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.
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.
"One man's wage rise is another man's price increase." - Harold Wilson
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"You can easily judge the character of a man by how he treats those who can do nothing for him." - James D. Miles
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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.
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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.
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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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37 years old in Columbus Ohio. My advice to you is wait until you get married, if you are not, because I learned the hard way, women HAVE to pick the house. I had a woman for 6 years and bought her a house and we broke up because she didn't like it; so now I am stuck with it. Housing is fairly cheap in the mid-west U.S., but I'd almost prefer to live in an apartment. I am stuck with neighbors who throw trash in my yard and cutting the grass and other upkeep. I will admit that I put 20% down and have very low payments that let me buy a 9 month old car 1 year ago with cash and I'm currently on holiday in Thailand, living the life!
Good heavens, man. That is a fact that we, as men, have to learn very early in life. YOUR WIFE HAS TO MAKE ALL THE DECISIONS THAT AFFECT YOU BOTH, otherwise your marriage won't last long. I've been married for 53 years now and I haven't made an important decision in all that time. My wife even chooses what clothes I wear when we go out. It saves such a lot of arguments that way.
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Good heavens, man. That is a fact that we, as men, have to learn very early in life. YOUR WIFE HAS TO MAKE ALL THE DECISIONS THAT AFFECT YOU BOTH, otherwise your marriage won't last long. I've been married for 53 years now and I haven't made an important decision in all that time. My wife even chooses what clothes I wear when we go out. It saves such a lot of arguments that way.
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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 first house at 35. Second house at 38. Now 58 and that house is paid for. With taxes, insurance, and maintenance payments never go away, but it's nice to not have a mortgage payment.
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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 and the wife to be was 19, in the islands just across from the land down under. A small box on an undeveloped section for $64k. 1986 and interest rates were 20%. Most of our furniture was borrowed or cast-offs from family and friends. Life was exceedingly minimalistic for a year or two while I worked massive amounts of overtime and pumped it all into repayments. A few years later (while living/working in Melbourne and renting house) prices started to slump. Eventually sold, probably broke even. But after moving back to NZ, we've ended up (15 years ago) with a large old farmhouse on 2 acres we got for a shade over $300k, 10km from town (and 75km from work, so that's a fair bit of commuting each day). Value has seriously increased and am having to constantly tell the bank that no, I'm not really interested in buying more property - although a holiday home in France or Italy is on the wife's (same one) radar. There's no point looking at stuff you haven't a hope in hell of gathering a deposit for. Look further out even if you end up with a serious commute. Make a plan, figure out a budget for saving and stick to it. Nothing comes on a plate unless you inherit it.
If your neighbours don't listen to The Ramones, turn it up real loud so they can. “We didn't have a positive song until we wrote 'Now I Wanna Sniff Some Glue!'” ― Dee Dee Ramone "The Democrats want my guns and the Republicans want my porno mags and I ain't giving up either" - Joey Ramone
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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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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 25 when I bought my current apartment. But I got very lucky, the place had been on the market a long time (so price went down) and was a dump. But had the right size (2 bedrooms). And I got a very cheap loan. I did spend 2.5 years renovating it together with my father but all worth it in the end.
Tom
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Michael Martin wrote:
Where in Oz are you?
Sydney
Zen and the art of software maintenance : rm -rf * Maths is like love : a simple idea but it can get complicated.
virang_21 wrote:
Sydney
I live in the North Western suburbs, Mount Druitt. I'm in the CBD working Thursdays and Fridays the next 3 weeks if you want to catch up for a coffee.
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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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 30 when I bought my first house. I needed the tax break from the mortgage interest and was in the military so the housing allowance I received easily covered the monthly mortgage. I also got a VA loan so I needed just a tiny down payment. Got married six years later and the wife and I bought a much bigger house a year later. We kept my original house and rent it out for nearly twice the monthly mortgage. We've since purchased a third house which we rent to her parents.
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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 28 - but I got the place from a guy I worked with and it needed work so he let it go at a good price. We just did the paperwork through a lawyer and left the banks out of it. I have a fixed rate loan on it and pay him directly. So, that means I didn't have a downpayment to make.
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