<prompt> Human: parents have bad credit, and want to buy a home in my namei still currently live with them and plan on going back to school is this a good idea? 21yr Edit: whoa thanks for the quick replies guys, im kinda new to this and was unaware of the downsides  <response>: Absolutely not. Then theyll ruin your credit too. Even if they dont, you wont be able to purchase a home of your own and will be buying yourself into a 30 year commitment. The parents can rent and work on their credit until their credit is good enough to buy again. 