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Old 09-05-2012, 08:43 PM   #44
atom
Zilvia FREAK!
 
Join Date: Jan 2003
Location: San Francisco
Posts: 1,196
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Nobody even bothered to ask a really important question, how much are you actually saving living at home vs. living on your own? If it's a lot I would say fuck it, stay at home.

I still mooch off my parents, sort of. And I have no shame about it. I rent an apartment from them at lower than market rate. San Francisco rent is no joke, I pay them $1800 a month even with the "family hookup". But that extra money I saved let me do things like pay off all my student loans way earlier than I would have otherwise. It also lets me max out my 401k contributions, make regular contributions to an additional investment portfolio, all while still living comfortably. Basically I'd never move unless they told me to GTFO. That money I save makes a pretty big difference.

If owning a home is your ultimate goal and this apartment is a stopgap, figure out say a 5 year projection of your finances living at home vs. living on your own to see how much further along you'd be towards home ownership if you stayed at home.
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