, children are often incited by their parents to leave through e.g. asking a rent for their stay at home (Wong, 2019). Arundel and Ronald (2016, p. 896) see the low acceptance of intergenerational co-residence as the primary cause of the high level of young adults in shared housing in the liberal UK.

Jegyzet elhelyezéséhez, kérjük, lépj be.!

An intriguing question is whether change in intergenerational co-residence differs among countries and if so, what are the causes of such differences. A study by Lennartz, Arundel and Ronald (2016, p. 828), examining changes in intergenerational co-residence among 18-34 old people in the 14 old member states of the EU between 2007 and 2012 found that co-residence rose in the period in all countries studied. However, in the pace of increase no clear trend towards cross-European convergence can be identified. Further, recent rise in intergenerational co-residence highly varies within welfare regime clusters and the pace of change does not seem to be significantly affected by welfare regime. Labour market conditions and the affordability of renting seem to affect the extent of changes more significantly (Lennartz, Arundel and Ronald, 2016).
 
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