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| Should I live at my parents' house for a year to save money? |
| Yes |
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69% |
[ 32 ] |
| No |
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30% |
[ 14 ] |
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| Total Votes : 46 |
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| Author |
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| Lord Percy |
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 Lord Percy World Chat Champion

Joined: 03 Aug 2012 Karma :  
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 Posted: 13:07 - 11 Sep 2016 Post subject: 28 years old living with parents |
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Do I do it?
Doing this student thing I'm in a constant state of impermanence. I've lived somewhere different each year for the past 4 or 5 years now. When I graduate (next year, or possibly two years if I do the masters they're offering) I don't intend to unnecessarily stick around so a 'proper home' has never been a thing on my mind.
The other day I went to see an excellent house nearish campus which is up for rent and is far more of the 'real' home variety. I absolutely want to live there. Just need to wait for the guy to get back to me - he's seeing others first and taking his time picking the right tenant. He very genuinely said I was a likely choice, but nothing is confirmed yet.
If this falls through I know I won't so easily come across such a gem and will no doubt end up instead in another 5 or 6 person student/"young professional" dive like last year. I don't mind things going that way, but I can't say it excites me.
Talking about this with family yesterday, it was suggested that I could live at my parents' house for free (this would be a first - I paid them rent since I was 17 but my dad's finally doing alright for himself so seems more willing to let money issues slide). I'd chip in on bits and bats and I think my dad will use me for various DIY efforts that need sorting, but the main point is I wouldn't be paying rent, or if I do it'd be small.
Positives:
Save £4000 or so.
Therefore can fix motorbike (currently catastrophic rusty-frame-induced MOT fail) or buy a new one.
Financial worries eliminated.
Possible improved social life as I know a fair few more people in the area.
Mum happy about seeing more of her son.
Negatives:
Long commute - 1 hour each way on motorbike, 2 hours or more by bus.
Winter will not be great.
I will cease to exist in the eyes of the ladies.
Thoughts? Experiences?
The major swing-factor for me is the huge reduction in expenses. The opposing swing-factor is the massive commute time.
Poll added for general consensus-taking.
Thanks  |
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| Azoth |
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 Azoth Brolly Dolly

Joined: 07 Jul 2016 Karma :  
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 Posted: 13:20 - 11 Sep 2016 Post subject: |
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Young professional? LOL they have ways of making even a bedsit sound good these days. My first 'real' job after university had the work 'executive', pointlessly, in the job title. Used to get me lots of marketing offers...
Anyway, the only real win in the housing game is owning your own home, having paid off your mortgage. Renting is a losing situation, even if you're renting a mansion, because that money is just totally lost through living, with nothing gained at the end of it. So, think about that. That house may be perfect, and your friends will be so impressed, but it won't be yours.
Paying off a mortgage can be a 'win' situation. But from my understanding, you're studying a science subject and may live in China. So, any money you can keep for yourself will be for your own good. Living in a bedsit as a grown man doesn't sound good, and neither does living with your parents. But having a spare £4K to spend on bikes does sound good.
Nobody seems to believe me, but the 3-beer feeling is about as good as it gets. Any more than that and it gets dangerous or expensive. Any less than that and life is unsatisfying. That's why I like motorbikes more than swimming in the ocean. The ocean has more exhilaration but the risk is much less controlled.. ____________________ Safety in numbers |
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| Lord Percy |
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 Lord Percy World Chat Champion

Joined: 03 Aug 2012 Karma :  
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| Pete. |
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 Pete. Super Spammer

Joined: 22 Aug 2006 Karma :     
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 Posted: 13:46 - 11 Sep 2016 Post subject: |
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Do it, why not? My step-daughter is 38 and lives here at home, with her husband and their daughter. We have the room and we all get along fine. ____________________ a.k.a 'Geri'
132.9mph off and walked away. Gear is good, gear is good, gear is very very good  |
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| Ste |
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 Ste Not Work Safe

Joined: 01 Sep 2002 Karma :    
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 Posted: 13:47 - 11 Sep 2016 Post subject: |
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If you were a likely choice, wouldn't he have just said yes there and then?  |
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| arry |
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 arry Super Spammer
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| Lord Percy |
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 Lord Percy World Chat Champion

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| Lord Percy |
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 Lord Percy World Chat Champion

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| Derivative |
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 Derivative World Chat Champion
Joined: 03 Aug 2010 Karma :   
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 Posted: 14:19 - 11 Sep 2016 Post subject: |
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I'd give it a go and move closer later on if you feel it necessary.
I moved 1.5 hours away from work to save money and rent a bigger flat, thinking I was invincible and that it was only a year. Big mistake, since it eventually meant leaving the job - renting two places would have been possible, but pretty farcical, I'd be working for ~zero income.
The advantage you'll have is that you're not tied in to a contract with your parents so if you decide the commute is a nightmare then you can rectify that easily.
That said, I've never considered flat shares, Frau Derivative shares the rent. And the 'genuinely might possibly become a tenant' thing I've always rectified by offering some sort of sweetener if I actually wanted to live somewhere - 30 quid extra a month or moving in earlier or whatever, which I'd then make up by working the time I've saved not looking for other places. It's easy to think of business transactions as being some sort of 'standardised process', but you are still dealing with actual human beings and negotiation does work, the more direct the better.
WRT 'adult living at home' status; fear not, your prole rating increases if you spend all of your income on rent forever. 'Financial worries' is non-specific. Are we talking about 'savings are going down' or actual stress when you swipe the card?
Commuting to university might feel different to a job, though. It might be easier or harder. Not much help there I'm afraid, we had ivory tower digs 2 minutes walk from everything.
I'd live with the folks if they weren't 3.5 hours from actual employment.
edit: A bit unrelated, but "Young professional" is code for "underpaid lackey". You're either a professional or you're not. 20K + wearing a suit does not fool anyone, not even you.
edit 2: month, not week. 30 a week extra would be pretty steep.
Last edited by Derivative on 14:37 - 11 Sep 2016; edited 4 times in total |
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| techsnap |
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 techsnap Borekit Bruiser
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| Lord Percy |
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 Lord Percy World Chat Champion

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 M.C Super Spammer
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 Ben90 Brolly Dolly

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 Hetzer Super Spammer

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 ScaredyCat World Chat Champion

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| Saraya |
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 Saraya Spanner Monkey
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 c_dug Super Spammer

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| Lord Percy |
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 Lord Percy World Chat Champion

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| Lord Percy |
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 Lord Percy World Chat Champion

Joined: 03 Aug 2012 Karma :  
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 Posted: 22:24 - 11 Sep 2016 Post subject: |
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The living with parents option is looking very likely so far.
Thanks
I'm interested to know what the current 3 'no' votes in the poll have to say on the matter. |
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| Itchy |
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 Itchy Super Spammer

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| andyscooter |
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 andyscooter World Chat Champion

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| Polarbear |
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 Polarbear Super Spammer

Joined: 24 Feb 2007 Karma :  
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 Posted: 22:30 - 11 Sep 2016 Post subject: |
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A lot depends on how well you get on with your folks. My daughter is 24, still lives at home and has her boyfriend round most evenings. We get on fine, but she knows full well it's my house, I do what I want, she doesn't.
So if you can live with any restrictions you parents have, fine. If you start upsetting them it could get awful chilly quickly.
We aren't all like Saraya.  ____________________ Triumph Trophy Launch Edition |
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| Derivative |
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 Derivative World Chat Champion
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 arry Super Spammer
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Old Thread Alert!
The last post was made 9 years, 298 days ago. Instead of replying here, would creating a new thread be more useful? |
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