05-17-2005, 07:47 AM
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#21
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Keyboard Tough Guy
Join Date: Jul 2004
Location: Trenton, NJ
Posts: 6,341
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Originally Posted by ****OnWheels
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Originally Posted by skorpion317
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Originally Posted by ****OnWheels
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Originally Posted by skorpion317
a house isn't first on the list for a 21 year old. That'll come later, after working for a couple years.
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It may not be first on the list, but it becomes difficult to save that kind of money to buy your first house when you first start working after college. Â*You really are better off putting as much money aside as you can, let it earn interest (stick it in an ING account or you could try to invest, but that's risky), and then you have it for when you're 24/25 and ready to buy. |
true, but i don't plan on having a house at 25. maybe an apartment of some kind, or living off the fat of the land (read: mooching off my parents for a roof over my head.) i'd rather have the apartment. However, i plan on making a lot of money soon after graduating from school (Porsche, here i come!). |
Not much in life happens that you actually planned to happen. Â*Seriously, you would be wise to save the decent amount of whatever your parents may give you. Â*It also helps for an emergency, a rainy day, whatever. Â*Even if you put 10k away, you still have another 10kish, plus whatever you've already saved, to buy a decent car with.
If you have the money to buy a house, why would you get an apartment instead? Â*My guess is the housing market will come down about the time you'd be ready to get an apartment, and you're better investment is in a house. Â*Besides, what girl wants to go back to your place when it's your parents' place?  Â*Better off with your own home.
Of course, this is my unsolcited advice. Â*Do what you will.  |
 also just to add a little bit...i have a friend that got out of college a few years back with his degree hes making ~$40k now and just recently paid off his student loan(s) and lives at home with his mom and hes my age. And if your looking to rent an apt. good luck...the house that im joined to is being rented for $1000/mo its a 3 bedroom 1 bath house that barely accomodates my wife & I...I could see a person making $40k a year struggling on their own with that payment...and I cant emphasize enough " Besides, what girl wants to go back to your place when it's your parents' place? "
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