Should I rent or buy an apartment?
I am a 21 year old professional in the oil industry, income is £2000 – £3000 and I have no debt and £13000 in savings. However, I still live at my parents because I don’t have a secure location. The company might want me to move to Paris or wherever (Yet, I can turn them down and it will be for a management position where I don’t speak french and I look 18 years old). I just really wish to move out.
I’ve been single for a little while and I think the problem might be the ‘meet the parents’ about 1 week into dating. Anyway, enough rambling.
Pro – Buy house:
Investment and equity
Decorate it as my will.
Pro – rent apartment:
Gives me a lot of leg room to move about and break lease terms.
Don’t need to worry about my apartment while i’m on a contract.
Additional information:
I will be away from home for 6 months a year, on rotation 4 weeks on and off.
I don’t trust anyone enough to be a room/house mate and look after my property/apartment.
So, if you were in my position where you have a stable job and can live anywhere in the world, what would you do?
All constructive advice and insight welcome.









