Life At What Age...

ThaVirus · 04-13-2022, 03:20 PM

I'm in my early 30s and have yet to begin the process of purchasing my first home. A lotta bit of what SuperChief mentioned earlier has been an issue. Surging housing costs in a major metro area are a big issue and, admittedly, it did take me quite a long time to secure a job that paid what I'd consider a good wage after school.

In retrospect, I definitely should have bit the bullet a few years back and just bought. Even if it was a town home, I'd be in a much better position now.

Issue was, I was stuck on wanting to save up a ton of money for a down payment thinking it'd be smart to reduce the monthly cost (particularly PMI). I know now that that is generally not a great idea and that money is better spent elsewhere; but I never had any guidance from my parents in the whole process so I'm learning everything on the fly.

Like in most situations, I wish I knew then what I've learned now.

View Poll Results: At what age did you pay off your primary residence?
Before age 30	2	2.56%
30-35	1	1.28%
36-40	7	8.97%
41-45	5	6.41%
46-50	10	12.82%
51-55	18	23.08%
56-60	9	11.54%
61-65	6	7.69%
66 or over	1	1.28%
Probably never going to pay off my primary residence	19	24.36%
Voters: 78. You may not vote on this poll

04-13-2022, 03:20 PM	#24
ThaVirus 5 o’clock free crack giveaway Join Date: Sep 2007 Casino cash: $-1627631	I'm in my early 30s and have yet to begin the process of purchasing my first home. A lotta bit of what SuperChief mentioned earlier has been an issue. Surging housing costs in a major metro area are a big issue and, admittedly, it did take me quite a long time to secure a job that paid what I'd consider a good wage after school. In retrospect, I definitely should have bit the bullet a few years back and just bought. Even if it was a town home, I'd be in a much better position now. Issue was, I was stuck on wanting to save up a ton of money for a down payment thinking it'd be smart to reduce the monthly cost (particularly PMI). I know now that that is generally not a great idea and that money is better spent elsewhere; but I never had any guidance from my parents in the whole process so I'm learning everything on the fly. Like in most situations, I wish I knew then what I've learned now.
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