I have a dilemma over moving out . Older people tell me to keep waiting it out until I have the money for a house . My friends tell me that it is time to leave now. Personally I don't know what I want. I've been saving money for so long now that nothing seems to be enough to feel secure. It always seems that I just need 5000 more dollars. Wise yahoo people I could use another perspective. It seems to me that moving out early can be financially crippling and can really limit the possibilities (travel) that you can do at this age. But I'm 23 now....is it just time?
It's time for you to move out.
It's not time for you to purchase a house. You want flexibility now while you look for a career that is better suited for you long term.
Moving out "early" is moving out at 18 with a minimum wage job.
You are WELL PAST moving out "early". You are 23 and will have a masters degree in a few months. It's time to become independent.
no job today is secure in the long run like it was back up until the 1960's wherin you would work for one company your entire life and continue to get increases and move up with a new title.
Back then too people, if they wanted to move on they would stay at a job 3-5 years or else would be considered as a job hopper and no one would hire them. Things have changed.
Since the 2008 housing fiasco a house isn't the most secure thing a person could own, and getting a house too soon would stop yu from traveling (traveling to get a new job, or moving) and you already know that prices are rising on homes and that not everyone will own a home in their lifetime because of their student loans. so let's start with "are your student loans paid off?". Well live at home and pay them off before you move out.
You do have fresh knowledge from your near masters degree so in past years you would be in demand, but these days because of the economy and the high level of your degree well you "might" have to use only your BS degree. Is your masters in a specialty you can use immediately and is in demand? Many people don't believe what our president is saying about the recovery is here because they just don't see it. So it might be good if you stayed with your job a little longer.
The friends that are telling you to leave now, well what is their status? have they left home and found great jobs?
I'd say get the job and "then" if it's out of town or state, at that time move out.
Some good questions, but I'm not sure that you've considered all the options.
Can your parents help you with the new house?
Just how nice does the new place have to be?
After the real estate crash... Prices aren't going to get cheaper... Any house that you purchase is likely to accrue in value...
Finding a potential life-mate is going to be more difficult while living at home with the parents...
What kind of travel are you interested in?
Travel doesn't have to be first-class, or whatever you have in mind...
Travel can be done on the bus, or other low cost alternative.
Many people travel by hitchhiking.
If liing at home is not totally crippling your social life iut may be OK to live there until you marry or partner up, which makes home buting a lot easier, stay on good terms with the parents their babysitting services later in life can be invaluable
Probably buying less is the safer way to go, so the scramble to make the mortgage during unemployed gaps is not too painful, if you outgrow a place you might be able to rent it out as u move into something better.
You got caught up with college and missed the part where you become the second person in your life. Or didn't anyone ever tell you that happens - five or six times in life. As it is you are a success and you need to move out on your own now. Dealing with the changes, inconveniences and financial limits is your highest priority. It's how you mature. Get on with it.
If you get a good ob in some other city, you may move out. Staying in a far off place and visiting native place once in a while and meeting parents and relatives gives immense pleasure. If the job in your own place, better to stay with parents. This may enable you to save some money also.
If youre financially secure , no 23 year old should be using mom and dad. Its time to grow up and move on. They supported you during college, they should not be supporting you any longer. ( and yes even if you pay your own bills, them allowing you to live rent free or close to it, is support)
Move out, budget accordingly. Save wisely. Enjoy young adulthood. Independently. Unless you really really enjoy bringing dates over on your Superman sheets with mommy upstairs...
