Ya know there is some pretty smart people on your forum when you come to the forum to ask a question first ! Anyway, here's my current situation:
Live in a 1BR apt, $485/month everything included except for electricity. Pretty nice situation, except I feel I am starting to outgrow this thing now that my gf moved in. I have no debt other than the truck payment, which is $400/month but I pay extra. 12% going into the 401k.
Here is my current dilemme:
Option A) My parents just finished building a house, so their late 70s model single-wide trailer is now up for sale. It's about 800sf and has been remodeled minus the bedroom. It's about 5 miles closer to work, out of traffic's way, and closer to EVERYONE. Like literally, closer to friends and family. I can buy this jewel for $5k right now, pay $225 lot rent which covers water, sewer, trash. Live there for a couple years, save up some more, sell it (while making a profit) and put a huge downpayment on a house.
Option B) Stay where I'm at, save up for another year or so or less, and buy a house. I could easily buy a house right now, but there isn't much out there at the current moment and I want to put about 20% down on it.
I think both options have their own advantages/disadvantages. I like being able to have some more room and privacy for a couple years by moving into the trailer. But the disdvantage is I'll have to move 2 times in the next few years and have to sell the trailer at some point. So, what do you gurus think?!?!