We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
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.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Still living at home
Options
turtleneck
Posts: 102 Forumite
I have moved out a couple of times (shared/lodged) but find myself in the family home aged 36. I pay no rent as they wont take any because i loaned /gifted them a large amount 10 years ago. I now have 110k in the bank plus 73k loaned to a couple of friends. I have over 4k coming in each month (salary and loans coming back) and not a lot going out (maybe 500 a month).
A decent flat to live in costs 200-250k round here. Should i stay and keep saving and look to buy outright or is it urgent i find my own place sooner?
A decent flat to live in costs 200-250k round here. Should i stay and keep saving and look to buy outright or is it urgent i find my own place sooner?
0
Comments
-
depends on your priorities and personal preference. Do your future partners mind your still living at home for example?
no shame in saving money or buying a house with a mortgage"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
£183k is enough to buy a place of your own mortgage free in many parts of the country - even if its only a starter house.
I admit to wondering just why you are still living with parents.
Then - when one adds in:
1. That's not going to go down well with prospective partners - whichever sex you are.
2. If you stick around much longer you could find yourself becoming a de facto carer without having made a conscious decision to be one - ie if one/both of your parents become seriously ill at some point. Not a good position to "accidentally fall" into that and it's much more likely if you are still living there.
If you're a woman - then put reason 2. with bells on/capital letters/etc - even though its the 21st century. Many people dont seem to be aware of the date on the calendar/that they arent supposed to treat women worse than men. That's the theory - but (as a woman) I'm starting to get the feeling I'm probably getting more "meaningful would-be pressurising comments" than the other adult child my elderly parents have is (who happens to be a man:cool::cool::cool:).
Men do end up falling into being carers too - but I have the feeling that it's a lot more frequent for that to happen to women (despite it being the 21st century now).0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards