re: When did you buy your first house?

26. Stop waiting.

Just a few months ago. I’m 30. 5 bedroom 3 bath.

We wrote a check for it. No mortgage

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Reading OP is like watching someone argue with themself. Let me know who wins. House/dog guy or apartment/bar guy.

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We wrote a check for it. No mortgage

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I so wanted to do this

I put in a cash offer on a $150K property, but the seller went with someone in the local area instead of me. Even offered $155K and he declined. I'm so fricking salty about it and will be that way a long time

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Just a few months ago. I’m 30. 5 bedroom 3 bath.

We wrote a check for it. No mortgage

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Ya, but aren't you the one with the catfish empire?

I was 21 years old. Purchased a mobile home. Then sold it 3 years later and made the down payment on a real house at age 24.

I was 21 when I bought my first house-shotgun on Perkins Road in Garden District. My single mom had rented my entire childhood and I had sworn not to do that. Sold it for a 59.7 percent profit 6 years later and bought a bigger house.

26

too many variables...as a single dude with no responsibilities renting is a good option because you can invest your money and still be flexible to move and change jobs whenever you want and further your career

buying makes sense when you have the cash to put down and you know you’re staying for at a minimum three years but ideally 5+ ... higher interest up front on loan, realtor fees to sell, maintenance items, etc. all add up, but that cost gets spread out and works to your advantage over the years while the house also, in theory, appreciates in value

there’s no right answer. If you’re in a good area and a good market and you don’t see yourself moving for 5 years, I’d look into buying a starter home or condo just because rates are so low. Do the math and see if it works out.

Cost of rent + renters insurance * 60 months = 5 year renting cost

Cost of mortgage origination fees + 5 years of loan interest + house insurance + property taxes + home improvements (varies per year depending) + realtor fees when you sell - home equity gained = 5 year home owner cost

22 - put our "wedding" money into a new home. Then we saved for the wedding. Bought a 1,400 sf house (brand new) for $89,900 in 2000.