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Money Moral Dilemma: My parents want us to buy, my partner's say we should rent, what should we do?
MSE_Kelvin
Posts: 418 MSE Staff
This week's MoneySaver who wants advice asks...
Me and my partner are living with her parents but want to move out. My parents want us to buy, and have said they'll contribute, but hers say we should rent - possibly so we'll move out sooner. Whatever we do we'll upset one set of parents, so whose advice should we follow?
Unfortunately the MSE team can't always answer money moral dilemma questions as contributions are often emailed in or suggested in person. They are intended to be enjoyed as a point of debate and discussed at face value.
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Comments
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Nowhere near enough information given for considered advice. You will need to investigate the pros and cons of each option and make a decision based on them.2
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You and partner decide, the parents don't get a say15
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Why would either set of parents get upset. Merely their opinion. Or are there material facts missings from the post made?4
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Ignore both sets of parents and do what you want to do.
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Do what makes you happy1
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Move in with your parents; hers will be happily rid of you and yours'll probably increase the bribe (sorry, Bank of M&D offer) to be shot of you asap too!8
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Have you ever lived together just the two of you, not with any parents?
If not then rent.5 -
It seems that it's better to wait a little and buy a new house, rather then pay for a rent till forever0
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Not necessarily. Like the previous poster said - if a couple haven't lived together on their own before they should rent first before deciding to make that big financial commitment together. Maybe save up for a deposit whilst still living with the parents. Buying is a big commitment and expensive too.Hovard said:It seems that it's better to wait a little and buy a new house, rather then pay for a rent till forever
Also screw the parents! They shouldn't get a say whether to rent or buy1
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