When did you buy your first house?

[coldaudio]

How old were you, and did you do it alone? I'm at a point in life where I'd really like to purchase my first house, but with prices continually rising, I feel like I'm back on the east coast and will never be able to afford one

[Great-Kazoo]

early 20's wife with child, 1981 18.5% mortgage rate? we went VA and IIRC it was 19-20% Thank you J. carter House cost $28K on LI. 2 bd 1 bth full basement, atti,c quiet neighborhood. $5K down stroke. Sold it for $80K 3yrs later. The same house is now appraised for $385K No wonder east and west coast folks can afford mickey d mansions.

[MrPrena]

year : late 2008
location: 80602

I got tired of rent keep rising faster than a cost of a silver. It was one of the worst experience ever, because of the tighten credit at that time. Next house will be all cash. I am so sick and tired of financing a house.
If rent wasn't rising, I would rather rent a house.

[Mick-Boy]

2007. I was 24 years old and single. 6.5% interest rate at the time.

[Madeinhb]

early 20's wife with child, 1981 18.5% mortgage rate? we went VA and IIRC it was 19-20% Thank you J. carter House cost $28K on LI. 2 bd 1 bth full basement, atti,c quiet neighborhood. $5K down stroke. Sold it for $80K 3yrs later. The same house is now appraised for $385K No wonder east and west coast folks can afford mickey d mansions.

Not west coast anymore. Houses have skyrocketed but incomes haven't.

[mtnrider]

January 1991, 25 years old and did it on my own. Right in the middle of the purchase I had to give power of attorney to my Dad to close as I was on my way to the middle east. Never forget it.

[bgouker]

1980, 18 percent, just married, 50k, 23 yrs old

[newracer]

Now is the time to buy, interest rates will never be lower.

[Monky]

Right before the bottom fell out. It sucked


Sent by a free-range electronic weasel, with no sense of personal space.

[GilpinGuy]

I was 23, so 1993. Got a 4 bed/2 bath at Sheridan and 76th in Westminster for just $92K. Amazing to think about now. With the FHA loan and all that, my payment was $690 a month. I forget what the interest rate was. I had a full bedroom dedicated to growing....oh, forget that. Two decades too early for that.

I remember my real estate guy saying to me "We won't see any other homes like this under $100K." He was right. I sold it for $175K five years later and bolted to the mountains. Ahhh, the good old days.