How Old Were You When You Purchased Your First Home? - Page 3

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[ARCHIVED THREAD] - How Old Were You When You Purchased Your First Home? (Page 3 of 4)

Posted: 2/7/2022 10:30:05 PM EST

[#1]

33. Would have been 25 but my dad convinced me to loan him the money I had for a down payment so he could keep one of his businesses afloat. Signed a contract with the company that he'd pay me back within 6 weeks with 5K on top. 6 weeks passed, no money. Turns out he declared bankruptcy on that business and he told me I'd have to take it up with the bankruptcy judge. Anyway. Had to start all over from scratch after that. Took a few years but I'm still in the same house I bought in 2001 and I love it.

Posted: 2/8/2022 1:30:08 AM EST

[#2]

Quote History

Quoted:
33. Would have been 25 but my dad convinced me to loan him the money I had for a down payment so he could keep one of his businesses afloat. Signed a contract with the company that he'd pay me back within 6 weeks with 5K on top. 6 weeks passed, no money. Turns out he declared bankruptcy on that business and he told me I'd have to take it up with the bankruptcy judge. Anyway. Had to start all over from scratch after that. Took a few years but I'm still in the same house I bought in 2001 and I love it.

View Quote

Sounds like my in laws.

Posted: 2/8/2022 1:32:15 AM EST

[#3]

33 and Lord I wish I hadn’t.

Posted: 2/8/2022 1:34:40 AM EST

[#4]

26 for first one and 44 for second one.

Posted: 2/8/2022 1:40:57 AM EST

[#5]

Month shy of my 20th birthday. 2bd, 1ba, ~900 sq ft, new construction in California, in 1999. $87k (really!). I made $35k/yr at the time. Interest rate was like 7.25%, IIRC. Mortgage payment with taxes, insurance and all that was about $800, if memory serves.

I furnished it with folding chairs for like a year, because I was so broke.

Posted: 2/8/2022 2:00:18 AM EST

[#6]

I was 24, and bought a $235k townhouse in Hawaii.

Posted: 2/8/2022 2:10:08 AM EST

[#7]

Cash at 19. 2003. Mortgage for the second one at 25.

Posted: 2/8/2022 2:29:27 AM EST

[#8]

Quote History

Quoted:
33 and Lord I wish I hadn’t.

View Quote

Go on....

Posted: 2/8/2022 2:43:35 AM EST

[#9]

25, used a VA loan.

Posted: 2/8/2022 3:29:45 AM EST

[#10]

24-1/2.

Didn't think it would happen, but we made it work. Small house on a decent sized piece of property in a good school district. We've expanded on it twice.

Pretty happy with it except I wish we had a basement, but the water table in my area won't allow it.

Posted: 2/8/2022 3:40:38 AM EST

[#11]

29 years

Posted: 2/8/2022 3:56:55 AM EST

[#12]

27 and it was way too much house, would not even want over 1500sqft now much less 2500sqft

Posted: 2/8/2022 6:21:25 AM EST

[#13]

25.

Posted: 2/8/2022 6:25:36 AM EST

[#14]

44.

Posted: 2/8/2022 6:26:51 AM EST

[#15]

GD: I bought my first mansion at 18, paid cash.

Posted: 2/8/2022 6:31:12 AM EST

[#16]

I never have. Work bounced me around until I was 28 or so, then I had a roommate until I moved in with my now wife who already owned the home.

We did refi it together, not sure that counts toward OP's question.

Posted: 2/8/2022 6:43:23 AM EST

[#17]

24, and I'm a millenial

Posted: 2/8/2022 7:00:28 AM EST

[#18]

23 years old. Bought a nice 3BR, 2bath, bi-level on a corner lot in a nice neighborhood for $23,000.

Posted: 2/8/2022 7:04:04 AM EST

[#19]

30 years old with a VA loan. I couldn't imagine some of the people here saying 18, I knew no one when I was 18 who owned their own home who didn't inherit it. My son bought this condo in Hawaii at 19 so times change I guess.

Posted: 2/8/2022 7:10:30 AM EST

[#20]

I think I was 23. It was about 9 months before we got married and lived there 4 years.

Posted: 2/8/2022 7:13:36 AM EST

[#21]

I was 22

Posted: 2/8/2022 7:15:00 AM EST

[#22]

24.

Posted: 2/8/2022 7:45:03 AM EST

[#23]

33 with a VA loan

Posted: 2/8/2022 7:47:26 AM EST

[#24]

Paid cash for my first home at age 23.

Posted: 2/8/2022 7:49:45 AM EST

[#25]

Partied hard and started late, 31. Paid off at 50, retired at 55.

Posted: 2/8/2022 7:58:59 AM EST

[#26]

Quote History

Quoted:
20, recalibrated my priorities and sold off my car stereo for the down payment.

View Quote

That must have been a hell of a stereo or a tiny down payment.

Posted: 2/8/2022 8:00:28 AM EST

[#27]

I was 28 and it was a bitch. Should’ve done it sooner but doing a 20% down payment was a large hurdle.

Posted: 2/8/2022 8:03:52 AM EST

[#28]

24. I'm on my third house now at 29.

Posted: 2/8/2022 9:47:55 AM EST

[#29]

I recommend that young people live a little, move to different cities in those early years. But by 30 figure out where to settle

Posted: 2/8/2022 10:58:39 AM EST

[#30]

I had just turned 25 years old.

Posted: 2/8/2022 11:06:24 AM EST

[#31]

27.... because I moved back to Alaska and had about 2 years of set back to get settled and get my affairs back in order... otherwise it would have been 25

- Clint

Posted: 2/8/2022 11:09:02 AM EST

[#32]

31, right before getting married.

Posted: 2/8/2022 11:09:10 AM EST

[#33]

Quote History

Quoted:
I was 28 and it was a bitch. Should’ve done it sooner but doing a 20% down payment was a large hurdle.

View Quote

Not waiting until I had 20% was probably the best financial decision I've made

Posted: 2/8/2022 11:11:13 AM EST

[#34]

27?

Posted: 2/8/2022 11:13:04 AM EST

[#35]

Quote History

Quoted:
Nineteen

View Quote

Same .

Posted: 2/8/2022 11:14:52 AM EST

[#36]

Quote History

Quoted:
23. 1980. $55,000 for single family home in D.C. suburb (Falls Church).

View Quote

My parents had a town house in Falls Church

Posted: 2/8/2022 11:15:14 AM EST

[#37]

20. I saved 95% of my wages back then and my parents let me stay at home for free until I bought a house. I bought a second at 27. I sold them both for the current house, but I wish I had figured out a way to keep them all. I definately could have, but being a landlord in my 20s was not my thing.

Posted: 2/8/2022 11:17:57 AM EST

[#38]

22. 155K in Pflugerville, north of Austin.

Posted: 2/8/2022 11:27:06 AM EST

[#39]

Bought my first property at 17 (my Dad had to sign the papers as I wasn't 18 yet)
Two family with 5 acres and a large barn
Bought my first house to live in at 22

Posted: 2/8/2022 11:30:31 AM EST

[#40]

29.

Posted: 2/8/2022 11:30:43 AM EST

[#41]

28

Lived with my parents until my mid 20s. Saved a fuck ton of cash. Bought some cool fucking guns.

No regrets

Posted: 2/8/2022 11:32:53 AM EST

[#42]

24 long island ny

Posted: 2/8/2022 11:32:55 AM EST

[#43]

11

I paid for it with the money I earned working 120 hours a week in the shoe factory.

Posted: 2/8/2022 11:35:46 AM EST

[#44]

I was 32 when we built our house in 2006. We rented before that

Posted: 2/8/2022 11:38:09 AM EST

[#45]

I was 26 yrs old - Best thing I did financially. I haven owned several different homes over the years, and my home value has increased more than all of my mortgage payments.

Posted: 2/8/2022 11:38:19 AM EST

[#46]

Just turned 23, back in 2008, just before the market tanked for housing.

Was super stressed about that $1K per month mortgage.

Posted: 2/8/2022 11:38:37 AM EST

[#47]

32. We were not settled down prior to that. We built the house we wanted on land that we bought when I was 42. We are still here (62), but will probably sell at some point soon.

We want to move to TN, but can't find a house we like on a big enough piece of property. We'll probably end up building again.

Posted: 2/8/2022 11:39:34 AM EST

[#48]

I was 26 my wife was 21. We had just gotten married.

Posted: 2/8/2022 11:39:52 AM EST

[#49]

25 with less than a month before my 26th birthday had like 7 days after to fix it up to relax for my birthday

Posted: 2/8/2022 11:40:46 AM EST

[#50]

30.

[ARCHIVED THREAD] - How Old Were You When You Purchased Your First Home? (Page 3 of 4)

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