moving out VS saving

[deletedandgone]

I am currently in grad school, but hanging around this one girl got me thinking of moving out of my folk's basement. Problem: grad schools pay very little, renting would be considered wasting money, and I have an outstanding loan from undergrad. Here are my options:
1) Live it up a little, waste money on rent.
2) Suck it up, forget about the girl, concentrate on studying, get a job, get a mortgage on some place with a rent-buddy to pay off the mortgage faster.
3) Live in parent's basement, save money, do investments, maybe a bit of online trading, make some cash, then buy a place when possible, don't get a mortgage.

Right now I'm rolling with option 3, but also keeping this girl around, which involves getting touchy in public places - not a lot of privacy on campus. She does not have her own place too, so it's kinda awkward knowing someone might walk in on us.

Any ideas? I'm more concerned about making enough money for my own place in the future - girls come and go.

[JacktheThriller]

save ur money the real girls will come when u are successful and debt free, find a nice girl who will cook and suck and raise ur kids

[IronRobi]

Do you really wanna be 30yrs old and living with mommy though? Meet this great girl, want to spend the night, have to sneak her down into your basement or explain to her to quiet down because your parents are sleeping.... I'd say option 2!

[waderow]

2

1 is dumb and 3 is far fetched

[MMASTAR]

how old are you??

[natenator]

save ur money the real girls will come when u are successful and debt free, find a nice girl who will cook and suck and raise ur kids
how old are you?

[deletedandgone]

how old are you??
24, why? Those are legitimate questions.
Kinda considering 2 right now. Even if I forget this girl, she'll always be around. She's literally glued to me, so no point thinking about her.

[MMASTAR]

your 24, leave your parents alone and move out...

[theboss]

#2

as waderow said...#1 is stupid...and #3 is VERY far fetched.
i would say most people have mortgages...its part of life and becoming independant.

[Spyder122]

I took the option 1 route at 21. I sorta had no choice though. I lived in the country and got a job in the city. 2.5 hours of travelling was just not worth it for me, considering I had worked some 12 hour days here and there. I had rented an apartment with a buddy, split everything down the middle. It was 4 years of wasted money yes, but it was a really good time. It was nice not having to worry about sneaking girls over and trying not to wake up the parents.

[fatmatt]

If you're still in school, I would say stay at home and save some money. Right now it seems like a big deal, but in 5-10 years you will thank yourself. (Even if you are 24)

[ab_chic25]

I am currently in grad school, but hanging around this one girl got me thinking of moving out of my folk's basement. Problem: grad schools pay very little, renting would be considered wasting money, and I have an outstanding loan from undergrad. Here are my options:
1) Live it up a little, waste money on rent.
2) Suck it up, forget about the girl, concentrate on studying, get a job, get a mortgage on some place with a rent-buddy to pay off the mortgage faster.
3) Live in parent's basement, save money, do investments, maybe a bit of online trading, make some cash, then buy a place when possible, don't get a mortgage.

Right now I'm rolling with option 3, but also keeping this girl around, which involves getting touchy in public places - not a lot of privacy on campus. She does not have her own place too, so it's kinda awkward knowing someone might walk in on us.

Any ideas? I'm more concerned about making enough money for my own place in the future - girls come and go.


I say from living my life......Save some money and try to get a place cheap with a buddy or two. I wish I would have saved some before moving out cause now the bills keep on coming.:(

[Shaun]

With they way the market is right now i would see the MAX you can afford to buy. Take that, cut it in half and rent with that amount. Then take the other half and invest. You will make more in proper investments than with buying a house.

Look for rent vs own calculators and see for yourself. Once you are hitched, have dual income, and can really afford a decent house then buy.

Its better to buy one home forever, than have to upgrade because of an expanding family. When you buy what you need it becomes more about paying the mortgage for a place to live instead of investing. Making money would then just be a bonus.

This is coming from a single guy with a starter home that baught to late in the market. I over payed and wont see a stitch of proffit for many years to come.

The only positive i can think of with buying now is the rates are soooo low. But i cant see them raising more than a 1.5% in the next 5 years.

[deletedandgone]

With they way the market is right now i would see the MAX you can afford to buy. Take that, cut it in half and rent with that amount. Then take the other half and invest. You will make more in proper investments than with buying a house.

Look for rent vs own calculators and see for yourself. Once you are hitched, have dual income, and can really afford a decent house then buy.

Its better to buy one home forever, than have to upgrade because of an expanding family. When you buy what you need it becomes more about paying the mortgage for a place to live instead of investing. Making money would then just be a bonus.

This is coming from a single guy with a starter home that baught to late in the market. I over payed and wont see a stitch of proffit for many years to come.

The only positive i can think of with buying now is the rates are soooo low. But i cant see them raising more than a 1.5% in the next 5 years.

Could you recommend a few places that I can start looking at to invest? Are you talking about stuff like GIC and mutual funds, or more along the lines of mortgage? Right now I know that mortgage returns could be as high as 18%, but GIC doesn't even cover inflation. What are some investment options that I have?