re: When did you buy your first house?

I was 31. Love being a homeowner, find a good starter home and build that equity. Just be sure you understand the out of pocket costs of buying a house.

At least you know you’re wrong.

I bought my first when I was 28.

I now have 2 paid for homes, one of which I lease. With interest rates where they are if you can buy you should.

Of course I’m a realtor, so I’m a little biased.

I bought my first house at 27.

$30k if you want to avoid PMI, although PMI isn’t the worst thing ever if you are still building equity. As long as you put down 20% you can avoid it, or you can pay an upfront fee to eliminate it. Some people swear not to buy a house unless you’re avoiding PMI but I differ on that, to me it was worth the extra 30 bucks a Month or so to be an owner instead of renting.

Back in 2018, we were 28. It was a no brainer. We worked hard to put 20% down. We love being out of an apartment.

This year. Between military moves and living in New Orleans, where we never wanted to live permanently, it was finally the right time to buy.

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How much would I be expected to put down on something like a $150K or so home?

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Depends. Are you doing conventional, VA or FHA? What's your credit looking like?

Usually, 10% to 20% down. I'm putting 20% down on a $250K piece of property that I close on on April 26th. The buyers for my property I'm selling are putting 10% down for my home at the selling price of $340K.

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How much would I be expected to put down on something like a $150K or so home?

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To answer your actual question and not give you advice on how much you "should" put down, you would probably be required to put down 5% or $7,500 at the minimum.

25. it was a condo after college and I wish I would have kept renting. I had the same mindset you did. I ended up losing almost 10k in equity because the complex went to shite, had break-ins, and newer houses popping up around it. Nothing that I could help. Had to sink more money into it than I was willing to fix shite.

Second house I bought with my wife at 28. New construction on 1/2 acre and the situation is much, much better.

If there's one thing I learned it's that people are really good at putting lipstick on a pig in order to wash their hands of it. So unless you're buying new construction, be ready to uncover issues and know how to fix them.