How old were you when you bought your first house/apartment?
June 25, 2010 5:23am CST
I know there are alot of people out there including myself who have never bought a place to call home but there are also alot of people who have. When I was younger, I always thought that I would own my own house by my age (I'm in my early 30's) but I still rent . I am hoping to own my own house in the next few years but until then, I have to put up with renting. I am just curious as to your age when you owned your first house...I know my parents were about 36 when they owned their first house.
• Gold Coast, Australia
29 Jun 10
I was 28 when we bought our first house in 2001. It is the home that we still live in now. When I was 23 though I nearly bought a two thirds of an acre block of land close to the beach near Melbourne for $28,000. Part of me wishes that I had bought it as I would have had it paid off in a year and been able to build on it fairly cheaply at the time and would be set up better financially than I am now. But I ended up travelling around the world and then moving up to QLD with the money instead. I still managed to buy at a pretty good time as the prices doubled in the first year that we were home owners. It seems much harder to buy a first home these days.
27 Jun 10
I was 26, and I don't know how I feel about it yet, and I have yet to reach 27. Took a bit, and my Father in Law gifted us the down payment, and the mortgage is cheaper then rent in this town. Now unless you consider owned the mortgage being paid off, I own this house with my wife and her dad, though her dad lives elsewhere. Renting sucked, and owning sucks. Too much to take care off, not enough resources, at least not for me yet. Sincerely and With Appreciation.
27 Jun 10
For me, I consider owning a house as having it in your name even if you are paying the bank off...at least it's something that you know will be entirely yours one day...You father-in-law is a generous man!! Alot of places these days, it's cheaper to pay off a mortgage rather than buy.