Thread: "Living in your moms basement" is basically a cheat code..

I've lived this way my whole adult life; with my dad (when he was alive) and now in a coach house above my mom's garage behind her main house. Partially is because I've had struggles landing a job due to my autism and anxiety. If I did have a job, I would be saving my money so my best friend (who I also told to save money) can buy a house together back in my former town where we can work nearby, invest in our pinball/arcade man cave. We figure it's easier to invest in a future house while living with parents rather than being out before being ready. Besides, with the economy and housing market the way it is now, it's the only way to live and that's with parents.

Renting isn't always bad. You have the power to leave and find somewhere else to live if things that are out of your control go bad. e.g. 'Government-sponsored housing' moves in close to you.

You can't do that if you buy a house.
Buying a house with terrible neighbours/in a terrible neighbourhood will put your life into hell. A hell that you can't escape because if you took a mortgage, you have to get someone else to take your burden and buy it from you. So you fucked yourself for at least a few years. I've seen it happen many times. Sometimes other persons will willingly sell you a house to take their burden off because they know the hell they live in.

This is why homeowners associations are very 'NIMBY'. They try to prevent the undesirables but at the same time, restrict what can and can't be done to the property because 'muh property value.' So you have a house you can't modify because you'll end up fighting them and city council.

And the price of housing around the world has skyrocketed so much that if you calculate the entire mortgage for 25 years and compare that to how much it would cost to rent, it's not that much more... but take into consideration that you also have to do repairs on your house and repaint it every few years. Why? Because of HA/City Council. Don't have to do shit if I rent.

Buying a house is another lie being sold to you as being happy. That shit won't get you anywhere. The government just wants to secure your tax. Living comfortable no matter where you are is more important.

Originally Posted by Juggernaut

Renting isn't always bad. You have the power to leave and find somewhere else to live if things that are out of your control go bad. e.g. 'Government-sponsored housing' moves in close to you.

You can't do that if you buy a house.
Buying a house with terrible neighbours/in a terrible neighbourhood will put your life into hell. A hell that you can't escape because if you took a mortgage, you have to get someone else to take your burden and buy it from you. So you fucked yourself for at least a few years. I've seen it happen many times. Sometimes other persons will willingly sell you a house to take their burden off because they know the hell they live in.

This is why homeowners associations are very 'NIMBY'. They try to prevent the undesirables but at the same time, restrict what can and can't be done to the property because 'muh property value.' So you have a house you can't modify because you'll end up fighting them and city council.

And the price of housing around the world has skyrocketed so much that if you calculate the entire mortgage for 25 years and compare that to how much it would cost to rent, it's not that much more... but take into consideration that you also have to do repairs on your house and repaint it every few years. Why? Because of HA/City Council. Don't have to do shit if I rent.

Buying a house is another lie being sold to you as being happy. That shit won't get you anywhere. The government just wants to secure your tax. Living comfortable no matter where you are is more important.

I retired super early. The first part of my plan to make that happen was reducing my expenses about as far as they could go as young as possible. Timing being what it was with the housing crash, I was able to pay cash for a $50k low maintenance brick ranch just outside the city limits (no city property tax). This put my housing costs at the time around $250/month for taxes, home insurance and the occasional repair. I had already paid off my Prius so my transportation costs were basically insurance and gasoline at around $80/month combined.

All in all, at my most frugal I calculated that I could exist with housing, food, a reliable 2010 car, health insurance, internet, utilities and a gym membership for under $1,000/month.

I think the trick with housing is to NOT overbuy so you could potentially be stuck with some huge mortgage in a place that could go bad. Buy a simple 800-1200 sq ft house in a working class but safe part of town. Don't get caught up on needing fancy finishes that just go out of style anyway.

Some things I always looked at:

- Crime map for the area. Check to see how much crime is going on within 2-3 miles. I've been in my area all my life so I know about every street within a 10 mile radius. This can be trickier if you move to unfamiliar places.

- See how often homes are being turned over. People moving in and out a lot isn't good. I like having some old nosy neighbors that have been around for 30+ years. A few rentals I bought I actually knocked on some doors, met the neighbors and asked about the neighborhood.

- Do the people around the house keep things pretty neat? The homes don't have to be perfect by any means but I don't want to see trash in yards, people hanging out on porches, blinged out cars on 22s, lawns not cut, etc.

- Lastly I like some yard and privacy...homes spread out around 0.5 acre or more works for me. Some of these micro 0.15 acre yard neighborhoods with fresh looking new homes turn into low class, drama filled vinyl jungles after a while. My dad hated them when I was young and I'm glad he made me hate them too.

Originally Posted by user97972

Totally. I live minimalistically, I own little to no possessions except my laptop and few other things. I serve in the army right now and it will end in 9 months so I plan to create my own gym so I don't have to pay obscure prices or have to share space with retards. I dont plan to buy house, my grandmas house is on my fathers name and we also have 2 houses on our name,that makes it 3. My father plans to inherit them all to me so I don't have to worry about buying one. I just plan to find a job after the army, work and get along.

I don't plan on world tours,vacations,hook ups,drinking at pubs. I live as a ghost so life is so cheap for me to live that way. I am always a frugal type of guy so I don't have economical problems .

I don't know where you live or the inheritance tax rate. I would suggest you find out before you need to know or you maybe selling a house or two to pay for the taxes. It might be cheaper for your father to sell them to you at a reduced value so there is less tax. He can always gift you back the price of the house.

Normally it's best to die broke so the tax man gets less. Find out for your area/country/state and plan ahead if possible.

Keep up with the tax laws also, the Boomers are dying and the government wants more of share. Tax laws change all the time, protect yourself.

I live in Turkey,so taxes here are little to none for inheritance if its property but i will keep an eye out.Thanks for the advice!

Originally Posted by Edwardhaskell

I retired super early. The first part of my plan to make that happen was reducing my expenses about as far as they could go as young as possible. Timing being what it was with the housing crash, I was able to pay cash for a $50k low maintenance brick ranch just outside the city limits (no city property tax). This put my housing costs at the time around $250/month for taxes, home insurance and the occasional repair. I had already paid off my Prius so my transportation costs were basically insurance and gasoline at around $80/month combined.

All in all, at my most frugal I calculated that I could exist with housing, food, a reliable 2010 car, health insurance, internet, utilities and a gym membership for under $1,000/month.

I think the trick with housing is to NOT overbuy so you could potentially be stuck with some huge mortgage in a place that could go bad. Buy a simple 800-1200 sq ft house in a working class but safe part of town. Don't get caught up on needing fancy finishes that just go out of style anyway.

Some things I always looked at:

- Crime map for the area. Check to see how much crime is going on within 2-3 miles. I've been in my area all my life so I know about every street within a 10 mile radius. This can be trickier if you move to unfamiliar places.

- See how often homes are being turned over. People moving in and out a lot isn't good. I like having some old nosy neighbors that have been around for 30+ years. A few rentals I bought I actually knocked on some doors, met the neighbors and asked about the neighborhood.

- Do the people around the house keep things pretty neat? The homes don't have to be perfect by any means but I don't want to see trash in yards, people hanging out on porches, blinged out cars on 22s, lawns not cut, etc.

- Lastly I like some yard and privacy...homes spread out around 0.5 acre or more works for me. Some of these micro 0.15 acre yard neighborhoods with fresh looking new homes turn into low class, drama filled vinyl jungles after a while. My dad hated them when I was young and I'm glad he made me hate them too.

Two things to add to this list would be traffic (both for your commute as well as thoroughfare) and risk of natural disasters.

Originally Posted by user97972

There is a whole stigma around the society about "Living in your moms basement" but when you start to think about the society's shaming insults,it becomes a cheat code in living.

People have lived together in extended families for aeons. The nuclear couple that owns a house and raises their kids independently is a very new idea.

Originally Posted by Mr Wombat

People have lived together in extended families for aeons. The nuclear couple that owns a house and raises their kids independently is a very new idea.

Fully agree Made a little observation in the last few years since I started meeting a lot of new people via meetup.

I often got strange looks off people when I tell them I still live at my dads house in my mid 40s. So instead I now tell them I have moved back in after a relationship breakup. For some reason this is somehow more socially acceptable.

At 24 I went from living in my parent's basement to living in someone else's basement; woo-hoo freedom! But I did have my own kitchen and bathroom.

Men are tested throughout life...moving out as quickly as possible is just another one of those blue pill tests. It's all about proving how good of a provider and protector you can be for a woman. Are you man enough to provide and buy pointless consumer shit for a woman? Are you man enough to provide for the kids and buy all the shit their spoiled asses "need" to make mommy happy? Will you grind like a slave and not complain for 50+ years? Will you do all this for a piece of washed up pussy from a woman that nags and is likely 50+ lbs overweight?

No wonder men don't live as long lol.

I choose to live in a basement and a van.

No rent, low drag, no pussy to piss money away on. Save that for the teenagers.