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Started by OMRTD, December 30, 2019, 07:11:46 PM
Quote from: OMRTD on December 30, 2019, 07:11:46 PMHey Everyone,Long time lurker/FS reader, first time contributor in any form. I've finally figured out a rather solid financial footing since graduating from college earlier this year. I found a full time job near my home town, so I managed to knock out all $15k of my student loans while living at home. Now, I'm trying to prepare myself for the coming year and set priorities that make sense given my situation.I live in a HCOL area, where it'll likely take me 2-5 years to save for a serious down payment on a home (around 20%, to avoid PMI). I really think that I want to be invested in real estate sooner rather than later, but I'm quite disheartened by the reality of how long it will take to save and how high that payment will be when I do manage to get a loan.It's not evil to rent for a bit, is it? I feel sick throwing all that money away when my parents live so nearby, but I've paid my debt from school, I don't like continuing to mooch off of them either.Thanks all!