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female
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*una~
writes:My boyfriend and I both decided to live together very soon. He used to have a high paying job, but he has decided to go back to school for 4 years. I still live at home right now. My boyfriend said he might not be able to help with money while he's at school. He said he would rather get it done quicker and then earn big money after that. I do have savings right now. Is it smarter to rent for now or buy a house? I'm scare our living will end up in a disaster because of money.
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female
reader, Reebe  +, writes (8 January 2007):
 I would carry on living at home save up some money so that you can put a deposit down to make your repayments lower and to buy nice things for your new home! By little things for your home together so he still knows your committed. If you really want to move out together then I would rent somewhere, cheap, it will only be for a few years so your not eating into your savings and you get time to pick the house that you really want.
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female
reader, eyeswideopen  +, writes (8 January 2007):
 Yuna, look at your previous question for my reply.
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female
reader, dragonette  +, writes (8 January 2007):
 You would pay for the two of you while your boyfriend goes through high school? You're very brave =)
I would recommend to rent, as it won't make you get stuck in a a huge loan if you should loose your job.
But, I have never taken a loan and I don't know what the conditions are in the US for this, so maybe you would get better advice from other people around here.
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reader, anonymous, writes (8 January 2007): It would be best if you could live at home and save money living with your parents and he do the same....until you are ready to get married I would not advise living together just so you can have privacy and convenience.
There is something about living together that does not work well for relationships, it is not a trial marriage and can negatively affect the success of your marriage to boot, studies have shown this conclusively.
If you want to move out, keep seperate living quarters and rent, you don't want the added responsibility of house hold maintenance and repair until you have a good job and can afford to put a large down payment on a house at least 20% so you don't waste money on PMI, which you do not recover on the sale of your home.
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