DP and I looked into buying a home 6yrs ago. He was doing FIFO and making great money and we had alot of savings. We decided against it and about a month later his job lost the contract he was working on and he was out of work for 6months. We would have been absolutely screwed if we bought that place. We drive past it alot on our way to a particular family members house and we always say the best decision we ever made was to not buy that house.
I am fully prepared and expecting my son to have to live at home with me well into his 20s...housing prices are just bloody stupid and rentals are getting harder and harder to come by and are coming with more and more restrictions......like no pets....think there was a thread made about hiding pets in order to be able to get a place..hmm...anywho, I want my son to be financially set and have a good job and blah blah blah but I do honestly expect to have him living in my home well past the age that most of my generation moved out of home (16-20).