One Fifth of Kids Expect to Own Their Dream Home by 25

Remember when you were young and adults asked you what you wanted to be?  Perhaps your answer was a fireman, or maybe an astronaut.  I don’t actually remember anybody asking me when I thought I would own my dream home, or even knowing what my dream home was!  Had I been asked, I probably would have wanted some kind of Barbie’s caravan and Millennium Falcon fusion home!

It seems that many children across the UK have a very optimistic view of when they will become homeowners.  The research carried out by Clydesdale and Yorkshire, found that 19% of children questions believed they would own their dream home by the age of 25.

The research also revealed that 68% of children of primary school age expected to own their dream home by the age of 35 even though 33% thought their dream home would cost them between £500,000 and £1m.  Hey, it’s good to have ambition!

It seems that children in Yorkshire have the brightest outlook with 38% aspiring to own their dream home by the time they turn 25 and 83% by the age of 35.

Steve Reid, retail director for Clydesdale Bank, said: “As any parent knows, children can be very ambitious and it is always refreshing to hear about their hopes and dreams, however optimistic they may be.

“With 59% of kids hoping for a swimming pool and 25% wanting their own private theme park within the grounds, it is unsurprising that over a third of children think that their dream home will set them back in excess of £500,000.”

The study also revealed how 71% of children believe they will earn anything up to £100 a week in their first paid job and 22% thinking they will only earn £10 a week which would mean it would take them over 100 years to save up a deposit for that dream home costing £500,000!