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I currently live in a one bedroom apartment for $450/month, and I make enough money that I can put aside a good amount of money left over in savings every month even after I pay for rent, cable, and utilities. I can move into a one bedroom for as low as $350/month. There is another apartment ($399/month) where I can park in the parking garage (for an additional $35/month). As all of you already know, I rented apartments for 11 years and spent around $75,000 in rent over the years, because I made the mistake of renting $600/month apartments for the first 9 1/2 years I rented apartments in my current city. I started renting my current apartment in January 2013, because it was significantly cheaper. I almost bought a house, but the home inspection showed problems in the house including structural foundation issues, valve problems in the water heater, and termites. Needless to say, I walked away from that house. At this point, I realized that if I ever buy a decent quality house in this day and age, that I should buy a house that is worth at least $100,000. I don't know how long my full-time job will be around, so I am hesitant to take out a 15 year or 30 year mortgage on a $100,000 house. What do all of you think I should do? Should I move back home to my parents' house or should I move into a cheaper apartment? Should I live with a roommate? Should I buy a house? Please help me. I have been distraught over this issue for weeks. I have been overwhelmed with concern. Thank you in advance for your advice and help in this matter.
By all means, move back in with your parents, they will love to have you. While you are there, go back to school, learn a skill or trade and get a good job. Then you won't have to worry. Don't forget to pay your parents back once you become successful.
By all means, move back in with your parents, they will love to have you. While you are there, go back to school, learn a skill or trade and get a good job. Then you won't have to worry. Don't forget to pay your parents back once you become successful.
By all means, move back in with your parents, they will love to have you. While you are there, go back to school, learn a skill or trade and get a good job. Then you won't have to worry. Don't forget to pay your parents back once you become successful.
Have you ever moved back home after living somewhere else on your own? If so, what were your experiences like?
Stay where you are. Go to school nights to upgrade your education/and/or learn new job skills. If your job disappears you can then think about getting a room mate or in the very worst case, going back to your parents.
Do not buy a house if you have concerns about staying employed.
Sometimes life is difficult and our choices don't always produce the results we wish it would, but, that's life. When one removes the extraneous 'padding' from your post, it says, "I've been on my own for the past 11-12 years. Should I now expect my parents to start paying for my room, board and expenses again ... or should I grow-up and take responsibility for my own life?"
Whether you pay $350, $399, $450 or $600 in rent and/or buy a $100K house - are simply choices to be determined by your income, expenses and desires. (However, there is a BIG difference between buying a $100K house ... or moving back home with your parents!) My impression is that if you are distraught about paying $450 or even $600 versus $399 or $350 for an apartment, you need to do a 'reality check' before even imagining that you are ready to buy a $100K house.
Since you believe you could simply 'move back with your parents', can you optionally, at least ask them for advice about what you should do ... or do you know someone else who has a little common sense and might be willing to help you take an objective look at your situation?
Sometimes life is difficult and our choices don't always produce the results we wish it would, but, that's life. When one removes the extraneous 'padding' from your post, it says, "I've been on my own for the past 11-12 years. Should I now expect my parents to start paying for my room, board and expenses again ... or should I grow-up and take responsibility for my own life?"
Whether you pay $350, $399, $450 or $600 in rent and/or buy a $100K house - are simply choices to be determined by your income, expenses and desires. (However, there is a BIG difference between buying a $100K house ... or moving back home with your parents!) My impression is that if you are distraught about paying $450 or even $600 versus $399 or $350 for an apartment, you need to do a 'reality check' before even imagining that you are ready to buy a $100K house.
Since you believe you could simply 'move back with your parents', can you optionally, at least ask them for advice about what you should do ... or do you know someone else who has a little common sense and might be willing to help you take an objective look at your situation?
I have talked to friends, and I have asked for advice on websites, including this one. Most people told me to buy a house. I am not distraught over just how much I paid for rent. Mostly I am distraught about how much I have spent renting apartments over the next 11 years, and what I should do now after renting apartments for so long.
Have you ever moved back home after living somewhere else on your own? If so, what were your experiences like?
I did. I moved back in with my parents for about six months in my 20s after having been on my own. I hated it. Nothing against them, it's just that you still have that parent/child relationship even though you are an adult. Once you are on your own, it's really, really hard to go back and live with your parents.
I think you have really cheap rent. You say you are able to save a good amount, so why not continue to do that?
If I were you, I wouldn't want to move back with my parents and I also wouldn't want a roommate.
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