(Closed) How old were you when you bought your first home?

posted 8 years ago in Home
Post # 32
Member
13095 posts
Honey Beekeeper
  • Wedding: July 2010

Darling Husband and I hope to buy a home before the end of this year.  If that happens, I’ll be 24 and he’ll be 25 when we buy.

Post # 33
Member
371 posts
Helper bee
  • Wedding: February 2011

I just bought last year and I was 24, I was the first of our friends to buy, but 2 of our couple friends have purchased homes since then. I bought it alone, but we were engaged and I added him to it after the wedding.

Post # 34
Member
5495 posts
Bee Keeper
  • Wedding: September 2010

I should also throw in that I have a 23 year old friend, and a 22 year old friend that have also bought homes with their DH’s. This was a couple years ago, though when we were a little younger.

Post # 35
Member
1239 posts
Bumble bee
  • Wedding: June 2012

@Eva Peron: you sound like what I’m about to do. We’re moving after we get married, Buying together on the second one, renting the condo out for cash flow as we live 5 blocks from the college campus. Perfect for a studio. 

 

Edit: I’m 21, I was 20 when I bought, paid cash down. 

Post # 36
Member
1046 posts
Bumble bee
  • Wedding: December 2010

I think there’s a lot of regionality to it. I live in Seattle and house prices are pretty expensive (starter homes in the city 300-400k, condos cheaper). We have a few friends who have purchased their home but most have not. We’re in position to buy within the next couple of years and we’re ages 28 & 27.

Post # 37
Member
1356 posts
Bumble bee
  • Wedding: June 2011

mortgage isn’t always cheaper than renting. we are 23 and looking to buy in 1-2 years. I’m interested to know if age varies based on area, as well – I know that houses are more expensive in New England than further South, but I hear that salary also varies. I never felt comfortable asking people their salary, so I have no idea for sure!

Post # 38
Member
3253 posts
Sugar bee
  • Wedding: October 2011

For those of you who are 25 and younger, how in the world are you affording it already?! I have a full-time, secure job and I guess it just seems really intimidating to me to be buying a house already. 

How did you make it work?

Post # 39
Member
3253 posts
Sugar bee
  • Wedding: October 2011

For those of you who are 25 and younger, how in the world are you affording it already?! I have a full-time, secure job and I guess it just seems really intimidating to me to be buying a house already. 

How did you make it work?

Post # 40
Member
1701 posts
Bumble bee
  • Wedding: August 2010

28

Post # 41
Member
6571 posts
Bee Keeper
  • Wedding: February 2010

My husband owned a townhouse when I met him, he bought it when he was 26 I think. We are now renting that out and we bought a house a couple of months ago, I’m 28.

Post # 42
Member
4109 posts
Honey bee
  • Wedding: December 2011

I was 22 when I purchased my condo – sold now as Fiance owned his own home with more space & we didnt see the point in paying 2 mortgages if we were attached at the hip & constantly sleeping over together.

Post # 43
Member
2522 posts
Sugar bee
  • Wedding: November 2013

@brideatbeach:  I’m thinking the same thing unless some of these ladies have spouses that are older, or qualify for FHA loans, or have parental help, how do you save 30% down your first year out of college?  What about student loans?

Mind-boggling.  We plan on renting for a loooong time as we don’t know where we want to permanently reside and house-hopping doesn’t seem fiscally sound in this housing market.

Post # 45
Member
369 posts
Helper bee
  • Wedding: November 2011

Bought my first house (by myself) just after my 24th birthday.  Sold it to move in with Fiance a year and a half ago.  He owns the house we live in now.

Post # 46
Member
4044 posts
Honey bee
  • Wedding: November 1999

We were both 29. We looked for maybe 3 years while renting an apartment and just didn’t see any houses we liked. But the tax credit was a big incentive to just pick something already!

Most people my age (friends from high school) do not own their own homes. Some still live at home with their parents, or in their parents homes (and parents have moved out). The economy is terrible and I would say unless you know you are staying in that home for a several years, mostly you are better off renting.

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