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When did you buy your first house and how much did it cost?
Posted on 9/2/26 at 1:45 pm
Posted on 9/2/26 at 1:45 pm
With all the affordability discussions that appear on this board, I thought it would be an interesting topic.
Purchased - 1992
House built - 1963
Size - 3/2/2 (probably about 1600 sf)
Cost - $63,000
Purchased - 1992
House built - 1963
Size - 3/2/2 (probably about 1600 sf)
Cost - $63,000
87
Posted on 9/2/26 at 1:47 pm to Ramblin Wreck
quote:
Purchased - 1992 House built - 1963 Size - 3/2/2 (probably about 1600 sf) Cost - $63,000
Believe that would be about $150k in 2026 dollars according to https://www.usinflationcalculator.com/
Avg interest rates were about 8.4.
OP, go look up that house from 1992. See how much it goes for now.
This post was edited on 9/2/26 at 1:51 pm
Posted on 9/2/26 at 1:47 pm to Ramblin Wreck
1992ish
$38,500
$38,500
Posted on 9/2/26 at 1:48 pm to Ramblin Wreck
2018
New build
211k
4/2, 1600 sq ft
New build
211k
4/2, 1600 sq ft
Posted on 9/2/26 at 1:49 pm to Ramblin Wreck
2003, 165k.
Posted on 9/2/26 at 1:49 pm to Ramblin Wreck
2003
$224,000
New house.
$224,000
New house.
Posted on 9/2/26 at 1:50 pm to Ramblin Wreck
2005 - $368,500 for a 2/2 condo. Hawaii.
Posted on 9/2/26 at 1:51 pm to Ramblin Wreck
86 we bought a cabin on a lake
10K owner financed at 16%, 10 year note
no banks lawyers or insurance requirements
sold it 15 years later to my neighbor for $10K cash
10K owner financed at 16%, 10 year note
no banks lawyers or insurance requirements
sold it 15 years later to my neighbor for $10K cash
Posted on 9/2/26 at 1:51 pm to Ramblin Wreck
2000- House was new.. it cost me 105,000
Posted on 9/2/26 at 1:51 pm to Ramblin Wreck
2010
$265k
2400 sq ft 3/3
Built in 1932
$265k
2400 sq ft 3/3
Built in 1932
Posted on 9/2/26 at 1:52 pm to Sho Nuff
1996
$60,000
3/2, 1750 sq ft
$60,000
3/2, 1750 sq ft
Posted on 9/2/26 at 1:53 pm to Ramblin Wreck
2010
2 bedroom house. 1300 sqft
$100k
Sold in 2025 for $150k.
I rent for the time being.
2 bedroom house. 1300 sqft
$100k
Sold in 2025 for $150k.
I rent for the time being.
Posted on 9/2/26 at 1:54 pm to danilo
quote:
Believe that would be about $150k in 2026 dollars
It was about 1 1/2 years of salary as an engineer almost three years out of school. I don’t know what young plant engineers make today, but the same ratio might not be far off.
Edit -
quote:
OP, go look up that house from 1992. See how much it goes for now.
Per Zillow - $257K
This post was edited on 9/2/26 at 1:57 pm
Posted on 9/2/26 at 1:54 pm to Ramblin Wreck
quote:
Purchased - 1992
House built - 1963
Size - 3/2/2 (probably about 1600 sf)
Cost - $63,000
Purchased in 1993.
I was 27.
2/1 garden home in the Ascension Parish
Approx 1000 sf
Covered Carport with a smallish yard.
Paid $45K
Loved that place. I was single. Had easy access to both NOLA, BTR and I12 to get to MS where I worked 50% of the time.
This post was edited on 9/2/26 at 2:08 pm
Posted on 9/2/26 at 1:55 pm to Ramblin Wreck
1973 - $41K
1981 - $67K
1992 x $161K
Current value about $400K +/- change
1981 - $67K
1992 x $161K
Current value about $400K +/- change
Posted on 9/2/26 at 1:55 pm to Sho Nuff
1995 or so. 38k for small brick 2br 1bath. needed about 15k work to move in.
Posted on 9/2/26 at 1:55 pm to Ramblin Wreck
1997...$117K
House note was $709 a month...
Sold it in 2010 for $180K
1140 2bdrm, 1 bath.. Perfect batcher's pad.
Built in 1948, re-modeled a few times, last was in 1992...
House note was $709 a month...
Sold it in 2010 for $180K
1140 2bdrm, 1 bath.. Perfect batcher's pad.
Built in 1948, re-modeled a few times, last was in 1992...
This post was edited on 9/2/26 at 1:57 pm
Posted on 9/2/26 at 1:55 pm to Ramblin Wreck
Like $200k in 2010
Posted on 9/2/26 at 1:55 pm to Ramblin Wreck
2007 - $87,000
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