I'm a 20 year old full-time college student with a part-time job (making VERY little). Currently, I live with my parents and everything works out fine. I have a full-ride scholarship and don't have any student loans. In addition, I've saved about $21,000 in various money markets, mutual funds (Janus and Franklin Templeton), and savings accounts. If we bought a home, my parents would totally help me with bills, mortgage payments, etc, plus they would get a tax break (second home).

We're in no rush to purchase a home, but what would you all recommend considering my situation? Wait a while and stay at home? Keep saving? Purchase a house or townhouse (which one?)? Rent?

Oh yeah, the price range we're looking at is between $50,000-100,000 for a small home. Also, we live in a safe area with a good school district where homes tend to appreciate.

Thanks for your advice.