- Nov 28, 2001
- 22,205
- 44
- 91
I think most here already know my story. Currently living at home with parents @ 28, have about 1/2 a degree in university that I have not used, been working retail jobs for about 5 years, suffered off and on from major issues with depression / anxiety / social phobia etc etc etc.. At any rate one thing that I need to do sooner or later is move out of the house into my own place. The question is when I should do this. It's a little more complicated than it sounds at first. I definitely want to go back to university or college to get a degree or something like it (possibly in math, physics, comp sci, or some combination of those). Doing so will of course require money. Living on my own will also of course require an income.
Now I have saved up over the years a "nest egg", if you want to call it that, of about $60k. [I'm probably not as good a saver as that makes it sound as I've spend probably 25K+ over the years on tech toys computers home theatre stuff and goo ga's I just don't have a car or any other expenses] I've been thinking that I could use this as a down-payment on an apartment (something in the low 100K range) and carry a small mortgage. My mother has also offered to help me with the down-payment. Only thing is that this money could also go towards completely paying for my degree and more which would leave me debt free when leaving university/college (+some money left over). If I used the money for my degree though I would most likely be looking at staying at home again. A 3rd option would be to use the money for a degree + on campus accommodation aka dorms. One issue I have with both of the later ideas though is that while paying for a degree is certainly a form of "investment" it isn't a direct investment in the way that buying the apartment would be and doing that would at least give me a certain sense of security.
A 4th option would be to buy an apartment and rent it out as a form of investment.
And of course there is the option to just rent an apartment.
Overlying all these issues are the issues I've had life long with depression / anxiety. Many of these issue may stand to improve a lot simply by moving out on my own. However there is also the possibility of them getting worse and then things would be compounded by the fact that right now I don't have any expenses to speak of (which make weathering such difficulties easier) and at that point I definitely would.
I'm certainly not going to make my decision based on what ATOT has to say but I'd like to see what your input here is.Yes I'm certain to get flamed in the ass for this as well but that's life.
Edit: I guess one other reason I would like to move out is that I need to get a GF at some point! Sounds stupid but I really have never had a GF and at 28 that's starting to weigh on me and it starts to get more difficult if you live with your parents at this age.
Sorry no cliffs.
Now I have saved up over the years a "nest egg", if you want to call it that, of about $60k. [I'm probably not as good a saver as that makes it sound as I've spend probably 25K+ over the years on tech toys computers home theatre stuff and goo ga's I just don't have a car or any other expenses] I've been thinking that I could use this as a down-payment on an apartment (something in the low 100K range) and carry a small mortgage. My mother has also offered to help me with the down-payment. Only thing is that this money could also go towards completely paying for my degree and more which would leave me debt free when leaving university/college (+some money left over). If I used the money for my degree though I would most likely be looking at staying at home again. A 3rd option would be to use the money for a degree + on campus accommodation aka dorms. One issue I have with both of the later ideas though is that while paying for a degree is certainly a form of "investment" it isn't a direct investment in the way that buying the apartment would be and doing that would at least give me a certain sense of security.
A 4th option would be to buy an apartment and rent it out as a form of investment.
And of course there is the option to just rent an apartment.
Overlying all these issues are the issues I've had life long with depression / anxiety. Many of these issue may stand to improve a lot simply by moving out on my own. However there is also the possibility of them getting worse and then things would be compounded by the fact that right now I don't have any expenses to speak of (which make weathering such difficulties easier) and at that point I definitely would.
I'm certainly not going to make my decision based on what ATOT has to say but I'd like to see what your input here is.Yes I'm certain to get flamed in the ass for this as well but that's life.
Edit: I guess one other reason I would like to move out is that I need to get a GF at some point! Sounds stupid but I really have never had a GF and at 28 that's starting to weigh on me and it starts to get more difficult if you live with your parents at this age.
Sorry no cliffs.
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