Originally posted by: darkxshade
Well I'll be 25 this year and still living with my mom, only difference is that in a year or 2, she'll be retiring and moving to china with dad and transferring the rent to my name. And we're currently living in a rent controlled government apt building in manhattan NY paying a lowly $600/month rent(2 bedrooms, free electricity, free water). I rather be a loser for another 2 years than to give up such a deal.
Originally posted by: miri
Originally posted by: darkxshade
Well I'll be 25 this year and still living with my mom, only difference is that in a year or 2, she'll be retiring and moving to china with dad and transferring the rent to my name. And we're currently living in a rent controlled government apt building in manhattan NY paying a lowly $600/month rent(2 bedrooms, free electricity, free water). I rather be a loser for another 2 years than to give up such a deal.
wow, that apartment would go for 3k easy in manhattan and thats without the free electricty and water, how did you manage to get that apartment for so cheap??
Originally posted by: mugs
Originally posted by: miri
Originally posted by: darkxshade
Well I'll be 25 this year and still living with my mom, only difference is that in a year or 2, she'll be retiring and moving to china with dad and transferring the rent to my name. And we're currently living in a rent controlled government apt building in manhattan NY paying a lowly $600/month rent(2 bedrooms, free electricity, free water). I rather be a loser for another 2 years than to give up such a deal.
wow, that apartment would go for 3k easy in manhattan and thats without the free electricty and water, how did you manage to get that apartment for so cheap??
Bolded for you.
Originally posted by: miri
Originally posted by: mugs
Originally posted by: miri
Originally posted by: darkxshade
Well I'll be 25 this year and still living with my mom, only difference is that in a year or 2, she'll be retiring and moving to china with dad and transferring the rent to my name. And we're currently living in a rent controlled government apt building in manhattan NY paying a lowly $600/month rent(2 bedrooms, free electricity, free water). I rather be a loser for another 2 years than to give up such a deal.
wow, that apartment would go for 3k easy in manhattan and thats without the free electricty and water, how did you manage to get that apartment for so cheap??
Bolded for you.
nice, how do you get into a rent controlled apartment?
Originally posted by: miri
Originally posted by: darkxshade
Well I'll be 25 this year and still living with my mom, only difference is that in a year or 2, she'll be retiring and moving to china with dad and transferring the rent to my name. And we're currently living in a rent controlled government apt building in manhattan NY paying a lowly $600/month rent(2 bedrooms, free electricity, free water). I rather be a loser for another 2 years than to give up such a deal.
wow, that apartment would go for 3k easy in manhattan and thats without the free electricty and water, how did you manage to get that apartment for so cheap??
Originally posted by: GregGreen
Originally posted by: Injury
At this age, he's in the right crowd for marraige to be in the near future... so he should either look into a house that can support a small family, or find a very cheap temporary solution.Originally posted by: spidey07
you are 25, you should not be living with your parents no matter what.
time to grow up.
women like dudes who don't live with their moms ftw
Originally posted by: RaistlinZ
Thanks to all who have posted so far. I'm thinking now that I need to suppliment my income while I look for a higher paying job. I work from 7:30am to 7:00 pm M-F and 8:30am-1:00pm on Saturdays at my primary job (I work in the rental car business) so I'll probably need something I can do on the weekends.
And I guess that when I do move out I will probably share a house with someone looking for a roommate. I searched the newspaper today for things in my area and most renters are asking for about $500/mo from a potential roommate, which isn't too bad.
For those that are curious, here's how my finances break down every month:
$2,400 earnings before taxes
-240 (10% to my 401(k))
-250 (rent I pay to my folks every month)
-260 (taxes)
-250 (car payment)
-120 (car insurance)
-200 (montly student loan payments)
-100 (Variable Univeral Life insurance policy)
-100 (gas for my car)
-40 (cell phone bill)
-25 (credit card bill montly)
-30 (DSL bill)
-150 (food)
-20 (haircuts)
-60 (entertainment)
-30 (clothes/dry-cleaning)
---------------------------------------
= $525.00 leftover (assuming nothing unexpected comes up that I have to pay for)
I'm thinkng of cutting down on my entertainment a bit, and possibly cancelling the VUL insurance policy. That alone would put back about $150 back into my wallet each month.
Originally posted by: RaistlinZ
I need ATOT's help.
I'm a 25yr old guy making about $30,000/yr. I've been living with my folks for the past year but I really feel like it's time to get my own place.
The problem is that here in Souther California new homes are WAY out of my price range ($400,000+). The other problem is that rental units are also very expensive now, about $900/mo. for a single residence. Condos are also high priced in this area, and they just don't look like a good long-term investment for me. I've also considered sharing a duplex or something to pay a smaller rent, but I really want to have a place to call my own.
Does anyone know of any programs that could help people in my situation get a new somewhat decent new home? (I've never owned a home before, my credit is mediocre, I still have about $21,000 in total loans loans to pay off). It seem like I'm stuck between a rock and a hard place right now and I just don't know what I should do.
What I really want to do eventually is get some investment properties for myself and rent them out, but it seems like a long ways away at this point.
Cliffs:
1. 25 yrs old, $30,000/yr, living with my parents
2. Too expensive to buy a home, too expensive to rent an apartment
3. My credit is meh, I have $21,000 in loans to pay off
4. What should I do?
Originally posted by: Mday
renting a space about half the size of my room now would probably cost roughly half of my take-home pay a month. isnt is sad. a quarter of it already goes toward student loans.
200-300 for food a month. more if i "eat out" at a restaurant. no time to cook for myself so I cant bring lunch =
i'm already an hour away from work.