want to get out of parents

tiger135

Well I have decided to wait before buying I'm going to keep 200k set aside ( earning 500 interest a month) for the purpose of buying when the time.is right , It could be a year or 2 before anything I want comes up.
In the mean time my options have reduced to:
1. Staying at parents beyond 42 (10 weeks time) which I find unacceptable to my own mind.
2. Lodging with friend or work colleague , cheap option but still living with other people say £500 a month all inc
3. Private rental furnished  one bedroom £900-1200 a month plus bills , only saving grace is I know it won't be long term
4. Air BnB £1500-2000 a.month all inc if I can find a suitable one 
For options 2-4 I know I will have to try and justify it to my mother who seems to think that any form of renting is making someone else rich. 
It's like the only acceptable way , to them, for me to leave is to be buying somewhere. 
Any more ideas welcome , all the motivation helps for sure. 

Brie

housing association partial purchase deal?  You know where you buy 50% of the value and pay rent for the other 50%.  You mom might be happier with that.  

Room share but week days only near work?  Home to parents on weekends?

Sorry if these have been mentioned before - I haven't read the whole thread.  

KxMx

Remember as an adult you don't have to justify anything to your parents.
Nod and smile as they express their views, let it go in one ear and out the other then do what you feel is best. 

tiger135

Thank you, just enquired about a flat for £1150 a month bear in mind I earn £410-500 take home a week and they tell me it's had too many enquiries and they are not doing any more viewings 

elsien

tiger135 said:

Well I have decided to wait before buying I'm going to keep 200k set aside ( earning 500 interest a month) for the purpose of buying when the time.is right , It could be a year or 2 before anything I want comes up.
In the mean time my options have reduced to:
1. Staying at parents beyond 42 (10 weeks time) which I find unacceptable to my own mind.
2. Lodging with friend or work colleague , cheap option but still living with other people say £500 a month all inc
3. Private rental furnished  one bedroom £900-1200 a month plus bills , only saving grace is I know it won't be long term
4. Air BnB £1500-2000 a.month all inc if I can find a suitable one 
For options 2-4 I know I will have to try and justify it to my mother who seems to think that any form of renting is making someone else rich. 
It's like the only acceptable way , to them, for me to leave is to be buying somewhere. 
Any more ideas welcome , all the motivation helps for sure. 

You really don’t have to justify anything. “Mum, I’m 42, it’s time I had my own place. It would be nice if you could be happy for me.”  

That’s it. 

tiger135

Thank you for that, I will do just that. My worry is now actually not being able to find anywhere, after my experience of nicer flats in the area going so quickly. It's like I have no advantage having money in the bank.

Sarah1Mitty2

tiger135 said:

Thank you for that, I will do just that. My worry is now actually not being able to find anywhere, after my experience of nicer flats in the area going so quickly. It's like I have no advantage having money in the bank.

Well your advantage is that you have the money in the bank IMO, COTE on the news just now said there will basically be a recession and higher interest rates if that is what it takes to beat inflation, you definitely did the right thing pressing pause on buying, you will have your pick of flats to rent/buy soon in my opinion.

Sunsaru

Sarah1Mitty2 said:

tiger135 said:

Thank you for that, I will do just that. My worry is now actually not being able to find anywhere, after my experience of nicer flats in the area going so quickly. It's like I have no advantage having money in the bank.

Well your advantage is that you have the money in the bank IMO, COTE on the news just now said there will basically be a recession and higher interest rates if that is what it takes to beat inflation, you definitely did the right thing pressing pause on buying, you will have your pick of flats to rent/buy soon in my opinion.

Not quite but hey.

"Chancellor Jeremy Hunt has backed interest-rate hikes being used to calm soaring inflation even if they increase the risk of the UK entering a recession."

https://www.independent.co.uk/business/jeremy-hunt-interest-rate-hike-recession-b2346286.html

Sarah1Mitty2

Sunsaru said:

Sarah1Mitty2 said:

tiger135 said:

Thank you for that, I will do just that. My worry is now actually not being able to find anywhere, after my experience of nicer flats in the area going so quickly. It's like I have no advantage having money in the bank.

Well your advantage is that you have the money in the bank IMO, COTE on the news just now said there will basically be a recession and higher interest rates if that is what it takes to beat inflation, you definitely did the right thing pressing pause on buying, you will have your pick of flats to rent/buy soon in my opinion.

Not quite but hey.

"Chancellor Jeremy Hunt has backed interest-rate hikes being used to calm soaring inflation even if they increase the risk of the UK entering a recession."

https://www.independent.co.uk/business/jeremy-hunt-interest-rate-hike-recession-b2346286.html

You missed the end of the quote, "if that is what it takes" is equivalent to "even if", and as we already have higher rates he can`t be wrong there either?

tiger135

Yeah glad I haven't been pressured into buying as I feel prices won't go up for for foreseeable future. 
I guess I have to decide my own mind;
Can I live with other people, do I want to? That looks the easiest alternative to parents and cheapest but means sharing / being in someone else's house 
Or do I really want my own entire space at any cost - on the basis I will buy in 1-2 years ?