Stay - Buy - Rent (Poll)

**StoneChucker** · 16th March 2006, 13:56

Life can offer up some rather frustrating situations (funny that, who would've thought!)

After having a rather bad accident, I find myself living at home with my folks, who are great for support while I recover. However, it's not exactly "cool" to live at home. I know that for the moment it's for a reason, but in 6 or however many months time it is when I should move out, I really am struggling with finding the best path to take.

Living where I am now is great, it's practically rent free (I insist on paying for certain things). Staying put for a while could be an option, but I'm getting near, err past the age where it's kinda weird to be at home (by societies standards). I don't see the point of moving out into a rental situation, as before you know it, it's been 5 years of paying rent, and you have nothing to show for it.

The other option is getting a mortgage & buying a house, which is my preference. However, that is most practical if you were to do it with a partner, which at the moment I do not have. I would be able to do it on my own, but would have very little spare cash each month (and at the moment, my working hours are not set permanently, I'm going through a very long process with ACC). I can at least say that I'll have at least between part-time and full-time hours.

The last option is similar, get a mortgage & buy a house, and get 1 or 2 flatmates in to help with the mortgage repayments. But again, that would mean buying a more expensive house, nearer to the CBD or another suitable location where people would want accomodation. No point buying in Upper Hutt, when most flat seekers need to be closer to work, uni, etc... Not to mention the headache of researching the legal aspects of it (what my and their rights are), interviewing people for it and hoping you don't get a psycho who destroys your house!

I need some panadeine!

**enigma51** · 16th March 2006, 14:02

Find a area you want to live in rent for a few months to see if you like the area and then buy. To buy is never a bad idea assest etc but renting gives you a bit more freedom. So no dont have the answer.

**Colapop** · 16th March 2006, 14:03

It depends on your plans for the future. Do you want to travel? Do you think you'll want to live in another city? Do you feel the need to breed?

Put your money aside and buy a house. There is still some security in owning your own home. Yes, there are other investment options that return different yeilds, but in the long term house owning is a pretty good investment. It's only a building as long as you don't get too attached to it then it's easy enough to sell if you absolutely need to.

As far as living at home goes - I'd still be there if my parents would've let me! Life is tougher having to do grown up shoit!

**StoneChucker** · 16th March 2006, 14:06

(Enigma)no no no... You don't get it do you. You are supposed to give me the perfect answer, then everything will work out fine!

(Cola)Yeah that's true, someone gave me some advice that buying a house isn't as "scary" as you'd think. Also, I see it as a HUGE savings account. Even after 5 years, you should get out at least what you put in, if not more. That option as I said, is looking more and more attractive to me.

No urges to move, or breed. I definitely want to travel though. I've briefly done Europe, but have many more destinations in mind. Maybe I'll do that for a few years, then buy. Also, after a while, I can say my folks are "living with ME" har har har

:spudwhat:

**Colapop** · 16th March 2006, 14:17

I've found out (a little sooner than expected) that you only end up looking after them sooner or later... Anyone want my mother's husband? Free.

**DemonWolf** · 16th March 2006, 14:18

Other than renting.. even though it doesn't seem you haven't got anything to show for it.. your've had a roof over your head.. more money in your pocket to do the stuff you wanted to do.. Getting a mortgage will mean less money in your pocket for quite a few years.. which can be very tough (argh dont I know it!)... it all depends on your long term goals. etc.

Good luck dude on choosing!

**Cajun** · 16th March 2006, 14:19

Dave - paying rent all you are doing is paying someone elses mortage. and pretty much pissing your money down the drain, and only should be done if you have no other opinions

Best opinion i could say is to buy a house, get a flatmate or two.

Buy a house where you want to live, cause 9/10 there be people wanting to live in same area. Cause at least with a house, you have not wasting your money, and have something to call your own, and do what you want.

**Mrs Busa Pete** · 16th March 2006, 14:20

Buy a house that is in a rentable area and stay at home you have the investment you want and still got the cheap living at home and tennat paying morgage.I had a lady out looking at houses on the weekend that wanted a home with granny flat for her 30 year old son to live in and when the time comes that you meet someone special you can both move into the house and live happily ever after.

**Maha** · 16th March 2006, 14:22

Originally Posted by busa pete

Buy a house that is in a rentable area and stay at home you have the investment you want and still got the cheap living at home and tennat paying morgage.I had a lady out looking at houses on the weekend that wanted a home with granny flat for her 30 year old son to live in and when the time comes that you meet someone special you can both move into the house and live happily ever after.

AMEN.........:spudbooge

**Colapop** · 16th March 2006, 14:25

My sister's boyfriend still lives at home with his Ma and Pa. His Ma still makes his bed for him and irons his undies.... (ok I can't substantiate the undies claim...)

**skelstar** · 16th March 2006, 14:29

Dave: renting means that you can live where you want when you want with who you want. Less cash flow? rent a cheaper place, heaps of money? upscale!!! Toilet overflowing and theres a funny smell coming from the walls? Landlord's problem not yours!!!

**Maha** · 16th March 2006, 14:32

Originally Posted by Colapop

My sister's boyfriend still lives at home with his Ma and Pa. His Ma still makes his bed for him and irons his undies.... (ok I can't substantiate the undies claim...)

Irons undies...............

If a hot iron went near my superman skids i would get most upset.....

**Mrs Busa Pete** · 16th March 2006, 14:35

Originally Posted by maha man

Irons undies...............

If a hot iron went near my superman skids i would get most upset.....

**enigma51** · 16th March 2006, 14:37

Originally Posted by Colapop

My sister's boyfriend still lives at home with his Ma and Pa. His Ma still makes his bed for him and irons his undies.... (ok I can't substantiate the undies claim...)

Your sister should get rid of him! He sounds like a lazy fucker!