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Sounds good to me. Pay a small rent, save a bunch of money, and eventually add on to the house or buy a new house. I wouldn't recommend adding on to your parents' house right now, though. If you have to go into debt at the beginning of this deal, it's just going to set you back for the rest of the plan.
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"I'm disinclined to acquiesce to your request." - Capt. Barbossa
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