Post # 32
We don’t yet but we are both 21 and plan to buy in the next two years depending on where I get a job at once I graduate. Also, I can’t imagine $100k being 20%, we would never own a home that cost that much. Luckily for us, our downpayment we are saving for will be in the $20k-$25k neighborhood.
Post # 33
We plan on doing it this year, and we are in our early 30’s..
Post # 34
i was 20, hubby was 26, then 3 months ago we paid our mortgage in full, me being 24, and hubby 30 🙂 x
Post # 35
It depends a lot on geography and housing prices. When I was in northern ontaio you could buy a decent place for 150,000 and people were home owners in their early 20s. Where we live now a single family home starts at 350/400, so most homeowners are in their mid to late 20s. I am 25 and we are house hunting now.
Post # 36
I have settlement in 7 hours! Im 23
Post # 37
I will be 23 when we close on our first home next week!
Your sister was 17 and owned a home? I didn’t even think that was possible!
Post # 38
@mightywombat: One of my best friends and her husband just bought their first home, in Boston. She’s 38. The cost difference in different regions is just stunning.
Post # 39
@ProfessorGirl: So true! Very few of my peers (grad students or recent PhDs in their early-mid 30s) own homes, unless their spouse has a high-paying position. When you earn $25,00 per person and live in an area where a two-bedroom condo costs $500,000 or more, it’s just not possible!
Post # 40
If everything goes according to plan, we’ll be 24 and 25 when we buy a house next year. 🙂
Post # 41
We were both 25 when we bought our first home.
Post # 42
- Wedding: June 2014 - Cedar Lake Cellars
We were 28 but we both waited until I graduated from professional school. He was still in grad school but at least one of us needed to have a “real” job for us to feel comfortable.
Post # 43
@pinkshoes: Eesh. Our home costs are really low here, but our only friends who own their homes either live in crappy neighborhoods or both wife/husband have really good jobs.
We’d like to own a home within the next year, but we have to see what’s available. A downpayment won’t be that hard to save up, though it definitely won’t be 20%, since we’re going to do an FHA loan. It’ll be more like 5-10.
ETA: We’ll be 31 and 27 (I hope).
Post # 44
Don’t feel pressure to buy just because your younger sisters have already.
We are 35/34 and have yet to buy. We are/having been looking, but homes in our area are pricey and we want to be able to put down a good down payment. I’m guessing this has a big impact on when people are able to buy. Also, sometimes it is nice to sit back and not have to deal with repairs/issues when our friends have to fix this and that around their house. I’m also not just going to buy a place just to buy. I want to make sure it is a house that we are going to stay in for a good number of years.
Post # 45
I was 21. Bought a condo on my own and ended up selling it just over a year later, then when I was almost 23 Fiance and I moved in to our home that we bought togeher.
Post # 46
I was 22 when we bought our house and 23 when I moved in.