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Living at home question.

I just started my dream career, and have finally started making the real money after working my way through part time positions to pay off the college semesters as they came. My goal, since my parents are looking to move out of the state upon reaching their financial stability, is to buy the house off of them outright when the time comes. I figured to skip the middle-man of moving into an apartment, only to house hunt again anyways.

The primary reason I couldnt move out earlier was due to college payments, and not having enough income to support that, and no roommates to board with. I started college in 2011, and finished in 2014, but just got my job in November. Problem is that I have a strict probation period until September in which I can be fired at will, no questions asked. Couple that with my plan to buy the house.....it just seems like moving out right now would be a bad risk.

Here is the kicker....I am 26 years old......and my recent ex just told me I need to "grow up" because of this aspect. Now I am starting to wonder if my plan to buy the house is a pipe-dream and childish thinking. It's the job market, in my opinion, as none of my friends have yet to move out of their folks places either for the same reasons, and more and more I hear about delayed departure from the nest....but all of a sudden, with how risky my new job is, my plans almost coming together after all this time.....I dont know why I am feeling ashamed at this...?? Like I am some "big kid" and a joke to the world for still being at home at my age.....

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Since writing this post Anonymous may have helped people, but has not within the last four (4) days.
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time, job, buy, house, move
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ProffVampy
last online: 05/07, 19:08
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When are your parents looking to move? If theyre planning such a big relocation chances are thatll take them a fair amount of time to organise and do. Stick at the job, often there is a probation period which is frustrating but it means the people that pass it are more likely to stick around.

If you parents arent planning on moving until after your probation is over i would say bide your time and save and save. That way no matter the outcome youll be secure.

And theres nothing wrong with still being at home at 26, i know people much older that havent meant to move out. And people like myself who moved out at 18. It all depends on the person, circumstances, money etc. Never feel shame for moving at your lifes own pace!

Electric
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last online: 01/25, 20:20
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Stick to your guns.
The fact you were working to pay for college needs no explanation and the fact your ex did nothing for you is proof that you're sailing your own ship.
Once you become established in your field, things will become more stable for you and that is the time you should act. I encourage anyone who wants to own their own home to do so.
The difference between making a house payment and paying rent isn't much different - and often times, making a house payment is cheaper. Rent is a good way to throw your money away.
I think there's two things you should look at; don't just consider buying your parents house because it's convienant - look to buy a home that you can pay off before you get old - that's the trick.
No one owns anything until it's paid off. Secondly, think of what it would be like to live in a home that is paid off.
If you think the money you make now is good, give yourself ten years - it'll get better. Now imagine THAT income while living debt free in a house that you've paid for.
So, consider what you can manage for both the short term and long term. It may be convienant to buy your parents house but it may also be significantly more expensive. Consider something cheaper and owner financed. Shave the years of debt if you can - try not to add to them.
Good luck.

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Max
last online: 07/27, 11:05
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I couldn't agree more. Ex's are just that, Ex.

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Max
last online: 07/27, 11:05
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Do you know what's worst then an Ex. An Ex with a plan for you.

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Nix
last online: 11/28, 9:31
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I have no advice, only to let you know that I'll be 30 this year and feel the same. I would wait until the job is in the bag before buying the house, plus it will give you time to save money for it. The ex is irrelevant now, make yourself happy.

Helpcomanimatedyetiwithdot256
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last online: 06/22, 14:37
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http://joealcohol.com/wp-content/uploads/2014/0...

If you've the capital to acquire the house and aren't buried 6 figures under in debt, I'd say you're doing pretty damn well.

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[quote]Test.[/quote]

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PepperJ
last online: 04/30, 3:52
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Big-Al-One wrote:
Stick to your guns.
The fact you were working to pay for college needs no explanation and the fact your ex did nothing for you is proof that you're sailing your own ship.

^^^ Agree.

And, I HOPE my kids live at home AT LEAST through college.

We told them that if they live at home through college, we will support them. They may need to get loans, grants, scholarships....but will never have to buy food, cook a meal, go to a laundromat, or buy toilet paper living in our house.

Once graduated, they can live at home with one stipulation:100% of their primary job paycheck goes in the bank. They can work a second, PT job for spending money...totally doable in your 20's.

As for how "the world" looks at millenials living at home... who gives a crap? I worked and put myself through college, paid rent and had a car. You CAN'T DO THAT ANYMORE. College costs are astronomical, housing costs are through the roof, and wages are pretty stagnant. People understand that, if they look past their own noses long enough and study the economical trends.
Young people today HAVE to live at home to save up a ton of money to be ABLE to move out

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Max
last online: 07/27, 11:05
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Peer pressure from a world they don't control. I agree, but you can leave at home and still be independent.

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