I live with my mom, she owns the home outright. Me however, I probably won't own a home until she passes away. I have amazingly bad credit and have never bothered to try and buy a home because I knew that on the type of jobs that I tend to get, that I can't afford to rent, so I wouldn't try to buy either.
Besides, my mom is getting older and my sister isn't around to help take care of her, so it's more expedient for us to live together. She fell down last year when I was renting a different place and managed to get to her phone to call me and tell me to come bring her to the hospital, I had to carry her to the car and into the ER. She was fine, just really bruised but it gave me a scare at the time, so when my lease was up, I moved back in to keep an eye on her.
People give me guff for it, but it's actually normal for parents and kids to live together in like everywhere aside from the US. I knew a Muslim guy once who flew into a conniption when I told him I had moved out of my mother's house. He was all like "YOU MOVED OUT AND LEFT YOUR MOM ALONE?" Because he was in his thirties and lived with his parents and grandparents, as was normal in his culture. That got me thinking: we are commanded to "honor our parents" but too often, we are taught by society to treat our parents as a burden and then are told that we should just box them up in an ALF somewhere and only come by to visit once in a while, as we go about with our seemingly important lives. That doesn't sound much like "honoring your parents" to me.
