I'm curious what age you guys moved out at. I've heard stories good and bad in this recession, I mean the economic downtown (lol), with young adults moving out. I'm 22 and have been debating it this year, I don't mind living at home (parents only drive me nuts sometimes) but at the same time it would be nice to get a house of my own. So what do you guys think? Worth it to move out now and get that nice first time home buyer tax break, or wait it out at home for say two more years, bank some more money and then get out?
Thanks,
Jared
What age did you move out at?
I think the best option would be to wait a bit longer and save as much money as you can, as from the experience of my two brothers you'll have little chance to save once you have moved out. I am 19 and will be moving out to attend uni in the next month (don't know if it counts as moving out.)
I moved out on my own after college, so I would've been 22 (I'm 31 now). I lived with 3 roommates, which was a compromise to allow me to save some money and still have fun. Later, though, I lost my job and had to move in with my parents for 6 months while I was looking for a new job.
A lot of my friends lived at home for a couple of years when they got their first job, which allowed them to save a boatload of money. If I had that option, I totally would've done that. However, my parents moved away when I was in college.
"I think the best option would be to wait a bit longer and save as much money as you can, as from the experience of my two brothers you'll have little chance to save once you have moved out. I am 19 and will be moving out to attend uni in the next month (don't know if it counts as moving out.) "
Yeah, this is some great advice. I moved out at 18 (22 now) and it was such a pain in the ass to get back on track and actually start saving money instead of just blowing through it. Statistically more people are waiting to move out for just this reason alone. Moving out worked out pretty nicely except for the bumpy start with saving money though. All I can recomend is that if you go for an apartment, make sure its rent to own. Getting that annual reciept showing rent paid through the year and knowing its moeny I would never see again is a slap in the face.
If you have a stable income, can afford to move out, and you want to move out, then I say move out. I'm 24 and finally moved out this past spring. I came back home after college and it took me almost 2 years of planning, selling the vast majority of my gaming collection, and saving to be able to afford my own place. It's nice to finally have my own home, and the first time home buyers check from Obama is an even nicer little reimbursement for the cost. It's a big help in getting set up in the new home. They do take their time getting it to you though.
Don't purchase a home just because you can get that $8000 first time buyer rebate though. Also, don't buy a home if you feel you aren't ready. I say this because being a home owner is HUGE responsibility and your whole world will change when you become one. Also, it is not nearly as easy to save money once you become a home owner, and you won't ever be able to save as much money as you are now.
However, like I said at the beginning, if you have a stable income, can afford it, and want it, then go for it. :-)
Im 20 and im still at home. Times are hard at the moment, i can only make ends meet as it is and that isnt with the added money drainers, like mortgages, bills etc.
I moved out at 22. I'd say that's probably a pretty good age for most people. It gives you some time to save up/go to school. I wouldn't recommend staying home any longer than 22, because you don't want to start to get too reliant on that situation. If you wait too long, it's gonna be even harder to make that transition to being self sufficient. Do it while you're still young, and not set in your ways.
Also, I just bought my first home last year. I definitely think it's worth it to do it, but not for your first place. Rent first, buy later. Buying a house is overwhelming, but I can't imagine what it would be like if you had never been out on your own. Also, there's a lot more costs involved in living on your own than you might expect. Renting helps you prepare for that. You have to start thinking about utilities, phone bills, food, insurance, etc. If you're buying a house, you also have to think about all that stuff, a mortgage, property taxes (which are fucking expensive), and still have money left over each month for any repairs you might need to do to the house. One of the biggest things I missed about renting when we bought our house was not being able to call a landlord/apartment management to fix something that broke.
Nothing like getting out on your own though.
i moved out when i was 17 to go to college but i came back two years later and have yet to leave. Having my 23rd b-day this sept and i don't see me moving any time soon. Unless i win the lotto. Even though i wish i could, as i hate the people i have to live with here. But when ya got to no money and your to ugly and hairy to work the corner in a dress the only other alternative is the streets, and i don't hate these people that much. Yet.
I moved out when I was 18, but stayed at my parents at various times for a few months when I needed to. There's no shame in living with your folks, especially if they're good people, you have your own social life, and you've got a long-term goal or ambition.
Moved out at 19, now 21 and still dealing with the court case resulting from the tenency, lost a lot of friends from it as well, and my landlord has essentially turned me racist. He's the absolute stereotype, fits it and conforms to it in every way, and is a complete and utter bastard, unfortunately not the first experience i've had with similar people of a similar origin. So yeah, thanks to him I will now be wary of dealing with any people from his part of the world, maybe it's racist, maybe I have a good reason for thinking in such a way, who can say.
Moved out when I was 18. Been on my own since then. Huge money drain living on your own but if you can afford it then go for it. Theres nothing better than having your freedom.
19 but that was 20 years ago when things were less expensive. I believe if you are ready to handle the shitload of responsibilities that living on your own encapsulates, then it is a worthwhile experience. But, know that it is expensive at first and will likely grow more expensive as time progresses. This will mean that you'll have to make choices and some freedoms you enjoyed will need to be discarded. Most of the time, this means disposable income and secure knowledge that you've got a place to live and all the bills are paid. If you are okay with living at home for now to ease the initial shock of independence later, then that might work better for you. Like much in life, it's a trade off.
" Moved out at 19, now 21 and still dealing with the court case resulting from the tenency, lost a lot of friends from it as well, and my landlord has essentially turned me racist. He's the absolute stereotype, fits it and conforms to it in every way, and is a complete and utter bastard, unfortunately not the first experience i've had with similar people of a similar origin. So yeah, thanks to him I will now be wary of dealing with any people from his part of the world, maybe it's racist, maybe I have a good reason for thinking in such a way, who can say. "Da BNP is lookin gud 4 u? (kidding)
I'm 17, starting my senior year, no intention of moving out until next year hopefully.
" @The_A_Drain said:" Moved out at 19, now 21 and still dealing with the court case resulting from the tenency, lost a lot of friends from it as well, and my landlord has essentially turned me racist. He's the absolute stereotype, fits it and conforms to it in every way, and is a complete and utter bastard, unfortunately not the first experience i've had with similar people of a similar origin. So yeah, thanks to him I will now be wary of dealing with any people from his part of the world, maybe it's racist, maybe I have a good reason for thinking in such a way, who can say. "Da BNP is lookin gud 4 u? (kidding) I'm 17, starting my senior year, no intention of moving out until next year hopefully. "
Haha, i'm not quite ready to sign up to the BNP, but I won't be signing any private tenency contracts ever again, no matter the guys colour or creed.
18. As soon as I turn 18, my parents will celebrate my birthday, give a few days, then kick me out. At least, that's what they theorize. ;)
well i moved into a dorm for college but still live at home in the off time. I won't move out all the way until I graduate.
" I'm 24 and livin' at home. SIIIIGHHH. I'm trying to get a better paying job so I can save up and get a decent apartment. "If it makes you feel any better I am about to turn 26 and I still live at home. So you are not the sadest bastard on this thread just yet.
Moved out at 17, ended up dancing with hard drugs, eating a pack of noodles once or twice a week due to spending all my money on drugs. Decided to escape the life I was living before I killed myself and have been living with my folks again for the last few months or so. Will be back out again in a few months, just gettin a little money together. No drugs this time!
" When I was 19... Then again when I was 22.... Then another time when I was 25.... Im 27 now.... I hope the next time is the last. "sounds exactly like my brother age for age. But I'm 18 and still at home and don't see myself moving out anytime soon since I only have a little over a hundred dollars in my bank account thanks to me having to pay for my college this semester 100% and not being able to find a job even though I've been searching everywhere I could since I was sixteen...I guess that's what you get when you live in a town with 40,000 college students alone.
Well i am moving to Canada next year alone. going to live with some friends of my mother ( which i have never meet)
going to be strange... i am 17
I moved out at age 20, (24 now). I moved into an apartment with a friend and we stayed there for a year, moved out a year later and now have been renting out a basement apartment for the past 3 years now. We somehow manage to still be broke :|.
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