Ladididadi
Ladididadi t1_j1ydkyr wrote
Reply to I'm currently in college, and am struggling with whether to live in the dorms or in an apartment. Parents made a very generous offer and I don't know which one to pick. by Brilliant-Bed2876
This is definitely personal preference. Moving to an apartment was infinitely better for my sanity. No dorm rules, a living room and kitchen to hang out in, living with your friends were all huge benefits. Negatives included no dorm rules (loud roommates), leaky kitchen and terrible landlord, more space to maintain, travel to/from campus, easier to be secluded from school activities.
In my opinion, who you live with is make it or break it. Living with wonderful roommates will pay dividends in your future career, mental sanity, and friendships.
As an aside, $4,000 x 4 years is $16,000. Could you parents buy you a $9,000 car after you graduate which would equal to the $25k they are offering? Is there another reason they don’t want you in an apartment?
Ladididadi t1_j1yegyh wrote
Reply to comment by tabshiftescape in I'm currently in college, and am struggling with whether to live in the dorms or in an apartment. Parents made a very generous offer and I don't know which one to pick. by Brilliant-Bed2876
From mathematical standpoint, I agree.
From personal experience, I disagree. I would not trade my last 3 years of college in a dorm for a $25k car.
If you get a good job after college, you can afford to buy a $25k car relatively quickly. You may get a job offer in a city that doesn’t need a car. You probably don’t even need a $25k car but can make do with a $10k car.
Money comes and goes but living with great roommates in your own place for 3 years can’t be replaced. This is definitely ‘personal’ finance so definitely weigh all pro’s and con’s for each OP!