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Okay, I'll be getting married and starting med. school this year so most you know what that means- my hubby will have to support me! My mom offered us her basement for $500/month. Sounds good right? And since I'm an only child, the house will eventually become mine later on. But....the basement is pretty ugly and well, basementy. In order to fix it up and make it nice and livable, it's going to cost us about $10,000 +/- $1000. My fiancee is scared about getting ourselves into so much debt so early on in our marriage...especially since I won't be contributing any income for another 4 years. So now he's thinking that just renting out somewhere else would be a better idea. Here in chicago nice one-bedrooms can easily cost you $900/month.
What do you guys think? Mom's basement with nice rent but lots of sudden debt (house will be mine in the future for sure) or just rent normally?
Thanks!
What do you guys think? Mom's basement with nice rent but lots of sudden debt (house will be mine in the future for sure) or just rent normally?
Thanks!
