Living with parents at 25... Smart or stupid?

[the_m@n]

Let me just start off by saying that I am 25 years old and I still live with my parents. I moved out to live with a woman (spent a lot of money too, stupidly) for a while but the relationship didn't work out and I have been back home for 2 years.

I have a strong desire to live on my own, however I don't see the point in renting something in my area if I can buy a house instead. For an extra couple hundred a month I can own my own house and invest rather than waste my money paying for rent.

I've been looking for a house and it has been very difficult to find anything in my price range at the moment so I keep saving as much as I can.

Am I not being a man by living with my parents at 25? I desperately want a place of my own however I feel like renting will ultimately put me further away from my goals of home ownership.

I would like to think I am being smart with my money and investing but I can't help but feel that women perceive me as weak for not being on my own yet.

Any thoughts would be appreciated.

 

[Willis]

ok yea that was dumb to move in with a chick....smh..
I sorta feel where your coming from..im 22 and i moved back in with my parents around april last year...i moved out a couple of times and some things didnt go right and i came back home....but im moving back to NY by this summer so im good...

just because you moved back in with your parents doesnt mean our less of a man, and trust me i know the feeling..but sometimes you gotta do what you gotta do...if you wanna move out bad enough you will...

and FVCK how women percieve you..they dont know sh!t about your situation or whats going on in your life unless you share tell them..
but it all depends on WHAT U WANT..AND WHATS IMPORTANT TO YOU

 

[Tiguere]

In your case smart. Its saturday why are you on the internet? I cant wait til its time to clock out so i can begin my weekend. By the way i also live at home and that hasnt tainted my game with girls. Yea my game is not near where i wanted it to be but living at home shouldnt matter ....however if you are the kind that needs to impress girls then you have a problem.

 

[GrenadeGloves]

Why are you questioning your manhood? You have a goal set and you're doing everything in your power to attain that goal. If that means living with the parents for a little longer than so be it.

The thing is.. This is the best time in the last decade to buy a house. Go for it and get that house. Though you might have to live with your parents for a little while it will all pay off. All those *men* that are renting an apartment will still be renting while you're building equity... And trust me, if you're thinking you're less of a man due to the perceptions of women; owning your own place is much more attractive than living in a sh*tty apartment complex where you can't find parking and can't f*ck too loud cuz the lady downstairs is old and goes to bed at 6pm...

Do what you gotta do, and make it happen. Questioning your manhood over something like this might just be your real problem.

In the words of the great Tyler Durden, "You are not the house you own.. You are not the car you drive.. You are not the clothes you wear.."

You're a man if accept that you're a man and start actually believing it

 

[kingsam]

In your case smart. Its saturday why are you on the internet? I cant wait til its time to clock out so i can begin my weekend. By the way i also live at home and that hasnt tainted my game with girls. Yea my game is not near where i wanted it to be but living at home shouldnt matter ....however if you are the kind that needs to impress girls then you have a problem.

whats your reason for living at home still ?

 

[Warrior74]

I've been on my own since 19, paying rent and trying to survive. Trust me, if I could have somewhere to live and save money for a home, I would have a home by now. I wasted a lot of money just on survivial. Do what is right for you, life is long, if you suffer now you can play later.

Worried about girls? Consider it a test of your game. If you let them see that it bothers you, or you have a less than positive attitude about it, you will fail.

One of my buddies is near 40 and lives with his sister. He spins it as the fact that she's a single mom and he's there to help her and to be a strong male role model for his newphew. What woman can down him for that?

Another buddy lives with his aged parents, he spins it as the fact that he is taking care of his father who has had a triple bypass and his mother who is very ill. Who can fault him for that?

It's not about what you have or where you live, it's about WHO YOU ARE. The type of man you are. What type of man are you?

Read this.

http://www.rooshv.com/turning-lifestyle-weakness-into-strength

 

[sodbuster]

DON't BUY a house as an investment-look at all the other dumbazzes losing theirs for the same reason. It's a PLACE to LIVE. positives:it's yours,do what you want unless it annoys the neighbors;not as noisy as an apartnemt. Negatives: check out how much of the payment is INTEREST[the banks return on investment], maintenance,yardwork,shoveling snow,furnace and airconditioning repairs,roof repairs,property taxes etc.

Not sure if the housing market is done dropping or not,but looking for a "greater fool" to buy it from you may or may not make you money. Over 20 years, you will spend the price of the house again on carpet,paint,furniture and other maintenance.IF you have kids? probably have to bite the bullet,otherwise do some math first-don't believe what "society" tells you

 

[cordoncordon]

Let me just start off by saying that I am 25 years old and I still live with my parents. I moved out to live with a woman (spent a lot of money too, stupidly) for a while but the relationship didn't work out and I have been back home for 2 years.

I have a strong desire to live on my own, however I don't see the point in renting something in my area if I can buy a house instead. For an extra couple hundred a month I can own my own house and invest rather than waste my money paying for rent.

I've been looking for a house and it has been very difficult to find anything in my price range at the moment so I keep saving as much as I can.

Am I not being a man by living with my parents at 25? I desperately want a place of my own however I feel like renting will ultimately put me further away from my goals of home ownership.

I would like to think I am being smart with my money and investing but I can't help but feel that women perceive me as weak for not being on my own yet.

Any thoughts would be appreciated.

Using housing as an "investment" is the biggest scam going right now perpatrated by the US govt, and the banks, to keep the economy going, mainly because we dont produce **** right now. For something to be an investment, usually it has to be rare or scarce (houses are neither-there is a huge oversupply right now) something that people hold as value (not a house-its just a bunch of wood, concrete and metal thrown together) and that is something that 40 years from now will be more rare and coveted by people (they are not).

The US housing market is like I said, a scam perpatrated by the US govt, along with the banker money elite, to keep the dream alive. Just like the diamond ring scam, we have grown up hearing about how important it is to get that 3 bedroom house with the white picket fence. Meanwhile, there is a HUGE over supply of housing right now, tons of people are underwater in their mortgages, and people are losing jobs, which means more foreclosures.

Plus, dont forget when you buy a house, you pay taxes, closing costs, yearly property taxes, upkeep and repair, and you pay opp costs as the time spent fixing and maintaining the house is time spent when you could be doing something else. You will pay 2-3x on your investment than you would paying rent at an apt. Plus, I dont know if you have noticed, but those that bought a house as an "investment" the past 5 years are underwater. IF you want an investment, buy gold, or silver, or antique cars, or even coveted real estate like lake or ocean front property. But to think buying a house is an "investment".....those days are long gone imo.

Im not saying there is anything THAT wrong with buying, but in your case, you would be SO much better off renting.

 

[Mr.Positive]

Im not saying there is anything THAT wrong with buying, but in your case, you would be SO much better off renting.

Agreed. As a previous home owner, who was young and single. It is satisfying owning, but it really does take away from your freedom. It's hard to pick up and move for new job opportunities, or even travel. You find on the weekends, you are doing housework, yardwork, etc. instead of going out with your buddies and having fun.

If I were you, I'd get a couple of buddies and rent a place together. The cost is less, you'll have a lot of fun, and it's great with the ladies too. Enjoy being young and free. Save your money for other investments. By a house if/when you are ready to settle down in one area for long while. You shouldn't be ready for that for a long time, imo.

 

[Tiguere]

whats your reason for living at home still ?

Parents going overseas to retire and leaving me with the apattment in a few months

 

[REPEM]

the best thing at 25 would be to get a place with a couple buddies.

you can split house duties and have your entourage in your own house.

 

[backbreaker]

A house can be an investment if done right.. not the way the real estate guru's try to treat it.

the bottom line is that houses appreciate with value... if anything they really don't lose value. Buying a house is never really a bad thing. you can have ****ty credit and if you have positive equity in you can still do alot of things.

A house only becomes a smart thing, when you are not paying a ****load of interest, and you have some positive equity in your house or are planning to pay it off soon.

buying House with a sub-prime mortgage paying it off in 30 years is worse than renting. you rent investing in **** but the CEO of the bank that gave you the loan's new jet.

A couple of rules of thumbs, really only 1, try to save up 10% of your house mortgage and use it as a down payment of a house. Same with a car. If you want a 50k car and you can't drop 5k, you don't need a 50k car.

If you want a 300k house and you can't at least come up with 20k, than you really don't need the house or it's too much house for you. And no saving tht type of money is not hard if you know how to save money and dont' live like a damn fool. might take a year or two but it's doable.

Either that or get a 10 year mortgage. get the mothrfvker paid off now. Yes you will not be living like everyone in is in your tax bracket for a few years but in 10 years your **** is paid off and you now have all this disposable income and a title to your crib.

As much as my dad and I don't get along, he taught me this and he was spot on. He now owns, and when I say owns I mean, I have the title in the bedroom owns, a 200k house. he worked 2 jobs for 12 years to pay that house off. Now he has an extra 1500 a month in disposable income and a title to the house and he's not 50 years old yet. And that house today is worth every bit of 400k, with all th work he put into it, it's a VERY nice house.

 

[the_m@n]

First of all... I'm glad nobody here sees living with my parents as a problem with the ladies. It appears as though I need to re-evaluate my thought process.

I don't agree that home ownership is not a good investment. I am looking solely at two-family homes in college towns. I will rent by the room and use that money to pay my mortgage and my taxes. I can then live in the other unit comfortably. If I decide to move somewhere else I can still keep the home and rent out the whole thing.

 

[Kailex]

Everything backbreaker says made perfect sense.
I work with mortgages half my time and I've seen it happen too many times with single men who decide to buy houses in their early 20's.

See, the problem is that most of them want to buy a house because in their mind, it means they are coming up financially and that they are well set.

Trust me, I've had a few say exactly that.

But what happens once you find that "special someone" and then you get married. Does she move into your house? Do you move somewhere else?

Now, I can see that you already thought ahead by saying that you would get a two family home in a college town and renting it out. That's a good choice for "dropping" out of the place in the future and just using it as an additional income.


Now, about it affecting your game with the ladies.
At your age, I rarely see women anymore complain about men still living with their parents. Times have changed and people in mid 20's are mostly coming out of college and embarking on new job situations.

Now if you were 35 and saying that you've lived with your parents all your life because you love that your mom makes you those sandwiches you love so much and that your laundry always smells spring fresh... that's a whole other story.

 

[Tesl]

I think as far as girls are concerned, it would be way better living on your own than living with your parents. Not just because it looks better and shows you can take care of yourself, but because having the option to take a girl back to your pad (and have lots of parties) is valuable in itself.

But obviously it costs more $$$.

Its a trade-off and you have to choose which is more important to you. There is no right or wrong answer I think. You can get a great girl whilst still living with your parents and you can fail to find one at all whilst living on your own, too.

 

[JD83]

I'm 26 and I have lived on my own for over six years. I understand that your goal is to buy a house but I agree with many others here that such may not be a good investment.

As for the girls' perspective, it depends on the girl and her values. My brother is 25 and lives with my parents. He drives a Navigator though since he can afford it-- not paying rent. Many of the girls only care about his ride so he has no trouble getting girls to sleep with.

I, on the other hand, live on my own. Many girls find it attractive that I'm independent and have my own stuff, especially smarter girls. Its also easier to smash. You can invite girls over for a movie and then move in for the kill. Living with roommates is not a good idea if you like to have complete privacy.

I think getting an efficiency apartment would be a good idea for you. You will have your independence and they are not too expensive. Hope it helps!

J.M. D

 

[sodbuster]

As long as the rents cover the nut,go ahead and DO it. That means taxes,mortgage,lawncare,etc.It then makes financial sense. Don't do it if the rents[both sides]won't cover the payments. Where are you going to build your career? Is it going to involve a move? How will you feel having a house in another state that someone else has to manage?What will it cost to have someone else manage it? Unless you are going to be there for a long time,you need to answer these questions.

 

[FireOnTheMountain]

It doesn't look good if you want to impress girls...however, you can save a lot of money that way. I know people who graduated college the same semester as me who got a good paying job afterward but still lived with their parents. You can save hundreds of dollars a month doing it.

 

[Furyguy]

All great posts here, so I'll just add that renting an apartment can be cheap as **** if you find the right place. Where I live, 300-400 a month will set you up nicely.

The downside is that you're not going to find that without at least a room mate or two. If you are looking for some people to room with short term, take a stroll around any nearby college campus, there will be posters up everywhere from people advertising they are looking for room mates for 3 months, 6 months, whatever. You are 25 which is still grad student age, so it should be no problem for you.