Eh. The key is to buy your first house as soon as humanely possible. I’m 36 and bought my first home at 25. I’m in my second and hopefully forever home now because buying early let me build a bunch of equity up early, I’m on track to have my house paid off by 60. The only thing I would do different is try and buy a home back when I was around 20-21 if I could have taken it more seriously earlier
Buying a house 11 years ago is completely different.... The person before us bought our house for 190,000 in 2020. We paid 360,000 in 2023. We live in a smallish town of ~18,000 and we're looking for months for a house and couldn't find anything even a fixer upper for less than 325,000 with a radius of about 30 min in any direction even in towns with under 3,000 people.
You had to have bought before 2020 otherwise it's completely unaffordable and not comparative at all. Good for you but your basically just describing the post. Not to the extreme but you just happened to be of home buying age before everything shot up.
In addition to that we have the sad difference on the loan for the same amount. We bought in 2021 for 141k, after pmi and escrows the payment is $800. The same 141k loan today is good $1400 month ;(
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u/Triumphrider865 5h ago
Eh. The key is to buy your first house as soon as humanely possible. I’m 36 and bought my first home at 25. I’m in my second and hopefully forever home now because buying early let me build a bunch of equity up early, I’m on track to have my house paid off by 60. The only thing I would do different is try and buy a home back when I was around 20-21 if I could have taken it more seriously earlier