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Ask HN: Have any of you moved back home to save money?

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Re: Ask HN: Have any of you moved back home to save money?

#161

Post by cityzen »

flycaliguy wrote: post #153

Try what I believe will become a common practice in the next ten years. Buy your parent’s house, they keep the cash on the condition they build a secondary detached dwelling in the yard. Aka granny suite. It’s a great deal, you get a house with a separate apartment. When they pass away, it’s an income property at no expense to you. Plus they help raise your kids while you help them in old age.

haha, is this sarcasm? as a father of 2 this sounds like an incredibly insane and entitled plan. You do realize that older folks also look at their homes as investment vehicles for their own retirement, right?

Re: Ask HN: Have any of you moved back home to save money?

#162

Post by ryandrake »

My Bay Area tech company is likely WFH due to Corona until as late as next February. I question daily why not immediately move to a lower COL town, at least until then? If I was single and renting, I already would have gotten out of here, but it's slightly more complicated/difficult with a family and mortgage and a house to sell.

The two reasons I can think of not to move:

1. End of WFH happens, and Company says, "Well everyone, back to the office! Now I'm screwed and have to move back to the Bay Area or quit. Bringing me to...

2. If I had to look for a new tech job in Nowheresville, USA, how many months (years) would it take?

Unfortunately, working in tech tends to handcuff you to the expensive Bay Area or other expensive hubs. If it weren't for these areas' relatively secure pool of jobs to choose from, there's no way I'd choose to live here.

Re: Ask HN: Have any of you moved back home to save money?

#163

Post by throw51319 »

grawprog wrote: post #160

Yeah, I did this in November, quit my job of 5 years that I loved doing, left the city and moved back with my dad. Timing probably couldn't have been better. Would have sucked hard being out in the city during this covid stuff. I've had a few jobs since moving back, none have been as good or even as enjoyable, i've managed to keep working fairly consistenly though. So far i've managed to save more money over 6 months…

Damn that's crazy. So were you living almost paycheck to paycheck in the city?

Yeah I don't think it's that worth it once you've had your share of the "city experiences". Esp now with corona, makes no sense i think.

Re: Ask HN: Have any of you moved back home to save money?

#164

Post by frosted-flakes »

kamyarg wrote: post #106

This is maybe a bit too personal, but unfortunately I am not allowed to leave my country if I go back because of my mandatory military duty, the one which I do not plan to waste 2 years of my life on. I miss my family and the city in general, our orchard and the foodporn-quality fruits such as peaches with skin that peels just like butter, sometimes I just question if it is all worth it. And probably is, but it feels…

Does that mean you're never going back? I would find it difficult to never see my family again.

Re: Ask HN: Have any of you moved back home to save money?

#165

Post by grawprog »

throw51319 wrote: post #163
grawprog wrote: post #160

Yeah, I did this in November, quit my job of 5 years that I loved doing, left the city and moved back with my dad. Timing probably couldn't have been better. Would have sucked hard being out in the city during this covid stuff. I've had a few jobs since moving back, none have been as good or even as enjoyable, i've managed to keep working fairly consistenly though. So far i've managed to save more money over 6 months…

Damn that's crazy. So were you living almost paycheck to paycheck in the city? Yeah I don't think it's that worth it once you've had your share of the "city experiences". Esp now with corona, makes no sense i think.

Not quite, but almost. I had about a month's savings. So about two pay cheques at any time in the bank. I've had more or less at any point in time but about that on average, i've almost tripled my savings since then and I haven't been that careful or anything. It's just been the cheaper rent it went from $1600 between two people to $600 between two people, less than half of before, cheaper food and savings in travel expenses. I still ended up traveling at least an hour or more to and from work each day. The cost of my commute has gone way down.

Re: Ask HN: Have any of you moved back home to save money?

#166

Post by Spooky23 »

My wife and I did this in 2005/6.

Best thing that we ever did. We had a great time with her parents and were able to save for a significant down payment, which saved us a fortune.

We went a step further and moved to the provinces. Whatever excitement we lost in NYC is made up for by a better life in almost any measure.

If you really go to hacker meetups/etc, you may lose something, but I find most people like the idea of doing that more than the doing.

Re: Ask HN: Have any of you moved back home to save money?

#168

Post by WarOnPrivacy »

In my home are 6 males over 18, me and my 5 sons. Three of us work FT & it's just enough to keep our head above water.

One son just graduated HS & will enter his final year of trade school this fall. His twin is entering his senior year of HS.

During most of the post-2008 recovery (that news orgs endlessly crowed about, especially after 2012) we ate rice, being unable to afford beans or anything else. Some days we ran our of rice.

From my perspective, most of the recovery was limited largely to shareholders & wealthy metro areas.

I don't fault or credit any PotUS for terrible years or less terrible years. I do, however, hold some lingering resentment for news orgs that stayed resolutely out of touch with all but select sq mi of the US. It's hard to not feel they earned whatever oblivion they may find themselves staring into.

Re: Ask HN: Have any of you moved back home to save money?

#169

Post by [deleted] »

frosted-flakes wrote: post #164
kamyarg wrote: post #106

This is maybe a bit too personal, but unfortunately I am not allowed to leave my country if I go back because of my mandatory military duty, the one which I do not plan to waste 2 years of my life on. I miss my family and the city in general, our orchard and the foodporn-quality fruits such as peaches with skin that peels just like butter, sometimes I just question if it is all worth it. And probably is, but it feels…

Does that mean you're never going back? I would find it difficult to never see my family again.

[deleted]

Re: Ask HN: Have any of you moved back home to save money?

#170

Post by jkachmar »

throw51319 wrote: post #159
jkachmar wrote: post #156

Earlier quoted context omitted.

No rent increase + 1 month free (July) + a discount on one month’s rent (August). Amortized over the full 12 month term, it effectively knocks a few hundred dollars per month off of a (very small) one bedroom apartment (with an in-unit washer/dryer!) in lower Manhattan.

You think staying in Manhattan is going to be worth it during the fall/winter? Basically nothing to do besides order takeout and walk around, bad weather. No big concerts, etc.

I’m gonna be honest this is difficult to parse.

I’ve lived here for nearly 5 years now, and it sounds like you’re kind of describing Manhattan in the winter nearly any year. I’ll likely do most of the things I’d do anyway, except I’ll be wearing a mask for most of them.

I dunno, I guess I just enjoy my neighborhood and I’m putting a significant portion of my income into savings while still living here so why would I move?

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