Question
moving out into an apartment or townhouse with my best friend after high school?
my parents are moving and i want to go to the community college in my area with my best friend, so i can get into the college i want to (JMU or VA Tech) as i'm not as qualified to get in after graduating. we would go to this community college for 2 years and my mom is offering to purchase a townhouse ($199,000) as long as we pay the mortgage, bills, etc. of course we will both have jobs and make approximately $1,000 a month, which is $2,000+ added together. i understand there are other things involved (gas, food, etc.) does this all seem like a good idea? i still have a year to think over things and i would like someone's opinion. thanks (:
5 months ago - 5 answers
Best Answer
Chosen by Asker
Ridiculous. Mortgage 1500 month since that includes taxes and insurance. Then you need to pay utilities, cable, sewer and water, trash pickup, internet, laundry, food, medical insurance, dentist visits. You need roughly 4500 a month to live. Never mind tuition, books, lab fees, transportation, clothing, entertainment.
by sassy2
5 months ago
Asker's Rating: 
Other Answers
Depends how well you trust this person their is a lot of things to take into consideration set strict house rules you need to discuss overnight guess , cleaning housework ETC sooner or later one of you will want to bring boyfriends home and what happens if she is not the person you think she is you never know a person to you live with them
by locita1231- 5 months ago
You can't afford it. The mortgage will be almost as much as your gross pay then there are condo fees to pay for outside maintenance that will be a couple of hundred a month, another couple of hundred for heat and lights and you will need food, clothing, cleaning supplies, transportation, tuition, books and other cost of living. Your best friend will soon find what a bad deal this is for them. You or your parents are getting a home paid for and you are expecting them to pay every cent they can to live with you. They will decide to move home with parents or to rent their own place leaving you with twice the bills.
by shipwreck- 5 months ago
It does not seem like a good idea. Jobs are very scarce and the economy is only showing slight signs of improving. The price of the mortgage, gas, electricity, water, cable, food, clothes, car insurance, and books would be more than you can afford. It would be better to find an apartment or low cost student housing.
by Heather- 5 months ago
You have to look at all the expenses. A mortgage can be your $2,000/ month income by itself. Make sure to factor in insurance, taxes and HOA fees as well. It is a great idea if you can afford it.
by Wildcat- 5 months ago