I need a little help. I plan to move out of my current house in the next month or two, what I need is a plan. I have been collecting most of the bigger stuff I need over the last year, new mattress, TV, computer, paying off my other car. I have looked into apartments in areas I would feel safe living in and I can afford them by myself or with a roommate. What I have a problem with is my savings. I have set aside 6 months worth of rent and utilities as a nice little egg so I can get all the bugs worked out over the first 6 months and then settle into a nice routine. But this dips into my savings and when everything is settled I will have to put about 5000-9000 less into the market each year, and will not be able to modify the car as much as I want.

The 64,000 dollar question, is it worth it. I am 20 years old. Make a proportionally large amount of money for my age, own my Porsche's (soon) and will have the S2k paid off by the end of next year if I keep up the current payments. I get along fine with my parents but spend maybe 10-15 hours max at home a month (awake) I am in college and well I am sick and tired of all my friends having the ability to drink, have fun at 3 in the morning and play music at a decent level. Plus I would like to come out of college not having all the fun that I need to have to keep sane J

So what do you think give up a semi-free home, for a nice place (1100 square feet) compared to my current (100 square feet). Do you think I have enough cash saved to at least get started. Can you imagine how much stuff I have forgotten, is it nice living by yourself, Do you miss home, do you like having your own space. The only other problem is that I will have to keep the Porsche

 

Dude, life begins when you move out! Whether it's worth it to you depends on how much you dislike your current situation and how much you value your independence. I moved out when I was 17, owning practically nothing - took me 6 months just to save up to buy a bed so I could stop sleeping on my ratty old couch. But the wonderful feeling of freedom and the ability to do "those things" you can't do while living at home was worth it for me.

Not many places like you describe in SD - were you looking at Mirage in Mission Valley maybe?

Sounds like you've got your life pretty much together, and with some money put away, why not buy a condo with a decent 2 car garage? That way you're not throwing $$ away on rent, you get a huge tax break, and have a place to store the car(s). That's what I'm looking into right now, but haven't had the discipline yet to save up the 10-20 g's for a down payment.

Miss home? You can always go back and visit...

Just my $.02

 

I wish that 10-20K was what I needed for a downpayment. Most of the ocndo's in my area are about 350,000 to 400,000 for a decent 3 bedroom. I am looking right off the 56 5 plit in carmel valley as I can get to work and school easily and still be safe. I have a few friends that live in city hights and university hights and I like the area but I dn't feel safe up there. I feel like I am going to get jacked every time I have to stop at a light. And I like to run at night and up there if you arre running you more then likly are running from someone. I don't need the tax break as much as one would expect as I have no other large deductables right now other then some assorted school expensises and donations to good will. I want out of my house right now because welll I feel like a moch still living at home and with 7 more years of school I can't justifiy sitting on my duf at home for the whole time.

Well I am off to go apartment shopping again maybe I can find something nice to rent in carlsbad, cardiff as that is where I really want to live.

 

Dude, I want your problems. I have to completely agree with jzr on the "Life begins when you move out" statement. The best part about living on you own is that you learn soooo much about yourself. That's priceless. And if you don't like what you learn, you can still bring chicks home.

 

You gotta move out...even if your "standards" of living, safety, and savings/investment are not at the level you are accustomed. Your folks artificially provide those standards you are enjoying right now. Unless, they were trust-afarians, they did not start at the top either.

I moved out at 17 too...only had the Triumph my daddy bought me and my scholarships/student loans to augment less than $3k saved from summer jobs. But I moved several hundred miles from home to go to college and start becoming a self-sufficient adult.

To start, I was the roommate in someone else

 

Problem with the condo idea is that it is compltly not fesabile in san diego. Most places start around 300,000 not much goes benieth that unless I want a 1.5 hour commute both ways every day. I have 20,000 or so that I can use for a down payment and 1000 bucks a month will not break me so I think that I will take your advise and start to look in areas that at least I consider undesirable places to live. I refuse to live a crime filled area so I will have to do some heavy searching.
One thing did pop up today, I have been loking at homes in the downtown area, weell they are condos in the city. And I could swing a decent sized one n a decent area. Of course my drive would be longer but I would be right in the middle of the city, I like sprawl so maybe thats a good idea. I also found a roommate if I need to have one so maybe buying a nicer condo and renting a room out would not be such a bad idea.