I've been at my current job for over a year now and it's got solid pay ~$60k/yr. I've still been bumming it at my parents with the goal moving out by buying my own place - likely with a friend who'd pay me rent.
However, with the housing market as it is with 8% interest rates and low supply it seems I'm stuck kicking back with my parents again.
At the same time, I feel like I'm stunting my development as I'd held off any serious relationships until I have my own place.
Renting doesn't seem ideal unless my parents kick me out (unlikely, we all get along and I pull my weight) as I just see it as lighting money on fire I could be saving for an actual house.
ATM I'm thinking of bitting the bullet for inflated interest rates as I'm in a good place financially (I have zero debt) but it does make me concerned that the “you will own nothing” seems less and less like a conspiracy theory for the Zoomer generation.
Is this r-slurred? What is the best move here?
Jump in the discussion.
No email address required.
Wait one year and save up another increment of a down payment and see where the market goes.
However, while owning a house builds equity, you're going to own it for more of a long term situation. You're going to need to consider WHERE you buy it in relation to distance to work. Not just your work, but also where a future relationship would work. If you're planning to have kids, high school ratings will immediately remove 1/2 to 3/4 of houses where you're looking.
Plus, foids love the idea of picking out a house together, but that's more of a marriage situation. If yorue going to be a bachelor who owns his own place and has an eventual gf move in, I didn't go in that route so I don't have the best advice in that direction.
Jump in the discussion.
No email address required.
Im very comfortable about staying with the area I'm in and have no qualms with building a future family here.
The location I was looking in has OK schools but the primo schools are far away at all and would be a very doable move with a future Mrs lain.
Work wise, I'm a remote IT cel but I can optimize for legacy work very easily too. It would take a significant pay raise for me to ditch remote entirely though.
Jump in the discussion.
No email address required.
Kick butt. You don't need a primo private school or whatever, you just need one that doesnt have a record of violence. I avoided an area that had a school that had 40 expulsions in a single year due to violent kids. Then again that's the fricking ghetto and I wouldn't live there for other reasons as well. Those school ratings tend to help define safer areas in general.
Jump in the discussion.
No email address required.
Yeah, it's more of a “how big is the schools pool” question in the area so perfectly safe.
Thanks for helping me organize my thoughts more!
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
More options
Context