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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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How old were you....
when you bought your first home?
I am sure this has been posted before but I found this article a little surprising because i would have thought the recent spikes in the market would have made things less affordable - but the article goes on to talk about how the wider array of financing products has actually opened the market up to younger buyers..... Any thoughts?
I was 26 when i bought my first condo, 30 when i bought my first home.
From the article:
"More young owners
In fact, the homeownership rate for people under age 25 jumped from 19.3 percent in 1982 to 23.6 percent as of the first quarter 2006, according to the latest data from the U.S. Census Bureau. For buyers between the ages of 25 and 29, the homeownership rate rose from 38.6 percent to 41.0 percent for the same time period.
"We have far more young home buyers today than ever before," notes Susan Wachter, professor of real estate and finance at the University of Pennsylvania's Wharton School, who attributes the growth to several factors that occurred in the 1990s and early 2000s."
Newsday Article
Message edited 7/27/2006 3:05:36 PM.
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Posted 7/27/06 3:04 PM  |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: How old were you....
Ew, I don't like your age brackets 
I just closed on my FIRST home last month and I'm 33.
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| Posted 7/27/06 3:07 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: How old were you....
honestly I was 19- I used my communion and confirmation money to buy a condo in Boulder CO- where I was going to school
in 1996- I paid $103K- and then I left
so I had to sell and lose all my Money
had I stayed the 2.5 years and graduated
my condo more then doubled to $250K
it was a 1 bedroom - with a loft- used as a second bedroom- with a direct veiw of the rockies
I am still kicking myself....but I was 19 what did I know
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| Posted 7/27/06 3:08 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: How old were you....
Posted by Colleen9304
Ew, I don't like your age brackets
I just closed on my FIRST home last month and I'm 33.
I wasnt quite sure how to do them! sorry about that!!!
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| Posted 7/27/06 3:08 PM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: How old were you....
I am 24 and we are looking, so I will probalby be 25 when we actually buy something.
but I didnt vote since I havent bought yet. dont want to skew the results!
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| Posted 7/27/06 3:10 PM |
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MrsPorkChop
Twinning!!
Member since 5/05 9941 total posts
Name:
Missy
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Re: How old were you....
25 when i bought the house with fiance who is now my hubby
that was a year ago
i was ready to buy my own condo bymyself at 24 but i decided to wait
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| Posted 7/27/06 3:10 PM |
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MrsBlueSash
Love my sailor
Member since 6/05 5793 total posts
Name:
Christian
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Re: How old were you....
I was 26 when I bought my condo, almost 27.
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| Posted 7/27/06 3:13 PM |
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maryg
LIF Infant
Member since 5/06 196 total posts
Name:
Mary
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Re: How old were you....
i am in your first age bracket. my first time being a homeowner, and it is comparatively cheap (under $400K) and it's a little house.
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| Posted 7/27/06 3:13 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: How old were you....
We didn't buy until I was 34 and he was 35. This is our first home.
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| Posted 7/27/06 3:14 PM |
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Ang-Rich
Beyond Compare
Member since 5/05 17988 total posts
Name:
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Re: How old were you....
We bought our co-op at 23 so i check that box. Even though it isn't a house - I stick by that age because I can't get treated like a first time homeowner now. lol
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| Posted 7/27/06 3:14 PM |
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Diana1215
Living on a prayer!!!
Member since 10/05 29450 total posts
Name:
Diana
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Re: How old were you....
I was 28 when we bought this house. It was only a little over a year ago but it seems like ages.
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| Posted 7/27/06 3:20 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: How old were you....
I've got to hand it to the people buying their homes iin their early 20's. I could never have done it.
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| Posted 7/27/06 3:21 PM |
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MrsA
.............................
Member since 1/06 2012 total posts
Name:
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Re: How old were you....
DH and I are both 25 and closed on our first home just a couple of weeks ago.
We both lived with our parents until we got married.
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| Posted 7/27/06 3:22 PM |
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LMFitz
life is good
Member since 5/05 2013 total posts
Name:
L
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Re: How old were you....
I was 25 and bought it by myself - just a few short weeks before I met DH for the first time. 
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| Posted 7/27/06 3:24 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: How old were you....
Posted by Blu-ize
I've got to hand it to the people buying their homes iin their early 20's. I could never have done it.
I agree - I STRUGGLED to buy my condo at 26 - and it was a 750 square foot 1 bedroom condo (although it was in hoboken).....
It took me a while after graduating to save up enough for the downpayment because living at home was never an option (too far of a commute). I lived in some pretty scary places to save up for a house - but it was all worth it in the end....
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| Posted 7/27/06 3:25 PM |
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Palebride
I am an amazing bakist
Member since 5/05 13673 total posts
Name:
Lori
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Re: How old were you....
27 when we bought our co-op.
Still looking for that house...and I'm 30 now, so hopefully I'll be 31 when I buy my first house.
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| Posted 7/27/06 3:25 PM |
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julz33
i run for bacon
Member since 5/05 20584 total posts
Name:
julz
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Re: How old were you....
I was 23 years old, DG (FH at the time) was 24.
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| Posted 7/27/06 3:39 PM |
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MrsSchwags
Soccer Baseball Lax Mom
Member since 10/05 11240 total posts
Name:
Jennifer
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Re: How old were you....
DH and I are both 23.
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| Posted 7/27/06 4:17 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: How old were you....
I was 23 and DH was 26.
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| Posted 7/27/06 4:47 PM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: How old were you....
I was 23
My DH was 25
Message edited 7/27/2006 5:02:39 PM.
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| Posted 7/27/06 4:53 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: How old were you....
I just want to say that the results of this poll are really surprising to me as i expected the average age to be much higher!
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| Posted 7/27/06 4:57 PM |
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Jessee
LIF Adult
Member since 3/06 1260 total posts
Name:
Jessee
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Re: How old were you....
Closed the day after my 24th birthday.
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| Posted 7/27/06 4:59 PM |
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Buttafli1277
LIF Adult
Member since 8/05 2638 total posts
Name:
Jennifer
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Re: How old were you....
I was 25 turning 26, and my DH was 28. We bought our house right before we got married. We actually closed about 3 weeks before the wedding. Talk about stress!
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| Posted 7/27/06 5:01 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: How old were you....
I should add that I didn't pay the mortgage- on my condo at 19
it was $800 and I had a roomate who paid $400 and my dad paid $400 for my share instead of paying for the Dorm
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| Posted 7/27/06 5:03 PM |
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Faithx2
All good things in 2016!!
Member since 8/05 20181 total posts
Name:
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Re: How old were you....
24 and DH 26
Message edited 7/27/2006 5:13:14 PM.
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| Posted 7/27/06 5:12 PM |
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