I was 23 ( 13 years ago) and only making $8.25 per hour. I like to tell that to kids now that are making over 10 bucks an hour and complaining about money. Try paying a mortgage!
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I was 23 ( 13 years ago) and only making $8.25 per hour. I like to tell that to kids now that are making over 10 bucks an hour and complaining about money. Try paying a mortgage!
I wish I could get a mortgage and buy instead of renting but I need to finish school and find full time work that I know won't let me go in a year or two before I start thinking about buying a place. I have some savings but I don't want to put every penny I have down on a place and then not have any savings in case something goes wrong!
Yes, but those higher interest rates will come back eventually. And for those that buy a home now with the teeny-tiny interest rates, will they still be able to afford that same home when interest rates go up? But I am loving those low interest rates while we have them. The trick is not to buy up to what you can afford with record setting low rates, but to buy less than you could afford with more normal rates.
I was 34 when we bought our first house. It was a great single family home with a huge yard, a garage and a fireplace. And it was soooo affordable, because we were living in a small town in NW Ontario. But now I'm in Ottawa, so we have a much smaller home (it's a townhouse) that came with a much higher price tag.
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38 me and hubby 39 :) waited for bf to do his Phd
I was 20 and DH was 21, we have moved (upgraded) 3 times now. We are now settled, I wish we were more in the country as the city is building up around us way to fast...but it is perfect for us and the kids.
On the deed? Or truly bought? My name was on title at 19 (for a house I lived in and was owned jointly with my parents). It was a 1.5 storey war time home, 3 bedrooms, 1.5 bathrooms on a narrow lot.
My second home was bought when I was 24 with my husband. A very lovely 3 bedroom, 2.5 bath 2 storey home in a nice part of town. Big, treed yard -- about 1800sq feet with a finished basement. It was the first time I went through the home buying process on my own.
Of course, we move into our 3rd home 2 years later (d'oh) -- and now live in an even larger home with my MIL who has her own apartment in the walk out basement. We have 4 bedrooms, MIL has 1 & a den. We have 2.5 bathrooms, she has 1. Our space is around 2500sq feet, hers is around 1200sq.
I was 27 and single... bought a condo. I still kept it even after meeting my dh and getting married and buying another house. Its nice to be able to rent it out... i dont make any money on it but its an investment
Its so great to see all the responses and see the age difference in when people have bought their first home. Keep the replies coming!! :)
I was 28, hope to have it fully paid off before I turn 35.
we were 22-both hubby and i bought for 35,000 back when the interest rates were 18%-in 1981-fixed it up a bit- put new kitchen(bathroom)in too sold for 110,000(14 years later)-bought our second house have been in it for 13 years-hope to be morgage free in a few more years(we rented apt for first 2years of our marriage-hubby didnt have a steady job)plus we really saved for that first down payment(saved 10,000 to put on our first home)
my son bought his first house at 24 small one with his wife -now sold it and is having one built-made 40,000
my daughter bought her first condo at 28-it was hard living in toronto and renting an apt for 5 years -school loans etc-getting started with a career