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Post by Cvslfc123 on Apr 23, 2018 3:56:27 GMT -5
As a 26 year old in London, this will never happen
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Cranjis McBasketball
Crow T. Robot
Knew what the hell that thing was supposed to be
Peace Love and Nothing But
Posts: 41,891
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Post by Cranjis McBasketball on Apr 23, 2018 6:12:36 GMT -5
24ish....
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Post by bootytea on Apr 23, 2018 11:48:19 GMT -5
If I remained single, I could easily see myself owning one by 40.
Right now its looking at around 45-50 if I'm lucky.
Not even sure how good of an investment it is with all the influx of condos being built.
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Sephiroth
Wade Wilson
Surviving
Posts: 28,891
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Post by Sephiroth on Apr 23, 2018 11:50:07 GMT -5
Gah, threads like this make me feel like crap about myself. I turn 30 next month and I still rent an apartment, and at the present time, there's just no way I could afford a home. I’m 35 and still love in an apartment
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Post by YAKMAN is ICHIBAN on Apr 23, 2018 12:05:32 GMT -5
I bought a one bedroom condo with my wife in 2010. Sold it last year because a one bedroom condo with a baby was not a workable situation.
I think I paid 115,000. Sold it for only 105-ish. Market just hadn't picked up in our pocket of Chicago. We actually had to bring money to the closing.
I have no idea how we will ever save up enough money to have a down payment on a house again. Daycare is f***ing insane (We're paying 1600 a month) and it has basically sapped our contributions to our retirement and savings accounts.
I think this is where a lot of students get hit. Were it not for my student loan payments I'd be saving away a lot more.
Now in a 3 bed apartment for 1435 a month.
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Post by 'Foretold' Joker on Apr 24, 2018 11:12:18 GMT -5
Hahahaha with London prices! ... oh wait you are being serious.
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Post by Muskrat on Apr 24, 2018 11:17:31 GMT -5
19 I bought my first mobile home, and 23 I bought my first actual house. Low cost of living where I'm at, so it's very obtainable for young people to become homeowners.
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Post by tankisfreemason on Apr 24, 2018 15:42:24 GMT -5
I’m 31 and looking to purchase a townhouse within the next 3-5 years. The intended plan is to have 2-3 floors and rent out the floors I don’t occupy to tenants. The rent they pay will be enough to cover the mortgage, and I can then save money to do it again.
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The Unconquered Sun
King Koopa
He has no pants! What a heathen!
Lord of Storms and Kittens!
Posts: 11,548
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Post by The Unconquered Sun on Apr 24, 2018 15:48:33 GMT -5
30, but if I didn't have a family I would still be living in an apartment
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@TenaciousBe
Hank Scorpio
Guess who's back... back again
Posts: 5,659
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Post by @TenaciousBe on Apr 25, 2018 3:50:55 GMT -5
Last year, at the age of 37. But only because I got married and my wife got her old house in her divorce, so we got to use it as a down payment on the new place.
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Nikki Heyman
Fry's dog Seymour
EXTREEEEEME Pony Manager
✬ Believe In The Fight ✬
Posts: 24,018
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Post by Nikki Heyman on Apr 25, 2018 4:03:04 GMT -5
Gah, threads like this make me feel like crap about myself. I turn 30 next month and I still rent an apartment, and at the present time, there's just no way I could afford a home. don't worry bout it. It's difficult to save for a home and even harder to maintain it, with bills and upgrades and upkeep. I'm fortunate and grateful and lucky i was able to buy one in the first place. If it helps, I've never even sniffed at buying a house or condo, and I'm one of the older posters here. I also live by myself, so I would have a hard time with upkeep.
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Ultimo Gallos
Grimlock
Dreams SUCK!Nightmares live FOREVER!
Posts: 14,359
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Post by Ultimo Gallos on Apr 25, 2018 5:46:11 GMT -5
19 I bought my first mobile home, and 23 I bought my first actual house. Low cost of living where I'm at, so it's very obtainable for young people to become homeowners. , That is how it is in MS. Outside of the gulf coast area and Jackson,Natchez,Vicksberg and Tupelo. It use to be cheap to live on the gulf coast. Then Katrina hit and prices went way up. Most of my friends that still live on the coast just rent apartments or houses. The area outside town I live in now has seen the prices go up hugely in the past 10 years. A major part of it is this area is in a good school district. We got neighbors that lived in Natchez and moved from Natchez to this tiny rural town so their daughter to goto what is considered one of the best public schools in the state. The other major reason the value of the land went up is I live on a private lake. And more and more older retired people want to move out of town and come out here. Until last summer I was the youngest person living out here. And I am in my mid 40s. Sure it sucks that I have to drive at least 15 minutes to get to the nearest store. And if it is after 10pm I have to drive almost 20 minutes to the only store that is open. But the peace and quiet,except for during deer season,makes up for that.If I want to sit out on my back porch in just my boxers and read a book I can. Plus when the zombie apocalypse happens I am in a great place. Got water on 3 sides of the property. So not only is that a source of water and food. It means there is only one way in. Secondly since almost all my neighbors are elderly people they will be the first to get eaten by the zombies. Add in that most of the neighbors are hunters. So there is piles of guns and ammo out here. And the final thing is most people out here have a garden and a few have orchards. So there is another supply of food.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Apr 28, 2018 7:45:41 GMT -5
25, got it when it was "easier" to get a home. After the housing bubble crashed, illegal lending practices were found out and they started cracking down on these folks. (I keep up on this stuff, as I work in the manufacturing of construction materials. If homes/businesses are being built/rehabbed, our business is good and I work a lot. When the bubble burst in '08, I was burning up vacation days just to get a 40 hour check.)
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Post by Kevin Dunn on Apr 28, 2018 17:53:07 GMT -5
I'm 35 and never have. I've lived in/rented apartments all my life and have no reason to change that. youd rather pay rent the rest of your life?
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Post by Duke Cameron on Apr 28, 2018 18:55:37 GMT -5
I'm 35 and never have. I've lived in/rented apartments all my life and have no reason to change that. youd rather pay rent the rest of your life? Yes, and I’m obviously not the only one according to other posts in this thread.
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Jelly
Team Rocket
SUPER FANTASTIC
Posts: 955
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Post by Jelly on Apr 29, 2018 6:13:34 GMT -5
I bought a house and land package at 27. Had to live with my parents for a bit to save up for it, since it’s not cheap to buy where I live.
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Nr1Humanoid
Hank Scorpio
Is the #3 humanoid at best.
Posts: 5,475
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Post by Nr1Humanoid on Apr 29, 2018 15:21:07 GMT -5
I honestly prefer renting, even at 42.
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Ultimo Gallos
Grimlock
Dreams SUCK!Nightmares live FOREVER!
Posts: 14,359
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Post by Ultimo Gallos on Apr 29, 2018 17:55:30 GMT -5
Renting has it advantages. But owning your dwelling does as well.
Once my lady and I get moved we will be renting.
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Sam Punk
Hank Scorpio
Own Nothing, Be Happy
Posts: 6,304
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Post by Sam Punk on Apr 29, 2018 23:35:07 GMT -5
The big issue is that developers are not building affordable housing. They would rather build 2000+ sqft mcmansions because they get a bigger profit. How many new houses do you see that are ~1200 sqft? Very few, if any. Plus a lot of the existing smaller houses were bought up by investors during the recession and turned into rental properties. So if you're looking for a smaller affordable place, you'll face a lot of competition for not a lot of supply. It's relatively cheaper to buy a large house.
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Sam Punk
Hank Scorpio
Own Nothing, Be Happy
Posts: 6,304
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Post by Sam Punk on Apr 29, 2018 23:45:58 GMT -5
Gah, threads like this make me feel like crap about myself. I turn 30 next month and I still rent an apartment, and at the present time, there's just no way I could afford a home. I hear that. I cut costs as low as I possibly can and still I can only save about $1,000 a month. Seems only the wealthy can afford to buy a home.
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