I’m sorry if this isn’t the right subreddit for asking about housing but the backend of my question all revolves around money after all. I’m 24. I just recently got a decent paying job, about $4500-5000 a month after taxes. Right now I still live at my dad’s house rent free and almost entirely expense free. Gas is $200+ a month to and from work but that’s about it. I love the low expenses but I also want my own place and I feel like I should go on my own for once. A house seems way out of reach financially and I also don’t want to commit to a house anyways. I love apartments and the fact I just pay rent and I don’t gotta worry about maintenance and I don’t have to commit to it longer than the lease. But I’m always told it’s “wasted money.” Maybe true. So then I started looking into condos for what could be a decent middle ground. Make monthly payments to eventually own it to have some equity and just keep having to pay HOA fees (I still don’t really understand all the HOA and fees and hidden expenses of buying/selling condos). There’s condos and apartments I have my eye on in my nearest major city. I don’t know what the smart move is if I finally move out of my dad’s house is. Or if I should just accept moving out is overrated for people my age in this economy and stay home as long as I can. There’s also about a 30-40% chance that when November comes I might have to move out since that’s the chance my dad may retire early and move up north. So there’s that to consider.

    What the hell should I do, rent? Buy condo? Stay at home?
    byu/Dear-Performance-394 inpersonalfinance



    Posted by Dear-Performance-394

    2 Comments

    1. I don’t like those odds. Start getting in the market for an apartment or a starter condo.

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