Posted: 1/26/2010 7:10:57 PM EDT
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Not sure how to handle this one.....
Anyways, I'm 28 and going on 29 in a month. I still live with my Dad as he went through a nasty divorce with my Mom when I was 14. We worked together to have places to live and food on the table. What can I say, he's my best friend and we get along well. Dad wants to make a home purchase. A mobile home that is. The park I live in is very clean and no trouble at all hence the reason He's like a bit of an upgrade to a newer one. It's going for about $68,000 and has been sitting there for two years since they brought it in. I know these places lose value over time but, I just don't see being able to afford a house like I would want. (Garage would be nice) We live in one that was built in 1977 and it's getting old.. Windows leak like crazy in the winter time and it has the old style 4" walls. Best part, It's paid for. He wants to get into something new so that way, In 15 years when he retires it's paid for and he has a fairly new place. He can't do this without me. Me on the other hand, Graduated high school in 2000 and never went on to a college or tech school. I'm now realizing the mistake I made and I want to go back for 1 or 2 years and get a degree of some sort. If i help him with this new place, I can't get back to school. I know, It's drawn out story that I shouldn't even bring onto a forum but, I guess I can't think of a way to help him out while trying to help myself out. I work full time as well as he does at the same employer. He got me the job there back in 2001. Business is slow and with all the foreclosures going on, It's the reasons I hesitate. Thats all I need is to get into this new place and a year later we're both jobless and can't pay for it. 
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your father should UNDERSTAND your desire to go to college.
do not let his dreams of a new trailer house get in the way of your future. sure the one you are in is not all that great, but it is still a roof over your head until you finished college. last, keep in mind that if you help him pay for a new trailer, you will later on feel obligated to continue living there to HELP him with the payments... youre 29, how long do you want to live in a mobile home with your father ? |
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Quoted:
Go to school. Thats what I'd do. and FWIW, there is a foreclosed 3 bedroom, 2 stall garage house going for $77k near me. I'm not making any judgments about living in a trailer, but $68k for one seems bonkers. Agree with RyanC 100% Trailer homes are depreciating assets in any market. Real Estate, though it has depreciated/adjusted in the past 2 years, still has more upside potential. As far as going to school, you are still young, so I'd do it. The job market out there will look a lot better for you especially these days. |
I'd have to agree with the hive. Go back to school. It will take time but the time will pass whether you go or not. I didn't go back to school and finish my BS degree until 9 years after HS, it was the best decision I've made yet (that's not saying much  ). Act with your future in mind, we don't get a "do over".
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| Just want to add: If your dad can't afford the new place without you, he shouldn't be moving there/buying it...in my opinion. Don't be offended but it seems he may be using your income to advance his plans while your best interests are being sacrificed. My 2 cents. |
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Thanks for all the good responses. It's like I said before, I hate to bring this about onto a forum but, Sometimes when you don't have friends locally, it's nice to hop on here and talk.
I'm indeed interested in a trade.. I'm no business an and I hate wearing suits. (Nothing against those of you who work in that field) I'd like to do anything from Industrial HVAC, Carpentry, Electrician, Heavy Equipment Operation, Or a Diesel Tech. I like to turn a wrench and I'm not afraid to get dirty. I've been talking to my Dad about this and he is 100% for it. He's not living off my money or vice versa. We pretty much split food and energy bills. I told him tonight that I need to get something going for myself education wise, So I can move on in life and have the opportunity to own some land and a nice house. I really don't have an issue sharing a place with a relative as long as both our names are not on it. What makes the situation akward is that, he has about 15 years to go before he retires and I have about 39 to go.... |
| I would say go to school. 2 years isn't that long in the scheme of things. If the place you are living in now is paid for that will help, and you can use the larger income from furthering your education to save for and buy what you want a few years down the road. |
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Just a bit of an update.....
My Dad is still hardcore all over this new place he wants. I keep telling him what I want to do versus what he wants to do. I told him that I want to go to school and move on in my life and that may include getting my own place. He then tells me that If I want to get back to a tech school, I can move out to support myself and then do whatever I please in basic terms.
Now, I love him to death as my father but, This is just getting to be ridiculous. 
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Quoted:
He then tells me that If I want to get back to a tech school, I can move out to support myself and then do whatever I please in basic terms. Then that is what you should do. He'll understand why you did it eventually. Don't let your father hold you back. That's my opinion anyway. |
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My #1 rule is never cosign for anyone and don't lend anyone money. If someone needs money, It won't come from me or it will be a gift from me.
You should move out of your dad's house. EDIT: It seems as though your dad is in control of your life. Your housing, your place of employment, and I'm sure there are other things you haven't mentioned. Cut some strings if you can. |