re: How old were you when you became a homeowner?

I bought my first house as a single man at 22 back in 1974. It was a single shotgun house on a narrow lot in the Lower 9th Ward. It cost me a whopping $11K and needed work. I did the work over a 4 year period and sold it for $35K.

My second house was in N.O. East and it was a brick 2 story, 4 BR, 2 BA that set me back $54K.

My 3rd, and current house I bought in 92 for $55K, also needing a lot of work that I did myself over the next 3 years and can sell it now for $350K easily today if so inclined.

I do feel sorry for the younger generation trying to find their version of the "American Dream" of home ownership with the economy of today. No way I could do what I did back then in today's economy.

First house to live in at 42 I really didn’t want to buy the house bc it was during the 2020 lockdown. Thought to myself economy going to be shite for a while. But with a kid on the way, bought it, fixed it. At the time, I thought I was a bad idea. But looking back, it was a good and very lucky decision. Materials were still cheap, labor was cheap, interest rate was low. I don’t think we could afford the current house if we waited. Shows you how much I know about real estate and the economy.

29

Owned a condo in Memphis at 26 but sold it when I moved last year and now rent an apartment. I could afford to buy if I decide to.

29 in 2021

30 with a 6.5% rate. That was excellent at the time due to my degree.

27 bought a condo
30 first real house

33

31

It was 1982, so 24.