<prompt> Human: Some background;I am a 22 year old student living in southern Texas and will be graduating as a civil engineer this Fall. I currently live with my parents not paying any rent, but I do pay my for my 2014 car which will be paid off in about 2 years, and I have a job lined up in the area paying in the range of 50-60k. I have no debt, and a small 4k fund saved up.My parents I have a very good relationship with them own a 3bed2bath house that is valued at 100k, and they have paid off about 60 of it. They have decided to move to a new house early next year.They are offering that I take over the old house when they move to the new house, and I will get to keep the house when it is paid off. The mortgage and bills would come out to like 1000 a month. The house is on track to being paid off in anywhere from 5-10 years depending how aggressive I pay it off. I plan to stay with my job in the area for the long term.If I didnt do this, I would end up buying an apartment which would end up being like 1200-1400 in my area.So my question is just; should I take up this offer?  <response>: Yes, this sounds amazing. If you think about it their 60k equity is basically a giant giant down payment. It would take you a really long time to save up that much for a down payment on your own and also by the time you did real estate would likely be more expensive. In 5-10 years youll have a big asset and can keep it or sell it and the proceeds will help you get your dream home. 