- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: When did you buy your first house?
Posted on 3/30/21 at 4:36 pm to SCgamecock2988
Posted on 3/30/21 at 4:36 pm to SCgamecock2988
Trying to figure this out now. Live in New Orleans, Never owned, 34 years old, not married, no kids. Have $125k to put down, salary about $100k. Throwing away money on rent for too long. To be honest, not looking for a “home” where i’ll host Thanksgiving anytime soon. Like my life simple life. Might look for a small condo soon.
0
Posted on 3/30/21 at 5:20 pm to SCgamecock2988
quote:
I just know I'm getting fleeced staying here though.
Are you?
You won't have any kids to pass a house on to so what do you really gain from having a house in the grand scheme?
Posted on 3/30/21 at 6:06 pm to SCgamecock2988
quote:
I just know I'm getting fleeced staying here though. But if I got a house I think I'd finally get a dog
I live in an apartment and I'm fine with it, but this is 100% the only reason why I'd ever get a house right now. I really want to get a dog right now, but I don't think it would be right to get one and have it live in an apartment with no backyard, unless I get a really really small dog which I wouldn't do.
Posted on 3/30/21 at 6:14 pm to SCgamecock2988
26
We have owned 5 and made pretty good money on every one.
We have owned 5 and made pretty good money on every one.
Posted on 3/30/21 at 6:15 pm to SCgamecock2988
Age 24, then covid hit a few months later, been barely staying afloat but starting to get things back together
Posted on 3/30/21 at 6:25 pm to SCgamecock2988
1991, was 31 years old, older house,semi rural on 2 acres. 15 years ago, bigger newer house, more rural 12 acres
Posted on 3/30/21 at 6:45 pm to Jor Jor The Dinosaur
Bought a lot outside of Dallas for 35k cash when I was 25 with the intention of building. Hurricane hit Houston and builder flaked but property value exploded and sold it for 75k when I was 27. Bought first house with 75k down the next week.
Will probably give away all equity when rates go up though.
Will probably give away all equity when rates go up though.
Posted on 3/30/21 at 6:48 pm to Eighteen
quote:
So $29.5K to live in a four bedroom house with yard for 5 years vs $71k to live in a two bedroom apartment for 5 years (and this is assuming no rent increases for 5 years)
Owning > renting if only because you can do what the hell you want to your home and property (Unless you live in an HOA)
Posted on 3/30/21 at 6:54 pm to SCgamecock2988
Bought my first house 7 months ago at age 38. I was looking at apartments but apartments are ridiculously expensive, even mediocre ones. My house note is less than what I would have paid in rent per month.
In many cases, a house note is less than rent. I don’t understand the dynamics of it. Like how can places charge $900 a month for a mediocre 1 bedroom apartment when a house note can be $800? How do these places fill up their apartments?
I bought a 3 br, 1486 sq ft house for 130k, 20% down payment(this is the biggest obstacle in home ownership), and I pay $745 per month. That’s including flood and homeowners insurance.
In many cases, a house note is less than rent. I don’t understand the dynamics of it. Like how can places charge $900 a month for a mediocre 1 bedroom apartment when a house note can be $800? How do these places fill up their apartments?
I bought a 3 br, 1486 sq ft house for 130k, 20% down payment(this is the biggest obstacle in home ownership), and I pay $745 per month. That’s including flood and homeowners insurance.
Posted on 3/30/21 at 6:55 pm to SCgamecock2988
25. It was a garden home in a great neighborhood. It was a good mix of young couples and retirees that had downsized.
Posted on 3/30/21 at 6:56 pm to SCgamecock2988
27
Posted on 3/30/21 at 7:08 pm to SCgamecock2988
25
I was making oilfield cash. Paid it off in 5 years and bought two more. Currently working my way into being a slum lord.
I was making oilfield cash. Paid it off in 5 years and bought two more. Currently working my way into being a slum lord.
Posted on 3/30/21 at 7:10 pm to SCgamecock2988
Turn Thirteen
Baltic Avenue
Replaced it with a Hotel.
Baltic Avenue
Replaced it with a Hotel.
This post was edited on 3/30/21 at 7:12 pm
Posted on 3/30/21 at 7:14 pm to SCgamecock2988
I was 24 and put 0% down. Made a great ROI from a $90K condo that didn't flood in 2016.
Posted on 3/30/21 at 7:23 pm to SCgamecock2988
24
Still in it. My area is super hot right now, and this home would cost probably 40% more now than when I bought it.
Pretty good situation. Relatively low note in a desirable area.
Still in it. My area is super hot right now, and this home would cost probably 40% more now than when I bought it.
Pretty good situation. Relatively low note in a desirable area.
This post was edited on 3/30/21 at 7:26 pm
Posted on 3/30/21 at 7:24 pm to SCgamecock2988
Age 22 bought first house. Age 23 bought first investment property early 30s in my second house after selling the 1st six years ago
This post was edited on 3/30/21 at 7:26 pm
Posted on 3/30/21 at 7:26 pm to SCgamecock2988
25. I bought a new house in Springlake subdivision off of Bluebonnet. Lived there for 3 years.
Posted on 3/30/21 at 7:28 pm to SCgamecock2988
I was 34.
Sold at 39.
Bought another at 42.
Sold at 39.
Bought another at 42.
Posted on 3/30/21 at 7:32 pm to SCgamecock2988
23, had a kid and wife. 1295sq house for 69k. Sold it six years later for 90k. I really miss that $415 a month note.
Posted on 3/30/21 at 7:37 pm to Undertow
quote:
I bought a 3 br, 1486 sq ft house for 130k, 20% down payment(this is the biggest obstacle in home ownership), and I pay $745 per month. That’s including flood and homeowners insurance.
Where?
Page 7 of 8
Popular
Back to top
Follow TigerDroppings for LSU Football News