At what age did you buy your first home ?
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
40 - and it took a massive collapse in the housing market in Ireland before the bottom rung was within my reach.
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
22 and was looking good to own it by 32. Then Missus turned the wastage meter up to a level I couldn't sustain. Never owned one since. Where in Oz are you? Should catch up for a drink.
Michael Martin Australia "I controlled my laughter and simple said "No,I am very busy,so I can't write any code for you". The moment they heard this all the smiling face turned into a sad looking face and one of them farted. So I had to leave the place as soon as possible." - Mr.Prakash One Fine Saturday. 24/04/2004
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I'm in that situation now. Neighbors always throwing trash in my yard or rocks at my siding when I'm not around.
I guess you've tried to speak with them about that... Could a sign and a fake or even real camera help? :sigh: what can make people behave that way?
[www.tamautomation.com] | Robots, CNC and PLC machines for grinding and polishing. [YouTube channel]
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
27, but back then in the UK banks were offering 100% mortgages, and my brother was selling them, eased the process somewhat. Still in the same place, it has doubled in value over those 14 years, interest rates have been slashed, my salary has tripled. I'm still skint at the end of each month, but it's the wife, and to a lesser extent child, and this month dog, that are the cause of that.
Some men are born mediocre, some men achieve mediocrity, and some men have mediocrity thrust upon them.
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
Perhaps you should add to your question: and did you have help (e.g. from parents, an inheritance, etc)?
"I'm never quite so stupid as when I'm being smart." - Linus van Pelt. "If you were as smart as you think you are, you wouldn't think you were so smart!" - Charlie Brown.
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
Bought my condo at 35. It was the right property at the the right location at the right price.
I'd rather be phishing!
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
25, but since it still had to be built at the time, and during the build it sort of sank in the ground because there has been a mistake in the foundation so they started over (no additional costs for me), I didn't go and live there until I was 27. I'm 28 now, I've been living here almost 1.5 years :D Prices in the Netherlands used to be very high, but we've got this weird system where you get a part of your mortgage rent back in taxes (mortgage relief). Which led to all sorts of weird mortgage types that fully exploited this tax break (like not paying your mortgage for 30 years and then pay the entire sum all at once, making you pay maximum rent, but also get maximum return). Many people also still have their "redemption-free" mortgage, a small (€50000) rest fee they don't have to pay so they'll keep paying rent, but also keep getting tax returns. It's a crazy system that was once meant to stimulate house sales. It costs the government A LOT of money and they want to stop it now. A lot of mortgage types are already banned, so in 28 years we'll have no weird mortgage types anymore (as the average mortgage length is 30 years). The tax return is also slowly getting less, but many people depend on this tax break so stopping it immediately would result in many people losing their homes. The last elections were all about the mortgage relief, were you for or against? That said, prices are still pretty high, depending on where you live. I live in a rural area and €200000 gives you a decent terraced house. In Rotterdam that same amount gives you a small apartment. In some neighborhoods it gives you nothing at all.
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
Here where I live an appartment will cost you at least 200000 € and a house easily half a million. Renting is expensive as well, so the only realistic chance is to buy something small, rent it and use it to finance your next purchase, rent it as well and go on until your income as landlord easily pays for whatever you want to have. But of course, you need a little money to begin with.
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I guess you've tried to speak with them about that... Could a sign and a fake or even real camera help? :sigh: what can make people behave that way?
[www.tamautomation.com] | Robots, CNC and PLC machines for grinding and polishing. [YouTube channel]
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I have thought of a camera with a motion detector. I don't know why people behave that way. I like to be left alone, so I leave people alone. A main problem of owning a house, you just can't get up and leave very easily or cheaply.
Yes, the typical downsides of being an owner are: - not easy to relocate. - cross fingers not to have a bank problem. All the other things are (or should be) advantages... A pity your neighbors are giving you headaches... Good luck!
[www.tamautomation.com] | Robots, CNC and PLC machines for grinding and polishing. [YouTube channel]
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
I was 31, and it took every bit of forced savings - putting loose change into a CD the wife couldn't touch for a year. At that, I could only afford a 50 year old, run down repo that leaked wind and cold. The loan payment took most of an entire paycheck, roughly half my income. Good luck to you! ;)
Will Rogers never met me.
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
I bought my first house with my then-wife when I was 33 or so. She had the money for the downpayment, I had the income for making the mortgage payments. After a relatively painless divorce, it was 20 years later (just this last December) that I bought a house again. It's a bit of a fixer-upper, but it's the right size for my girlfriend and I and two cats, it's by a beautiful stream, and we can walk to the Nature Conservancy just up the road. The mortgage payment is 1/2 what I was paying for rent for similarly sized place, and because I work remotely, I can live in rural New York where the housing costs are significantly lower than any urban or suburban area near any tech industries. Needed only 5% down (though I pay a PMI for that, but it's pretty small) and by making extra principle payments each month, I'm hoping to have it paid off in 15-20 years. Marc
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
29. /ravi
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
To buy a house like the one I live in, I will have to save the same money I pay for rent over 50 years... So probably never...(and I'm 44 this year) (To be sure the bank will happily give me the money for a 30 year period, but in that case the payback will be 3 times my monthly rent...A kind of enslavement...)
Skipper: We'll fix it. Alex: Fix it? How you gonna fix this? Skipper: Grit, spit and a whole lotta duct tape.
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
27, and looking to pay off the mortgage outright after 6 years.
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
virang_21 wrote:
How long did it takes you to buy your first home ?
How long from when? Birth? Marriage? Time from paying earnest money to signing contract? Some other milestone? Regardless, my wife and I were both 25. Down payment was next to nothing since it was our first house; The bank didn't care.
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
I bought it when it was almost 60 years old, but I don't see how that information can help you.
I wanna be a eunuchs developer! Pass me a bread knife!
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
23. It were different back then, what with 15%+ mortgages and then only if you actually had a relationship with the building society and at least a 10% deposit. Ah, magical days. TBF, the place was £19250 and I sold it 6 months later for £27500 (property shortage as I recall). But that was in 1873 and we all wore stovepipe hats. :)
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Here is the thing. I live in land down under called Australia and property prices here are 12 to 15 times your average wages before tax. I am 32 and still renting and no hope in hell I can save 20% deposit to get loan even if I live off noodles for few years ( or may be I can if I only live off noodles ). There are many reasons for property prices so high here but I am just questioning what it takes to buy a first home ? How long did it takes you to buy your first home ? Edit Thank you for your responses.
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
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To buy a house like the one I live in, I will have to save the same money I pay for rent over 50 years... So probably never...(and I'm 44 this year) (To be sure the bank will happily give me the money for a 30 year period, but in that case the payback will be 3 times my monthly rent...A kind of enslavement...)
Skipper: We'll fix it. Alex: Fix it? How you gonna fix this? Skipper: Grit, spit and a whole lotta duct tape.
I am going on 64 and have never owned a home. Right now I do not see any advantage - if I have a problem, the landlord/owner pays for it, not me. BUT - the wife has her heart set on owning something, just so she can repaint, knock down walls, etc. I figure to buy in the next year, but do not expect to ever pay it off before I shuffle off the coil. If/when I retire, I would probably go to the Dominican Republic to buy, since that is where she was born, and my social security check would be considered upper middle class there.
