Move to parents and save or stick out for discount?

[GeordieMGTOWParticipant 50]

Hi. I wrote this out previously as a wall of text but when I think about it, basically: I’m thinking about moving back to my parents home. I get on well with them, they’re cool. I’m thinking move home. Work a lot. Save a lot. Buy a playstation 4 – chill on my downtime. I have 10.2k saved up. In 2.5 years I can have 40k and buy a small, modest flat – outright cash.

Couldn’t give a f~~~ about ‘older male living at home’ stigma. Monk mode with women, so f~~~s given there?

I’m at a crossroads though, I’m eligible for right to buy as my place is council owned. To the people not in the UK, that’s 40% to 50% discount off the purchase price of your property. This is where I start to be pedantic but attempting not to be it goes like I basically can’t see myself buying a council property so I’m wasting rent here. Council areas are s~~~ holes, where I live the crime rate is high. Full of chavas/chavs (think thugs/delinquents if you’re from US/Can). Stabbings, a murder, drunks, shouting… It’s relevant to mention that we can bid to move to another property and keep the eligibility for discount. The scenario goes: Same pockets of crappy areas on low desired places. 30 bids above me when I see one I’d like (and I’m on the lowest band priority).

Don’t want to lose what could have been a massive discount, regret it. Then I think about it this way: In 2.5 years time I could have £378 (my rent) less living expenses liabilities and give it to myself instead. In less than a year after that after I’d of saved for a second properties deposit, I could take out a second mortgage on a rental property (go the mortgage gets paid by the rent route). Or save for another 4 years and buy outright cash. Or do a combination of the two with overpaying.

I read The Richest Man in Babylon a lot, and aim to follow the seven cures. I think it’s a good way to control my expenditures, make my dwelling a profitable investment, insure a future income. I like to think about cashflow. Also FTR I don’t agree with right to buy but I’ll take advantage of it.

[WallyParticipant]

While going to school, lived with my parents and saved so much money, no college debt. If you get along great with your parents, it’s a win win. Your parents will enjoy your company and you will too.

"what a waste of a life, to marry, give up your freedom, just for the hope of not dying alone. Don't get married Son."

[Faust For ScienceParticipant 22520]

If you are building towards something, you need to save money where you can. Unless you are planning to live in a home for the rest of your life, you should not purchase a home. A home is like a marriage. If it is an ill fit, it can quickly turn very bad for you.

If you are on good relations with your parents. Moving back in with them is not a bad idea. And you can help pay some of the bills for the home, while saving the rest of your money.

[Anonymous 43]

I favor not being tied down to property…what if you have to move…then you are stuck with a boat anchor house.

The discount is designed to get you stuck to a house, and a particular place. Meh float freely brother.

[Buller100Participant 2189]

Move back in of sure, save and invest.

I would also buy the place with the discount in 5 years you can sell for a nice profit or rent it , as years go buy tenants are buying up the council properties.

The areas will improve if you are buying at such a big discount you cant go wrong.

[GnosticParticipant 2491]

Research and see if the property is good for investment / rent.

Money shrinks and is becoming more worthless in the weak economy, and property is a good way to retain value while having some income via rent.

However if is place where you see nobody want to buy / rent it from you in the future 10 years then you are better off investing in something else and stay with your parents.

Don’t just see the one guy that strike the lottery with his property value shoot up because the government want to develop the area. You should see that 10 more guy that are stuck with property nobody want to buy or rent.

There is no magic in MGTOW, just recognition of the truth and logical decision how to avoid dangers. The red pill is but the truth, it is no magical potion. Do not think in this modern world men have no longer have natural enemies, men are prey to women and government.

[Chris1234Participant 353]

I lived with my parents until I was about 25 and saved s~~~ loads. I moved out with friends for a couple of years near the city (had a blast chasing women etc). I then traveled/worked in europe for a year on the cheap and still had enough for a deposit on a run down apartment in a good suburb when I came back (the money I saved living with my parents).
I spent a couple of years renovating it in my spare time and then rented it out. I moved back with my mum about 20 months ago to help her get sorted after losing my dad.
A result of this is that I’ve saved s~~~ loads again. I cop a bit of heat off my friends but the way I look at it is I’m 36 with an apartment that is almost paid off (I’m making money off the rent), a healthy share portfolio and a plenty of cash in the bank (healthy deposit for another place or I could completely pay off my apartment).
My only advice is if you don’t live with your parents is to make sure you live with couple of mates on the cheap in a good location (I miss the nights playing fifa with my house mates etc). DO NOT MOVE OUT BY YOURSELF as you cop the full rent/bills etc.
If your parents are cool I’d just stay at home, my mums a complete nutcase and its a terrible area but when I look at my bank balance I can live here for a bit longer.
My 2 cents worth:)

[anonymousyamParticipant 4605]

I probably will be with my parents till about 22 maybe 25 tops but if there is a benefit you can get from living with them and they are fine with you id take it.

Just an east coast asshole who likes to curse, If you get offended by words like fuck, cunt, shit, piss, bitch or any racial slurs then you just scroll down.

[GeordieMGTOWParticipant 50]

Hi. I did move into my parents home. 3 months ago. Have managed to save some extra money but will take a little time before I start to really see it.

I’m not regretting it, it is taking some getting used to being in a little box room though. I also lost out on some personal freedom, and it’s kind of boring.

Saving money, faster. And get to where I want to be sooner. Eye on the prize.

I’ve been looking at property (online so far) already though. And also mortgages. I’ve been considering taking in a lodger. With it being my brother (who I know, is familiar, I know isn’t a dickhead, would pay, respect the place etc) I figure this would be a soft entry into landlording and real estate income.

Life feels like a bit of a grind at the moment with working, then being bored at home but I’m proud to say I have real faith in my abilities. Never did have for years but I do now.

[hollowtipsParticipant 681]

It’s all about how you are personally with your parents and the lifestyle you want. I’m 23 and parents cramp my style, I’ve been living on my own for 5 years and have no plans to move back. You’d have to stick out 2 years of living with them but if that sounds bearable it might be worth it to cop property in cash. However Europe is in the red zone to be expecting a collapse in the next 2 years so be careful about buying a house before s~~~ goes down. You’ll likely be able to snag a way better deal during a recession than current market.

[Y_Participant 4591]

No council – these are full of feminists and muslims.
F~~~ it man – you need to save. Be logical and do the smart thing.

By the time you have saved you will know your full options – now you are blindsided by not having enough money.

[Author]

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