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Undecided re moving out

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  • 23-02-2005 5:17pm
    #1
    canavanbn@hotma
    Closed Accounts Posts: 107 ✭✭


    I'm 22 living at home and want to move out.
    The only problem is that while I now want to move out and become independent I would like to travel later on perhaps around 25/26, after I've established myself some more career wise.
    The crux of my problem is that I have this fear of being 'trapped' ie I buy a place and live in it paying off the mortgage for three years and then become unable to travel due to the burden of the mortgage.
    Ideally, I'd like to rent the place out over a 12 month period while i'm away and I'm wondering if this is practical?
    Have any of you guys done something similar?
    Travelled for a long time (ie 12 months) while holding down a mortgage, how did you cope with the mortgage repayments?
    The other suggested solution I was given by a friend, is to rent a bedsit for a year or two as I get set up on my feet work wise and then travel safe in the knowledge that there is no burden of a mortgage back home.
    What do you guys think, will buying a place now prevent me from travelling to Australia or Asia in three or four years time?
    Thanks


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    #2
    eth0_
    Registered Users Posts: 10,846 ✭✭✭✭eth0_


    Course it's practical, if you wanted to be extra safe you could go through a reputable lettings agency who will take the fall if the tenants they put in your house wreck the place or don't pay the rent.

    A mortgage isn't a 'trap', and you're better off getting a house as soon as you can afford one, I reckon


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