At What Age...

[KCrockaholic]

Originally Posted by ThaVirus

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.

You and I are in identical situations. Didn’t realize you were also early 30’s all along here. Never had guidance or anything either. I’m currently renting a really nice house for a cheeeeap price in Desoto. Wish I knew more about finances growing up as well.

I think learning on the fly could end up making guys like us really become more cerebral down the road once things are steady more. Learning on the fly is a quite a journey.