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Started By
Message
re: How old were you when you became a homeowner?
Posted on 11/6/24 at 9:27 pm to lsuoldft
Posted on 11/6/24 at 9:27 pm to lsuoldft
quote:
Rented until I paid cash for my first home at 32 years old.
If you had bought, you would have been making equity during that rental time, along with appreciation. This was a terrible plan.
I bought my first at 21. 109k brand new. Needed nothing but grass. Upgraded a few times and became debt free at 38. My oldest owns a home at 19 (with some help) and my others will do the same. I’d rather start them off with equity and a jumpstart on life than leave it to them when I die and they don’t need it. It amazes me how old most of you were back when it was easy. This generation is screwed without help.
0
Posted on 11/6/24 at 9:29 pm to SaintlyTiger88
28
Posted on 11/6/24 at 9:30 pm to SaintlyTiger88
25
This post was edited on 11/6/24 at 9:30 pm
Posted on 11/6/24 at 9:30 pm to SaintlyTiger88
First house at 24.
Built a house at 28.
Bought 20 acres with a house we intend to tear down and build again at 35.
Built a house at 28.
Bought 20 acres with a house we intend to tear down and build again at 35.
Posted on 11/6/24 at 9:35 pm to SaintlyTiger88
27 when we offered, 28 when we closed and moved in
Posted on 11/6/24 at 9:38 pm to SaintlyTiger88
34 and got lucky because I had no money and the company I worked for at the time was a large property management company. They gave us 7 percent off of the lot and 10 Pete Mr of of the house. The bank used that as my down payment. I got really lucky because it’s not easy to save a down payment with family. Almost impossible unless you’re killing it.
Posted on 11/6/24 at 9:48 pm to SaintlyTiger88
quote:
One report said the average age is mid-fifties (sorry, forget where I saw that).
You read that on here. I could be mistaken, but I believe that’s just the average age of a homebuyer today. I don’t think that means it was the first time they bought a home. Someone in their 50s might be buying the third home. They would still be considered in that average,
Posted on 11/6/24 at 9:57 pm to MMauler
I saw the same article and it did say first time home buyer. I bought my current house at age 30. In ten years it has more than doubled
Posted on 11/6/24 at 10:02 pm to SaintlyTiger88
22 years old but it was only $111k.
Posted on 11/6/24 at 10:03 pm to SaintlyTiger88
27
Posted on 11/6/24 at 10:10 pm to SaintlyTiger88
25/26
Posted on 11/6/24 at 10:12 pm to SaintlyTiger88
21
Posted on 11/6/24 at 10:12 pm to SaintlyTiger88
26
Posted on 11/6/24 at 10:12 pm to bayouvette
Mine was 66K. Pville
Posted on 11/6/24 at 10:15 pm to SaintlyTiger88
I was 20..
Posted on 11/6/24 at 10:16 pm to SaintlyTiger88
30 for me
Posted on 11/6/24 at 10:28 pm to SaintlyTiger88
25
Bought a tiny house for $125,000 in Baton Rouge.
Upgraded twice in BR before moving out west.
On my third house out here.
So, I've owned 6 houses thus far.
Dream is a cabin on 10-15 acres.
Bought a tiny house for $125,000 in Baton Rouge.
Upgraded twice in BR before moving out west.
On my third house out here.
So, I've owned 6 houses thus far.
Dream is a cabin on 10-15 acres.
Posted on 11/7/24 at 3:22 am to SaintlyTiger88
22, purchased a new construction home in Pville for $103K. Sold it less than 2 yrs later for $115k and built my current home.
Posted on 11/7/24 at 4:23 am to SaintlyTiger88
23 for me
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