Black Hair Media Forum Homepage
BHM BHM BHM
CoCo Black Hair
Forum Home Forum Home > Lets Talk > Talk, Talk, and More Talk
  New Posts New Posts RSS Feed - How old were you when you bought your 1st home?
  FAQ FAQ  Forum Search   Register Register  Login Login
Extensions Plus
 

Topic ClosedHow old were you when you bought your 1st home?

 
 Post Reply Post Reply Page  123 4>
It Always Begin With Beautiful Hair

Premier Lace Wigs

Mynx Hair

Author
 Rating: Topic Rating: 3 Votes, Average 3.67  Topic Search Topic Search  Topic Options Topic Options
TexturizedDiva View Drop Down
Elite Member
Elite Member


Joined: Jan 17 2005
Location: Somewhere
Status: Offline
Points: 13635
Direct Link To This Post Topic: How old were you when you bought your 1st home?
    Posted: Feb 24 2014 at 3:40pm
31, $39,900 condo (original buyer paid $150,000 for it), cash purchase.  Has really saved me from the rising Atlanta rental rates.  Place is paid for - I only pay out about $225 in HOA fees and utilities. 
Best thing I could do, because the place I was about to move to was luring me in at $650 a month rent, and now those same apts. are $875.
Back to Top
Sponsored Links


Back to Top
Cream1970 View Drop Down
Elite Member
Elite Member
Avatar

Joined: Feb 09 2009
Status: Offline
Points: 37285
Direct Link To This Post Posted: Feb 24 2014 at 2:30pm
My gf bought her house the same year as I did and she was 23.
Back to Top
Cream1970 View Drop Down
Elite Member
Elite Member
Avatar

Joined: Feb 09 2009
Status: Offline
Points: 37285
Direct Link To This Post Posted: Feb 24 2014 at 2:28pm
39 yr old , no help
 
4 br, 2.5 bath, 2576 sq feet, all brick, 19 yrs old at the time
 
$140k in a better than average, not amazing, middle class neighborhood. My neighbors are teachers, nurses, retired military,respitory therapists, regular folks, lol.  (for ME, it was all about the quality of the school district because I had kids in school)
 
I put about $6 down, the original owners paid the closing costs and bought my home warranty for the 1st year (covers major appliances, the heating and cooling unit, and saved me THOUSANDS).
 
It's not as easy as I thought it would be. I figured since I had no issues paying $850 a month for a small two bedroom apt, paying a few hundred dollars more a month to buy would be easy.
 
I was not prepared for the cost of ownership.. the maintenance aspect..Good Lord!..(And unexpected things like losing my job, without warning, less than a year later.)
 
Even though I was approved for $160k, I only used $140k and in hindsight, I have waaaay too much house. (I live in Texas, so you get A LOT of house for your money. $140k in other cities is a run down shack, but not in San Antonio, lol)
 
 Both of my kids will be gone in less than a year, wtf do I need alladis house for? I plan to sell in a few years and get a condo.
Back to Top
Ms_Kudos View Drop Down
Senior Member
Senior Member
Avatar

Joined: Jan 27 2013
Status: Offline
Points: 3580
Direct Link To This Post Posted: Feb 24 2014 at 2:18pm
23.
My mom cussed me out for buying a car before a home...it's well worth it.  Depending on where you live, they may have First Time Homebuyer Assistance as well. This could just be your 'starter' home, not necessarily the home you'll have when you're married and have children.
Back to Top
melly View Drop Down
Senior Member
Senior Member
Avatar

Joined: Aug 05 2006
Location: canada
Status: Offline
Points: 4595
Direct Link To This Post Posted: Feb 24 2014 at 12:22pm
Originally posted by Maple Syrup Maple Syrup wrote:

Originally posted by leftywefty leftywefty wrote:

I hope this isn't being to invasive, but anyone who has purchased a home care to say how much money they put down, and how much the place was?
It's no joke out here in boston, seems like homeownership is becoming a thing of the past in these northeastern cities. The 2bd condo i'm renting is valued at 200k…TWO BEDROOM!




When I live that's cheap, That's the starting price for a 1 bedroom.

At Toronto current prices- It look like I'm going to be a renter for life.



http://toronto.kijiji.ca/c-real-estate-condos-for-sale-OWN-A-CONDO-500-MONTHLY-MINUTES-TO-DOWNTOWN-TORONTO-ON-LAKE-W0QQAdIdZ567119724QQfeaturedAdZtrue
Back to Top
ThatGurlD View Drop Down
Elite Member
Elite Member
Avatar

Joined: Dec 09 2008
Location: Washington
Status: Offline
Points: 44492
Direct Link To This Post Posted: Feb 22 2014 at 12:53am
32, $300,000 for a 1900 sq ft 3 bedroom with a 2-car garage and fenced yard.  It is my DREAM house.  We waited until the rates dropped.  Hubby is a veteran so no down payment.  I can't get over this place.  It's not huge (we have 3 kids) but it's so right for us.  By a lake and lots of trails, good schools.  Not nearly the biggest or smallest house in the neighborhood (good resale value).

We had a ton of pressure.  We looked for TWO YEARS!!  Between not finding what we loved and not having our finances truly on point, we stopped looking a couple times in the past but they say the third time is a charm.  If buying a home isn't right for YOU, don't do it.  It's financial fitness, it's timing, it's location, resale, work proximity, finding a community you really want to be a part of.....it's so many things.  I couldn't be happier but we waited until it was right for us.  Now many of the same people who were urging us to buy during the bubble have been foreclosed.  Now is a great time if you can, but housepoor is not an investment in my opinion.  I'd personally rather rent and have lots of positive cash flow than buy and have nothing but a house.  Even if you don't buy now, you can start getting in position to buy.  I raised my credit score 88 pts in 7 months and that made a huge difference in the rate we ended up with.  In the words of my daddy, "Y'all stole this house!" Being a homeowner feels good but getting a great deal feels even better. 

Good luck OP!
Back to Top
Katrenia View Drop Down
Elite Member
Elite Member
Avatar

Joined: Jan 12 2005
Location: Cali
Status: Offline
Points: 61086
Direct Link To This Post Posted: Feb 21 2014 at 7:36pm
Originally posted by MinnyMiss16 MinnyMiss16 wrote:

Dang, so who can actually help me plan this out? Im so serious! PM ME Smile

Go to the city hall of your city and several other surrounding cities to find out about home buying incentives. Some cities offer no down payment if you qualify and many have different first time buyer plans. 
Most of these programs are funded early in the year and once they've been depleted, there may be a waiting list or they'll stop accepting applications.
NACA is a good program but with them you must be persistent.
Back to Top
MinnyMiss16 View Drop Down
VIP Member
VIP Member
Avatar

Joined: Jan 02 2007
Status: Offline
Points: 5438
Direct Link To This Post Posted: Feb 21 2014 at 7:10pm
Dang, so who can actually help me plan this out? Im so serious! PM ME Smile
Back to Top
Sang Froid View Drop Down
Elite Member
Elite Member
Avatar

Joined: Aug 08 2010
Location: Ethiopia
Status: Offline
Points: 329070
Direct Link To This Post Posted: Feb 21 2014 at 5:11pm
I probably won't look to buy until I'm married. 
Back to Top
nitabug View Drop Down
Elite Member
Elite Member


Joined: Sep 25 2008
Status: Offline
Points: 339358
Direct Link To This Post Posted: Feb 21 2014 at 5:09pm
24 or 25
Back to Top
Sunwell
China Lace Wigs
Get Healthier Stronger Longer Hair
Netwurks Xcel21
Human Hair Wigs
 Post Reply Post Reply Page  123 4>
  Share Topic   

Forum Jump Forum Permissions View Drop Down