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28 years old living with parents

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

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Lord Percy
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PostPosted: 13:07 - 11 Sep 2016    Post subject: 28 years old living with parents Reply with quote

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.

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Azoth
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PostPosted: 13:20 - 11 Sep 2016    Post subject: Reply with quote

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..
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Lord Percy
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PostPosted: 13:44 - 11 Sep 2016    Post subject: Reply with quote

Bhang wrote:
That house may be perfect, and your friends will be so impressed, but it won't be yours.


Oh it isn't a house for bragging, it's for convenience. Same rent price as the 'young professional' / student places but not a dive, has actual home qualities, has a fenced yard at the back for dumping the motorbike and is within walking distance of campus, just about.

Your points are well-received however, and I take this is a nudge toward the 'stay at parents house' option.

Thanks.
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Pete.
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PostPosted: 13:46 - 11 Sep 2016    Post subject: Reply with quote

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.
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Ste
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PostPosted: 13:47 - 11 Sep 2016    Post subject: Reply with quote

If you were a likely choice, wouldn't he have just said yes there and then? Confused
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arry
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PostPosted: 14:04 - 11 Sep 2016    Post subject: Reply with quote

Pete. wrote:
Do it, why not?


Agree; then be nice to parents, check contents of will, go away for a long weekend, disable carbon monoxide alarm and craftily sabotage boiler = profit.
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Lord Percy
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PostPosted: 14:15 - 11 Sep 2016    Post subject: Reply with quote

Ste wrote:
If you were a likely choice, wouldn't he have just said yes there and then? Confused


Well that would be jumping into things too quickly on his part I think. He said there was a lot of interest for the place and he already had a handful of others with viewings arranged. Just keeping things steady instead of diving in I think. He I was a strong option quite genuinely without me prompting it, so I'm hopeful. Bromance at first sight? Laughing

The live with parents thing is quite strongly sticking in my mind, however. Mega potential for savings.
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Lord Percy
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PostPosted: 14:17 - 11 Sep 2016    Post subject: Reply with quote

Pete. wrote:
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.


Well a big part of it is definitely the whole 'adult living with mum and dad' thing, but to be honest the much larger issue is the huge commute I'd be doing.


Last edited by Lord Percy on 14:19 - 11 Sep 2016; edited 1 time in total
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Derivative
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PostPosted: 14:19 - 11 Sep 2016    Post subject: Reply with quote

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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PostPosted: 14:28 - 11 Sep 2016    Post subject: Reply with quote

Ste wrote:
If you were a likely choice, wouldn't he have just said yes there and then? Confused


Some landlords seem to want to have their cake and eat it - even if they thought you were the best tenant likely to come along, if they had others lined up to view, they would still meet them too just in case they were better.
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Lord Percy
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PostPosted: 14:43 - 11 Sep 2016    Post subject: Reply with quote

Derivative wrote:
'Financial worries' is non-specific. Are we talking about 'savings are going down' or actual stress when you swipe the card?


Not exactly worries, to be honest. I suppose 'stress when swiping the card' is more fitting - being able to more freely do things outside of the super strict budget I previously had imposed on myself.

Quite enjoy frugal living though so the main aim would be to come away from this academic year with much fatter savings than expected.
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M.C
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PostPosted: 15:07 - 11 Sep 2016    Post subject: Re: 28 years old living with parents Reply with quote

Lord Percy wrote:

I will cease to exist in the eyes of the ladies.

Laughing

Can't really advise you, as I'm 28 and still live at home Sad If there was a better option I wouldn't be, but I could only afford a room in a shared house, unless I moved miles away from work (sort of the same dilemma you're in).

Seriously consider the commute, if it gets so miserable during the winter you won't want to go in then it doesn't matter how much money you're saving.

I wouldn't worry too much about the living at home stigma, a lot of people have to, even at an older age.
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Wafer_Thin_Ham
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PostPosted: 15:36 - 11 Sep 2016    Post subject: Reply with quote

arry wrote:
Pete. wrote:
Do it, why not?


Agree; then be nice to parents, check contents of will, go away for a long weekend, disable carbon monoxide alarm and craftily sabotage boiler = profit.


Just bust the washer on their gas meter. Wink
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Ben90
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PostPosted: 16:02 - 11 Sep 2016    Post subject: Reply with quote

Move back home, you've already convinced yourself.

Lord Percy wrote:
I will cease to exist in the eyes of the ladies.


Is a pro if you actually want to save any money Laughing

Commute is vague, they can be easy or soul crushing. My friend commutes into the next city, which is only 20 miles away but takes him 1.5 hours of stop-start hell each way (he doesn't ride but should), My commute is the same but 70 miles, and is fairly stress free as I average about 50mph over the whole trip.

Don't forget other expenses that don't apply at home; council tax, food and groceries and suddenly the savings are even bigger. I think I figured out I can save £6k more a year including throwing some 'rent' to my folks even though they asked for nothing.

As said above, if you move back and don't like it you can take your time looking for another place. Thumbs Up
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Hetzer
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PostPosted: 17:02 - 11 Sep 2016    Post subject: Reply with quote

You're going to be dead in, what, forty years? Anything between now and then that facilitates your well-being, without harming anyone, grab the fuck out of it with your two big grabby hands.
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ScaredyCat
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PostPosted: 17:30 - 11 Sep 2016    Post subject: Reply with quote

I had to do it for a while when moving back from living in Holland. I love them dearly but fuck no, never again.
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Saraya
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PostPosted: 21:16 - 11 Sep 2016    Post subject: Reply with quote

Quote:
Mum happy about seeing more of her son.

Yes. Move back home. Empty nests are desolate things and we worry about all those strumpets at uni. Plus, when you’ve got used to doing laundry for 3 or 4, it gets complicated when there’s only 2. You realise you don’t have enough underwear and have to brave the unwashed masses in town to buy more. And you feel a twat when you go on autopilot and cook too much. Go home. You’ll all be happier! Very Happy

Quote:
I will cease to exist in the eyes of the ladies.

Nah. We like guys that look after their mums. As long as their mums like us, of course.
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c_dug
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PostPosted: 21:47 - 11 Sep 2016    Post subject: Reply with quote

Out of interest, have you taken the extra fuel and bike wear and tear into account in your savings calculations?

You could easily spend £1500 on petrol alone commuting two hours a day
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Lord Percy
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PostPosted: 22:23 - 11 Sep 2016    Post subject: Reply with quote

c_dug wrote:
Out of interest, have you taken the extra fuel and bike wear and tear into account in your savings calculations?

You could easily spend £1500 on petrol alone commuting two hours a day


Yeah I did few back of a fag packet calculations, adding expenses and extravagances far exceeding what I'll likely spend, and still I'd be about 2k up at the end of the year, compared to slumming it in Leeds.
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Lord Percy
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PostPosted: 22:24 - 11 Sep 2016    Post subject: Reply with quote

The living with parents option is looking very likely so far.

Thanks Karma

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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PostPosted: 22:26 - 11 Sep 2016    Post subject: Reply with quote

Lord Percy wrote:
The living with parents option is looking very likely so far.

Thanks Karma

I'm interested to know what the current 3 'no' votes in the poll have to say on the matter.


Depends on how much you want to get your wick wet Very Happy many shallow individuals will immediately dismiss you for such living arrangements.
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andyscooter
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PostPosted: 22:28 - 11 Sep 2016    Post subject: Reply with quote

28 you shouldn't really be a student now


IMO

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Polarbear
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PostPosted: 22:30 - 11 Sep 2016    Post subject: Reply with quote

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. Laughing
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Derivative
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PostPosted: 02:26 - 12 Sep 2016    Post subject: Reply with quote

Thinking about it a bit more, is there some way you could pay for the more central place with the hours you save on the commute? A few hours a week part time or something? Seems like that'd be the best of both worlds.

andyscooter wrote:
28 you shouldn't really be a student now


IMO

A ddoctor is trained in 5 years a vet in 8


Can you elaborate on 'should'?
I'd do another degree if I had the money. What else is it for if not to let you do the things you want?
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arry
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PostPosted: 08:09 - 12 Sep 2016    Post subject: Reply with quote

Derivative wrote:

. What else is it for if not to let you do the things you want?


A means of avoiding the real world. My brother in law has a Masters going on phd in it. 32 years old and climbing, still busily doing nothing.
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