I want to move out of my parents house and need advice.

I'm 22 years old and I still live with my family. I live in NYC. I feel that the energy in here is very negative and I think I would be much happier if I had my own place. I know it will be a big responsiblity, but I think I'm ready for that next step.

The one thing I'm worried about is finding the right place. I don't want to rent because I don't want to just throw away money every month. I want to eventually own my place, so that the monthly payments will be investments.

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I've saved about $50,000 and I'm thinking about purchasing a studio or condo. Do you think thats a good idea, or do you reccommend something else? Is there any advice you can give me for this transition? What are some stuff you had to deal with when you first moved out?
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Thanks!

 

My advise is to do this by yourself and don't take on any room mates or boarders. Things can really go sour in those conditions when you are the one putting the bulk of the money toward the home.

 

i'm still renting... i do think that purchasing a home is a better idea, for exactly the reasons you said.

really, there's not much to it. of course, owning a place is different from renting, but my transition was almost a complete non-issue. sure it's different when you're on your own, but there's really not too much that you can't foresee.

all i can say is shop around until you find the right place.

 

I thought having a roommate kicked ass at that age.

 

i wanted to kick my roommate's ass at that age. in fact, that's the last age i was when i didn't live alone.

 

depends on the roomate you get. but more often than not, the other roomate sucks.

hey i live in florida its nice here. takes some getting used to, but you'll like it.

 

hehe

He probably hated me.

 

he was by far my worst roommate. i believe he was probably by far anyone's worst roommate. but even my best roommate (when i was 19-20) was still worse than living alone.

on the other hand, i'm a huge advocate of learning through experience, so i'm glad i had a chance to experience both good and bad roommates before moving on to living alone.

 

I'm pretty sure I'd be a terrible roommate, I'd be the one who wants nothing to do with you until you moved something of mine.. then shit is going down!

This is also why every roommate situation for my assorted family has failed.

 

I don't know much about the housing market in NYC but I would think you need more than 50 grand to put down. With the banks not real eager to loan I would think on a $500,000 loan you're going to need a 100 to 125,000 would be my guess.

 

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And, the serious part of this reply is: I moved out of my parent's home when I was 17. Never regretted it, left all that negativity behind.

 

i want to move out of any place a neighbor's idea of entertainment is louder then the sounds of the real world outside. unfortunately i live in an america that insists on building codes and allowing landlords to discrimate against refusal to use credit or indenture myself to an automobile.