(Closed) At what age did you become a homeowner?

posted 7 years ago in Home
  • poll: age at time of buying first home?
    18-21 : (35 votes)
    10 %
    22-25 : (134 votes)
    36 %
    26-30 : (96 votes)
    26 %
    31-35 : (27 votes)
    7 %
    36-40 : (7 votes)
    2 %
    41-45 : (1 votes)
    0 %
    46+ : (2 votes)
    1 %
    never owned a home : (65 votes)
    18 %
    my house was given to me : (1 votes)
    0 %
  • Post # 62
    Member
    750 posts
    Busy bee
    • Wedding: June 2010

    I don’t know how people buy houses as teenagers. I barely made enough money to feed myself and pay my rent while I was going to college. We bought our first home at 31 and 32. And we just finished our re-fi last night at 3.5%, woot! Most of my friends started buying in their late 20s, early 30s and plenty of them still rent. I guess it’s mostly about region. Our home was a steal in Los Angeles at $340K.

    Post # 63
    Member
    111 posts
    Blushing bee
    • Wedding: October 2009

    When we bought our townhouse I had just turned 26 and my husband was 24. We had saved enough to by a nice place and our mortgage ended up being just as much as our rent was. The bonus in owning is that it’s ours and we can do whatever we want! We were the first within our group of friends to buy.

    Post # 64
    Member
    2398 posts
    Buzzing bee
    • Wedding: April 2012

    My Darling Husband and I bought our first home last year. We were both 35 ๐Ÿ™‚ 

    Post # 65
    Member
    55 posts
    Worker bee
    • Wedding: March 2012

    I was 28 when I bought my first condo, and I was only able to do that because of a 1st time homebuyers program (I live in Silicon Valley, and at that time a 1 bedroom condo cost $225,000).  I’m now 36 and my husband and I just bought our house 3 months ago (moving in this weekend!).  

    Post # 66
    Member
    664 posts
    Busy bee
    • Wedding: December 2011

    I was single adn 24 when I bought my house and I regret it. Houses suck up all your extra money and time. And now I have an upside down mortgage and can’t refinance. Basically I’m stuck with this house until the economy turns itself around. I’m not holding my breath.

    Post # 67
    Bee
    6474 posts
    Bee Keeper
    • Wedding: June 2011 - Sydney, Australia

    27 for us. We rented until our home build was finished. ๐Ÿ™‚

    Post # 68
    Member
    822 posts
    Busy bee
    • Wedding: January 2012

    I was 23 and Darling Husband was 26.  

    However renting in NZ at the time we bought was very high.  We were going to move in together and rent but Darling Husband had the downpayment for the house and it worked out that our mortgage repayments were the same if not slightly cheaper than anything we were looking at renting.

    It is not our dream house but we have worked hard to do it up and hope to use it as a rental in the near future.

    Post # 69
    Member
    1229 posts
    Bumble bee
    • Wedding: August 2011

    I honestly don’t think you have to buy a house to have a baby.  I had three babies and didn’t own a house.  At first we were cramped but whatever there was so much love it didn’t matter. 

     

    I was about 27 when we did buy a house and we weren’t ready.  We had to sell it as a short sale….  Ten years later we got our financial shit together and bought our second house 2 years ago.  It is tight!  Super tight!  Sometimes I wish we were still renting cuz we could breathe, especially with homes losing their value.  Our neighborhood houses have dropped 20 k in value!  So it’s like we will never have equity ๐Ÿ™  Big bummer.  Don’t wait on owning a house to decide when you start your family.  Life is too short!

    Post # 70
    Member
    3625 posts
    Sugar bee
    • Wedding: June 2012

    I think this varies quite a bit based on location and life events.

    In our area, to get a 2 BR condo that is halfway decent (low crime area, decent schools), we are looking at $200k+ (with older fixtures that will need updating/repairing). That’s not even for a posh area with views of the ocean or anything. Then because it is a condo, you have to pay another $200+ in HOA fees every month. Correct me if I’m wrong, but based on House Hunters on TV, $200k can get a nice family home in other parts of the US.

    Plus, we both have student loan debt as we both attended grad school and both payments are quite sizeable.

    Post # 71
    Member
    5983 posts
    Bee Keeper
    • Wedding: June 2010

    first time home owner at age 25, we now have two homes at age 27 ๐Ÿ˜€

    Post # 72
    Member
    2819 posts
    Sugar bee
    • Wedding: February 2013

    I’m 22 & FH is 21. We are currently just waiting for our lawyers to approve the sellers’ counteroffer, and will be signing within the month! (Likely within the week.)

    Post # 73
    Member
    435 posts
    Helper bee
    • Wedding: June 2012

    We haven’t yet, but we will likely be in our mid-thirties by the time we do. It just doesn’t make sense for us at this particular point in our lives. We live in a rural urban centre where what we pay in rent would not cover anywhere near as nice a place as if we purchased a house. We want to have the flexibility for me to be a Stay-At-Home Mom when we have little ones and our current rent is manageable on Darling Husband income, but the mortgage for an equivalent house would stretch us to our limits. The nest egg can sit in the investment accounts and we’ll look at purchasing a house once I return to work after having that time at home.

    Post # 74
    Member
    948 posts
    Busy bee
    • Wedding: May 2011

    Darling Husband was 28 and I was 29 and only a few weeks away from our wedding day! For us the timing was just right. Our rent was climbing to $2300, rates were low, and with my Veterans status we didn’t have a down payment, closing costs, or fees. It would have taken us another year or so if things were different.

    Post # 75
    Member
    270 posts
    Helper bee
    • Wedding: October 2012

    Fiance and I bought our home when we were 20. We are now 23.

    Post # 76
    Member
    155 posts
    Blushing bee
    • Wedding: March 2014

    Oops, I answered the poll incorrectly. I had just turned 22 when I got the keys to the house. It will be a year in September (wow, time flies!).

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