Chief
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Visual Storyteller
10k huh. STAY HOME!!!!!!!
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Bumbling baboon ✌🏼️
Worth moving to NYC? Or better living in NJ?
Chief
Visual Storyteller
10k huh. STAY HOME!!!!!!!
Bumbling baboon ✌🏼️
Worth moving to NYC? Or better living in NJ?
Enthusiast
I don’t think it really matters. If you don’t mindliving with your parents and they don’t mind having you around, then why not? Eventually you will feel the need to move out!
Chief
Yeah, that need to move out is slowly starting creep up on me😅
Enthusiast
OP, now might be a good time to buy due to the changing macroeconomic conditions. Interest rates are only going to increase; seems they may hit double digits by early next year. You can put a reasonable down payment and still have some savings. You can start with a smaller home and eventually upgrade or rent that one out. I recommend considering this option
Chief
Our 42 year old still lives at home. No job. No prospects. Hasn’t earned or saved a penny. And is still mooching off my wife and I.
Rising Star
Where do I find pawrents like you? 🥹🥹🥹
Conversation Starter
I'm 24 too. I started this year making 3K and moving out was a non-starter. Then I got a job making 80K and started building up my savings for 6 months. Now I got a job in New York for 130K and I'm moving in two weeks.
Chief
Congrats! You must be so excited haha I’m 1.5 hrs from NY
Enthusiast
My fiance's brother still lives at home, he's about 26 and has saved up over 300k. I say stay as long as your parents let you and/or it doesn't interfere with your ability to get laid.
Chief
Sheeeesh 300k???😯 and they don’t mind me staying. And I can travel, leave as I please etc. I don’t invite anyone over tho. I get laid at other places lmaoo
When you can’t get laid.
Chief
Haha never been a problem for me💅🏽
Chief
Hmm. Probably when you become CEO? Or do you think that's too soon as well? Maybe when you become executive chairman of the board then. They probably make nice money
How old are you?
Save more money and buy a house. Pay off any outstanding debts you have such as car loans, etc. Go in completely debt free (not assuming you have any debt). Then when you decide to settle down you'll have more disposable income and the home will be in your name and your name only so no one can take you for it.
Enthusiast
This is a cultural thing. North American I mean. It’s really up to you taking into account the factors others have mentioned (independence, living close to where you work, etc). In other cultures many single people are living in multi-generational homes. Maybe they live with their parents until they get married, maybe their parents move in with them. In many other places it is not financially feasible to live on your own without dual income or family support, unless you are quite wealthy independently. For reference I am a single F and I live alone in a LCOL city. It’s hard enough financially especially now. But if I was still working in the city my parents live in, I would not be spending the money to rent my own place. And I would have way more in the bank.
Bingo. I’m the child of immigrants. No shame in living at home and no one is angling to kick me out, either. I’m in a HCOL city and save $30k+/year. Why the hell would I leave?
Don’t. Stay as long as you feel welcome by your parents. Don’t let society pressure you into getting your own place prematurely. However, do purchase a home and rent it out. Begin building equity for a rainy day as we never quite know what the future holds.
Chief
Yeah this is exactly what I was thinking. Getting into RE.
Conversation Starter
When you hit 50
Chief
I’ll be able to save 1.7689327 billion dollars 🤑
Pro
I think 24 is the latest someone should live with parents (or one year after starting work if we’re assuming 4year+grad school, whichever is later)
Chief
Yeah I’m already thinking about where I wanna move to tbh. Kinda wanna leave the country tho💀
When you retire at 35
Chief
Lmao imagine
Visual Storyteller
When you have saved a ton of money.
Chief
I am OP lmao
When you have enough for a home. I’m 27 and still live at home because I’m poor. Trying to save up more money to afford a home though
Lol technically I do too if I want to live in a box 😂 i’d at least want some savings before I put all of paychecks all towards the mortgage
Rising Star
Now, right now!🫢🫢
Rising Star
JK
I did this until I was 25, saved almost 200k. Totally worth it since it was mainly COVID, and the first year everything around me was on lockdown so I didn’t miss out on much.
Just moved out recently and life is good. Big head start over my peers in terms of savings
Chief
Sheeeesh, 200k? That’s a huge head start haha did you buy a house or move into an apartment?
If you can put up with it do it for as long as possible lived with family during the pandemic but it hurt my mental health tremendously
Chief
My family doesn’t bother me much at all haha my mom and I are very close😅 she gives great advice
Chief
Next year🧐
Chief
😈🧐
Pro
My entire 20s I lived in POS studio apartment. I recommend you do the same :)
I totally get during Covid social isolation moving back to the parents.
Now - I’d say have fun in your twenties
Pro
For whatever this is worth If someone was like you have to go relive one part of your life - in my mid twenties living in my 300 square foot apartment.
Rising Star
Move out before you’re 30? I know there isn’t a right or wrong but this sounds like a good age!