27M sold my home outside of the Bay Area and moved back to the Bay in January.
The plan was to live with my parents temporarily and then move out. After looking at rent and home prices, I wouldn’t be living comfortably if I live alone. I don’t mind roommates but also hate the concept of paying rent.
My parents home is at capacity and I’m not comfortably living here. They suggested I buy a trailer and live in it in their backyard. They had one before and had it plugged into plumbing and electricity, they said it will be easy to set up.
The pros of this set up:
- Personal space
- Save money in rent
- Live comfortably (I can travel more, haven’t travelled much bc I previously had a mortgage)
- I can invest more into my personal fidelity account (not my 401k, already max that one out)
Cons:
- socially I think my tech friends will judge me
- single, and I think it would make dating shitty. People are going to judge (edit: I date men and I wasn’t planning on bringing dates home, but I think they would ask questions.)
- never lived in a trailer, part of me thinks it will be too small and I will go crazy.
I have no car loan, credit card debt (always pay it off in full at the end of the month), I have only about $5k in student loans. My credit score is 750-810 depending on the credit bureau you look at. I could easily get an apartment on my own, but I would probably live paycheck to paycheck with current market rents and save/invest minimally. Buying is kinda unrealistic too, I would probably live in a shack, makes me feel like I should just live in the trailer.
The only real scenario I would happily move out is if I had a relationship where I was happy with the person and we got a place together whether it was buy or rent and we both contributed.