re: As an adult, on your own, how many times have you owned a house?

Posted by High C

viewing the fall....

Member since Nov 2012

57353 posts

Posted on 10/20/24 at 2:56 pm to Will Cover

Three, including my current home which is completely paid off.

Posted by JumpingTheShark

America

Member since Nov 2012

24212 posts

Posted on 10/20/24 at 2:57 pm to Will Cover

Two, I’m on the younger side tho and I call my current home my forever home. Probably bought too much house but I am not convinced that nice houses in the neighborhood we wanted will ever be affordable again so bought right before the interest rate rise in 2022 and just staying put my whole life.

Posted by tiger91

In my own little world

Member since Nov 2005

39236 posts

Posted on 10/20/24 at 3:15 pm to Will Cover

3 homes .. first in BR
Second south of Lafayette
Third and final neighborhood behind our old one but much quieter and nicer.

Posted by 777Tiger

Member since Mar 2011

82735 posts

Posted on 10/20/24 at 3:16 pm to tiger91

quote:
south of Lafayette

subtle, real subtle

Posted by Rick9Plus

Baton Rouge

Member since Jul 2020

2219 posts

Posted on 10/20/24 at 3:17 pm to Will Cover

First house for 6 years, this (my second) for almost 15. Haven’t owned either free and clear.

Posted by geauxbrown

Louisiana

Member since Oct 2006

22406 posts

Posted on 10/20/24 at 3:21 pm to Will Cover

Four

Posted by retooc

Freeport, FL

Member since Sep 2012

7784 posts

Posted on 10/20/24 at 3:26 pm to Will Cover

I've owned 5 total houses over the years.

2 currently.

Posted by andouille

A table near a waiter.

Member since Dec 2004

11101 posts

Posted on 10/20/24 at 3:26 pm to Will Cover

I'm 75, we're in our 4th house, owned no. 2 and 3 outright, when I bought the house we're in now, the interest rate was 2.65%, I figured it would be dumb at my age, 66 at the time, not to get a mortgage and get all that nice liquid cash. I walked away from the closing with $300K on a house worth $750K, and a small note. Like winning the lottery.

Posted by Kim Jong Ir

Baton Rouge

Member since Jan 2008

54043 posts

Posted on 10/20/24 at 3:30 pm to andouille

quote:
when I bought the house we're in now, the interest rate was 2.65%, I figured it would be dumb at my age, 66 at the time, not to get a mortgage and get all that nice liquid cash. I walked away from the closing with $300K on a house worth $750K, and a small note. Like winning the lottery.

Yep. It is almost like free money. I have about 3 years left on a 2.875% mortgage and I'm in no hurry to pay it off. My money is better spent elseswhere.

Posted by Bryno1960

Off River Road

Member since Aug 2013

2909 posts

Posted on 10/20/24 at 3:31 pm to Will Cover

Once and never again.

Posted by 777Tiger

Member since Mar 2011

82735 posts

Posted on 10/20/24 at 3:32 pm to Kim Jong Ir

quote:
when I bought the house we're in now, the interest rate was 2.65%, I figured it would be dumb at my age, 66 at the time, not to get a mortgage and get all that nice liquid cash. I walked away from the closing with $300K on a house worth $750K, and a small note. Like winning the lottery.

Yep. It is almost like free money. I have about 3 years left on a 2.875% mortgage and I'm in no hurry to pay it off. My money is better spent elseswhere.

real estate is where "normal people" can get wealthy, or at least very comfortable

Posted by Epic Cajun

Lafayette, LA

Member since Feb 2013

35185 posts

Posted on 10/20/24 at 3:37 pm to Will Cover

One house for me, refinanced in 2020 to get my rate down to 2.75% on a 30 year. No clue if we’ll stay forever, but it’s big enough for us to grow into and in a good neighborhood. Don’t really see us moving unless something drastic happens with our finances, or if rates get down below 4 again.