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#1
11-08-2005, 02:36 PM
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Do you own or rent your home?
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#2
11-08-2005, 02:38 PM
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Re: Do you own or rent your home?
Just curious where OOT'ers call 'home'.
On a side note, are there any homeowners here under 25 on here?
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#3
11-08-2005, 02:40 PM
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Re: Do you own or rent your home?
[ QUOTE ]
On a side note, are there any homeowners here under 25 on here? [/ QUOTE ] I was a homeowner shortly after my 24th birthday, but I'm 25 now.
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#4
11-08-2005, 02:46 PM
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Re: Do you own or rent your home?
[ QUOTE ]
[ QUOTE ] On a side note, are there any homeowners here under 25 on here? [/ QUOTE ] I was a homeowner shortly after my 24th birthday, but I'm 25 now. [/ QUOTE ] FWIW, I always pegged you as early-mid 30's.... You're off to a great start! Add an extra 10% to every mtg payment & you'll own it in 20... edit: 35, owner
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#5
11-08-2005, 02:49 PM
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Re: Do you own or rent your home?
[ QUOTE ]
Just curious where OOT'ers call 'home'. On a side note, are there any homeowners here under 25 on here? [/ QUOTE ] bought first home at 23, cashed out a few years later, am now waiting for the inevitable market correction and aspects of my life to stabilize before buying again. in my case i was able to buy at a young age with minimal capital due to a high income, great credit, and the home being in a developing suburb.
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#7
11-08-2005, 02:49 PM
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Re: Do you own or rent your home?
[ QUOTE ]
Just curious where OOT'ers call 'home'. On a side note, are there any homeowners here under 25 on here? [/ QUOTE ] I "own" my condo, but not as much as the bank, as Patrick points out. I'm 23, I bought the condo when I was 20.
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#8
11-08-2005, 04:35 PM
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Re: Do you own or rent your home?
Purchased at 26. 29 now. I will be paid off in 8 more years at my current pace. Took a 15 year instead of a 30 and pay as much as possible extra each month. Part of any extra money I can scrape up goes to savings and investment, part to pay down the mortgage.
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#9
11-08-2005, 02:39 PM
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Re: Do you own or rent your home?
As of right now, the bank owns my home more than I do. At the current rate, I'll own it in full in about 28.5 years.
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#10
11-08-2005, 02:40 PM
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Re: Do you own or rent your home?
[ QUOTE ]
As of right now, the bank owns my home more than I do. At the current rate, I'll own it in full in about 28.5 years. [/ QUOTE ] Same here. Just refinanced and did a cash out, to consolidate some credit cards.
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