How old were you when

[Roscoe]

I suppose low balling me on that Kimber was just an act. LOL

I choose to think of it as being fiscally responsible....

[bcoop]

Valid point, I could see that as a viable reason for some of it.

More common than you think, and the deals are still out there for someone willing to do the work. A crazy amount of houses are selling for cash right now. Houses are selling as quickly as they are listed, in the $120-250,000 range. The only ones that last more than a week or two are ones needing a bunch of updating.


The girlfriend wants to sell her condo in FL (paid off), so we can get more house when I buy, but she's going to lose her ass on it if she does. I'd rather her keep it as rental income for a few years until we can afford it to be a vacation house. I could sell mine for around $170,000 and have some nice equity to put in the next one, but I'd rather keep it and have the income building towards retirement. Of course, I could lose my job tomorrow and it could all blow up in my face, but I'm a gambler.

[86silverbullett]

23, Just actually closed a few days ago..4/2.5/2

[Treybiz]

21, Bought in a college town that ended up building a bunch of Condos/Duplexs that were fresh and new in the 3 years I owned it so the market for Older Student housing sucked. I had to leave in a hurry for a job and left it vacant while on the market. It was vandalized twice and I lost my ass. My fiance owns the current house and bought it at 21 as well.

[Cooter]

29.

Don't own one.

I liked the ideas of no ties to anything if I wanted to go. I know a few people that have told me buying a house was the worst decision they ever made. That has kept me hesitant for a bit but I plan to be in the market next year or year after. Starting late but I want land and ill die there

Nothing wrong with that. I held out for a long time. We had a sweetheart rental deal for a few years that helped us avoid the bubble.

My next house in TX we'll probably be building.

[talisman]

I liked the ideas of no ties to anything if I wanted to go.

Not bagging on you, just funny that a lot of the people I've known have said that exact same thing and never gone anywhere or done a damn thing that would have been negatively impacted by buying a house. I think a lot of people are more afraid of the "responsibility" than they have reason to be.

[soap]

24

No

Divorce

[whitetrash]

Not bagging on you, just funny that a lot of the people I've known have said that exact same thing and never gone anywhere or done a damn thing that would have been negatively impacted by buying a house. I think a lot of people are more afraid of the "responsibility" than they have reason to be.

No offense taken. I am one of those people that never went anywhere. But I didn't have anything to stop me if chose to do so. As far as responsibility, all I know is responsibility. I grew up in a home with a disabled person who needed constant help, I've worked since I was 14, paid my moms mortgage straight out of high school because she was laid off. Not having that tie was a great weight off my shoulders in my opinion.

I know a 3 or 4 people that have had better job offers that had to decline because they couldn't sell their home in the market.

[talisman]

No offense taken. I am one of those people that never went anywhere. But I didn't have anything to stop me if chose to do so. As far as responsibility, all I know is responsibility. I grew up in a home with a disabled person who needed constant help, I've worked since I was 14, paid my moms mortgage straight out of high school because she was laid off. Not having that tie was a great weight off my shoulders in my opinion.

I know a 3 or 4 people that have had better job offers that had to decline because they couldn't sell their home in the market.

What I meant was, that owning a house really isn't that much more responsibility than living anywhere else. Sure, there's always something to work on, but I enjoy it. Much more than I ever enjoyed working on cars, probably, now that I'm in a house that met all the requirements I was looking for at the time.

[GrayStangGT]

Bought my first house 3 years ago at 25, still live there but plan to buy something with a shop or bigger garage next year.

[Rick Modena]

30, sold it for a nice profit several years later. I then used those proceeds to buy a new home in 2000. I just sold it last month and tripled my original money.

Now I'm sitting on gold and silver bars covered in cowskin, I'm looking to buy a plane and a mobile home.

[Cannon88]

35. Bought it in 2006 in Houston. Still own it and rent it out. On my 3rd house since that one. Just bought a house in Midland. Payed about double what it's worth.

Hey bish, when you coming to visit?

[Cooter]

What I meant was, that owning a house really isn't that much more responsibility than living anywhere else. Sure, there's always something to work on, but I enjoy it. Much more than I ever enjoyed working on cars, probably, now that I'm in a house that met all the requirements I was looking for at the time.

I think his point is that you're tied to the house... a lot of people are upside down in their houses and can't afford to move/relocate for a better job offer.

That was part of my reasoning for waiting and then for buying something dirt cheap. We could up and move right now with a good down payment saved up and the current house wouldn't impede that a bit even without selling it.

I'm a fiscal conservative by way of my pessimism. I plan for the worst and hope for meh

[jayjohnson600]

My First house was purchased when I was 28.
I sold my first home 4 years later to relocate for better job opportunities, and was not interested in getting into another mortgage for similar reasons of maintaining high mobility.

But after I relocated, I was in the big D, one of the nations best job opportunity locations. Then watching the housing bubble and burst, I decided to buy when the prices were sliding like total carnage in the streets. Credit was all but locked up, and mine was ready to flow

Current home was purchased as a foreclosure when I was 41 near the bottom of the pricing slide but my rate was 4.875(no points). Pricing has come back and is working in my favor +40%, just have to match that up with a buyer when the time comes.

The FED is still pumping money into MBS. This downward force holding back mortgage rates will be tapering in 2014, almost guaranteed.

[sc281]

29.

Don't own one.

I liked the ideas of no ties to anything if I wanted to go. I know a few people that have told me buying a house was the worst decision they ever made. That has kept me hesitant for a bit but I plan to be in the market next year or year after. Starting late but I want land and ill die there

This is my biggest motivator. I loved having an apartment because I knew I could pick up and leave if I needed/wanted to. Ever since I've had the house I just feel tied down, and I don't like it. lol