Hey all, My parents and I are trying to move to an area along the coast of CA and they are exploring buying a home as renting has been very competitive and pricey. They are telling me we would have to go in on it together and this makes me leery because I have student loan debt and wasn't planning on getting stuck with a mortgage. My parents have enough for a down payment , I have enough income coming in to qualify us for a bigger loan so we can afford a larger place... I'm wondering if this is a good idea. I have a lot of student loans (mostly federal) and Dave Ramsay always says no home buying until you get debt cleared up. My parents said they would be able to refinance the mortgage after a few months and take me off the contract if I preferred but this sounds weird to me. My parents are not always great with their money. So I've come to Reddit seeking wisdom/advice ðŸ˜
Anyone who knows more about this sort of stuff please feel free to chime in. TIA...
Submitted April 05, 2019 at 06:15AM by anotherusername2019 http://bit.ly/2uOjBcc
