The sanctions against Russia are about to cause serious blowback in the form of price inflation in Western Europe. If I were you I wouldn’t even think about renting, as rents are probably going to go up a lot with inflation. Instead, I would be stockpiling at least a month’s supply of food and investing in non-cash assets that preserve some value during inflation.
I moved out when I was 18 lol... anyways since you like living at home, and your parents dont seem to mind at all, why not stay? But what are you saving for?
My personal opinion is that young adults should move out when they feel ready to move out. If you stay with your parents in a miserable situation, you'll just be motivated to get married too early, and that pressure will make you highly susceptible to marrying the wrong person (or moving in with the wrong boyfriend).
Get a roommate, though; don't pay all of that money by yourself.
You can stay at home and save your money while living with people who love you, and you love. Or, you can move in with 3 other people you don't know and share a place, because that's the only way you could afford it, and still have less money to save in the end. I say stay at home for now.
Stay at home for a while. Even shared houses are expensive in London. Or get a live in job somewhere else where they provide you with accommodation. This is what I am doing and saving more than a thousand a month.
In my opinion move out even if you are really well with your family. You come first and if you want independence than do it! But you also need to save up money to be able to live alone or at least get a place and get a roommate!
I would wait and save money for sure, renting is paying for something you will never own. you live at home and save and you have all the money to own something
You can make a fiscally responsible decision or you can you can stay in London and waste money on rent. You can find places within 45min train ride into London, it's not that far
Disagree with the advice to stay and save. Nice in theory except house prices are rising by 10% a year at the moment. If you save £1k a month you'll raise £12k. But a £200k property (that you won't find in London), will rise by £20k in same period. Better to get on ladder sooner
I'm in Kent, currently moving house, it's difficult. My OH emigrated to London nearly 20 years ago. She's not happy at moving out, but makes sense now we have a young family. There are 1 or 2 bed flats you can get hold of, may have to compromise a bit. Depends on what job you do and what you think your future earnings will be
move out… you’ll still be able to save money if you get your own place right? if it becomes too tight of a budget that is not sustainable, then it’d be better to stay. but if you can afford it then go for it!
If you can’t afford to buy right now, save money. Most family’s are multigenerational right now. Average mortgage where I live in over $2k/month, rent is even higher.
Honestly if you don't mind doing it, and your parents don't mind then stay at home as long as you can and keep saving. You'll have a much better chance to buy a house.
Alternative: save up money, find a job in a lower rent city, or move in with friends. You can find plenty of jobs hopefully in a lower rent county.
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Anonymous
(18-24)
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Save up. Do the logical thing. You can leave anytime. Save up and get you a house. You can get you a 200k house. Or you can save up and just have money or you can go to school I don't know but don't do the illogical thing
If you are asking this, then don't be dumb. GAG will make you GAG once and thrice again. Don't build up debt from the onslaught unless you know you can hack it. Obviously you know you can't hack it.
If everything is fine at home it’s better to save in my opinion. You are still in your 20s so it’s not a big deal. I moved out because I had to focus on school and couldn’t stand the commute.
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The sanctions against Russia are about to cause serious blowback in the form of price inflation in Western Europe. If I were you I wouldn’t even think about renting, as rents are probably going to go up a lot with inflation. Instead, I would be stockpiling at least a month’s supply of food and investing in non-cash assets that preserve some value during inflation.
I moved out when I was 18 lol... anyways since you like living at home, and your parents dont seem to mind at all, why not stay? But what are you saving for?
To buy a place in the future rather than rent
My personal opinion is that young adults should move out when they feel ready to move out. If you stay with your parents in a miserable situation, you'll just be motivated to get married too early, and that pressure will make you highly susceptible to marrying the wrong person (or moving in with the wrong boyfriend).
Get a roommate, though; don't pay all of that money by yourself.
You can stay at home and save your money while living with people who love you, and you love. Or, you can move in with 3 other people you don't know and share a place, because that's the only way you could afford it, and still have less money to save in the end. I say stay at home for now.
Stay at home for a while. Even shared houses are expensive in London.
Or get a live in job somewhere else where they provide you with accommodation.
This is what I am doing and saving more than a thousand a month.
In my opinion move out even if you are really well with your family. You come first and if you want independence than do it!
But you also need to save up money to be able to live alone or at least get a place and get a roommate!
I would wait and save money for sure, renting is paying for something you will never own. you live at home and save and you have all the money to own something
Look for a place out of London, and buy not rent. Plenty of schemes to let you buy with 5% deposit
I love London :(
You can make a fiscally responsible decision or you can you can stay in London and waste money on rent. You can find places within 45min train ride into London, it's not that far
Disagree with the advice to stay and save. Nice in theory except house prices are rising by 10% a year at the moment. If you save £1k a month you'll raise £12k. But a £200k property (that you won't find in London), will rise by £20k in same period. Better to get on ladder sooner
It seems impossible for me to buy a house at this rate
I'm in Kent, currently moving house, it's difficult. My OH emigrated to London nearly 20 years ago. She's not happy at moving out, but makes sense now we have a young family.
There are 1 or 2 bed flats you can get hold of, may have to compromise a bit. Depends on what job you do and what you think your future earnings will be
move out… you’ll still be able to save money if you get your own place right?
if it becomes too tight of a budget that is not sustainable, then it’d be better to stay. but if you can afford it then go for it!
Save money. Can live rest of your life on your own. Knocking out the debt and building bank account so have financial freedom pays off huge later on.
If you can’t afford to buy right now, save money. Most family’s are multigenerational right now. Average mortgage where I live in over $2k/month, rent is even higher.
Honestly if you don't mind doing it, and your parents don't mind then stay at home as long as you can and keep saving. You'll have a much better chance to buy a house.
Saving money is the way to go & with everything going up rent included staying at home would be the smart move as of the moment.
Alternative: save up money, find a job in a lower rent city, or move in with friends. You can find plenty of jobs hopefully in a lower rent county.
Save up. Do the logical thing. You can leave anytime. Save up and get you a house. You can get you a 200k house. Or you can save up and just have money or you can go to school I don't know but don't do the illogical thing
Have a chat with your parents about it, at ~21 mine were planning to make me pay rent, lol
Yeah lol I live at home for free
If you are asking this, then don't be dumb. GAG will make you GAG once and thrice again. Don't build up debt from the onslaught unless you know you can hack it. Obviously you know you can't hack it.
If everything is fine at home it’s better to save in my opinion. You are still in your 20s so it’s not a big deal. I moved out because I had to focus on school and couldn’t stand the commute.
Satisfy your craving... move out and enjoy your independence. Continue to save as best you can.
Maybe move out with a room mate, is that an option?
I’d rather live with my family than a roommate lol
Good lol.
I love your nipples by the way