We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
time to move out of parents?
turtleneck
Posts: 102 Forumite
Hi all
I am 33 now and still living at parents, but now my flat I own is empty and thinking of moving back in. I am welcome to stay where I am and it saves a lot of money so I could re-let my flat if I wanted.
I am just wondering what the general view is now as I know it's a situation more and more people are in with high prices and people staying longer at the parents to save.
A little more info I have paid over half the mortgage off with the help of tenants so I can afford the mortgage with one weeks salary.
Is it time to be totally independent or should I take advantage of the offer to stay another year or two and bring the mortgage down further?
Thanks
I am 33 now and still living at parents, but now my flat I own is empty and thinking of moving back in. I am welcome to stay where I am and it saves a lot of money so I could re-let my flat if I wanted.
I am just wondering what the general view is now as I know it's a situation more and more people are in with high prices and people staying longer at the parents to save.
A little more info I have paid over half the mortgage off with the help of tenants so I can afford the mortgage with one weeks salary.
Is it time to be totally independent or should I take advantage of the offer to stay another year or two and bring the mortgage down further?
Thanks
0
Comments
-
I think it depends on what you want to do more than what other people think. If you are happy at home.., stay and pay more of the mortgage off.
If you'd like more freedom or whatever, no money can buy that.., go back to your flat. It sounds like you'd still be able to reduce the mortgage. Perhaps you could refurbish the flat so when it sells, it makes more money (but you'd have to do it carefully and with an eye on most bang for buck in terms of increasing selling value).0 -
turtleneck wrote: »Hi all
I am 33 now and still living at parents, but now my flat I own is empty and thinking of moving back in. I am welcome to stay where I am and it saves a lot of money so I could re-let my flat if I wanted.
I am just wondering what the general view is now as I know it's a situation more and more people are in with high prices and people staying longer at the parents to save.
A little more info I have paid over half the mortgage off with the help of tenants so I can afford the mortgage with one weeks salary.
Is it time to be totally independent or should I take advantage of the offer to stay another year or two and bring the mortgage down further?
Thanks
So here we are again,same topic, nothing appears to have changed. Have you extended the lease on your property yet?0 -
I think it depends on what you want to do more than what other people think. If you are happy at home.., stay and pay more of the mortgage off.
If you'd like more freedom or whatever, no money can buy that.., go back to your flat. It sounds like you'd still be able to reduce the mortgage. Perhaps you could refurbish the flat so when it sells, it makes more money (but you'd have to do it carefully and with an eye on most bang for buck in terms of increasing selling value).0 -
This is like Groundhog Day.
OP, what do YOU want to do? This has to be the 5th or 6th time you've asked exactly the same thing. I've never seen procrastination like this before. You need a rocket up your backside.
Do you want to be 35 years old and still living at home?
What do you want to do with the flat? Continue letting it? Sell it? Live in it?0 -
Get up, get on with it and get yourself a life.
Living with your parents at your age is just weird to be honest.make the most of it, we are only here for the weekend.
and we will never, ever return.0 -
Never mind what the OP wants. Perhaps their poor parents would like their house to themselves, and hope that next time the boomerang won't come back.All shall be well, and all shall be well, and all manner of things shall be well.
Pedant alert - it's could have, not could of.0 -
Oh god. Ha ha.0
-
Neither
Sell the flat and buy somewhere you DO want to live -and increase your investmentI Would Rather Climb A Mountain Than Crawl Into A Hole
MSE Florida wedding .....no problem0 -
I think the real question is, what on earth is stopping you from WANTING to live independently?? You are 33, an adult by anyone's standards, why are you still living with your parents? You clearly don't need to, you are just basically sponging off them to save yourself some money. Sorry if it sounds harsh, but I just don't get this mindset.
You can easily afford to pay your mortgage with plenty left over to live on comfortably and even save or pay extra from your mortgage. Most people don't have the luxury of making their parents subsidise their lifestyle. You are referring to people who live at home for longer in order to afford a place of their own... this generally relates to people who don't already own their own home!!Savings target: £25000/£25000
:beer: :T
0 -
how many beds has your flat has? If you don't mind sharing you could rent the spare room out."It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards