im at a fork in the road and would like some advice from the great minds here
my current situation is living in a 3 bedroom apartment with 5 people living here (one of which my girlfriend) we moved in together fairly quickly because of my previous living situation and all 5 of us signed the 18 month lease at the same time, i make about 2000/month after tax/deductions. i have about 20k in a savings account and 3k in my day to day account
my fork in the road starts when my lease is up(mar 2020), im not sure if i will still want to stay in the apartment as i dont see myself with this girl forever (a problem for /r/relationship_advice) but i also very much enjoy having only $400 in rent per month and saving the rest for a future down payment. however in the high cost of living area i wont find RENT for under 1k/month anywhere near here, however i can BUY a studio hotel room down the street for 60k and have a monthly payment of 600/month and still keep a good flow of savings
so my question is, do i buy something small and cheep that can keep me in a savings flow and also produce future income? or do i stick it out and build a larger nest egg for a forever home?
Submitted March 20, 2019 at 07:26AM by twoshotracer https://ift.tt/2HJEhdm
