Am I the only one that knows this?

[rivermobster]

I never expected to be able to buy my first house in Beverly Hills or San Marino.

I bought my first 3/2 house, with a pool, in...

Baldwin Park!!!

For those that don't know, it's a certified shit hole. Helicopters, gun shots and sirens all night. I was a first time home buyer at 28, I felt Damm lucky to have it.

But before that happened...

***I read all I could about real estate, and took the class agents take to get their RE license.***

Why?

So when some RE agent started talking shit to me, I would Know he was full of shit! They also teach you about loans in that class. Everything you need to know. I started all this YEARS before I bought my first house.

All I read today is...

Boo hoo. Poor me. I'll never be able to afford a house.

Bullshit!!!

Use the grey matter God gave you and start planning. Will it take years to save a 20 percent down payment??

Yes it will. It takes dedication. It takes work. It takes planning. And it takes knowledge. Knowledge you won't gain sitting on your hands and whining.

I sold almost Everything I owned to get the money for the down payment, and bought it all back in spades.

I now own a house worth over a mill in the foothills. Anything can be done if you're willing to WORK.

Any other success stories out there??

Let's hear how you did it! Let's teach the kids something today.

 

[Pattle]

Similar. I was 38 when I got my house. I'm not a believer in the starter home theory due to transaction fees when buying/selling, so I waited until I could buy what I wanted. Living in cheap apartments and saving money for years. I also got some help when the housing market went to shit in 2008 - I was able to buy from a divorced couple forced sale so got a good deal. Now I'm sitting pretty.

 

[monkeyswrench]

I couldn't afford BP...first house was a bank repo in Rubidoux...in 99. It looks as if it's come up the past few years though. I sold a Panhead, a 29 Tudor and a 64 Impala for my down payment. All three bought as baskets, none finished but all three ran good enough to sell. 12$ an hour, and a whole heck of a lot of side work. Scraped enough to even get married the following summer.

I don't think it's ever been easy. The numbers get bigger, but I don't think it's much harder really. A 40hr week is for when things are stable, but I was never able to get ahead with just that. There had to be a side hustle of some type.

 

[hallett21]

I never expected to be able to buy my first house in Beverly Hills or San Marino.

I bought my first 3/2 house, with a pool, in...

Baldwin Park!!!

For those that don't know, it's a certified shit hole. Helicopters, gun shots and sirens all night. I was a first time home buyer at 28, I felt Damm lucky to have it.

But before that happened...

***I read all I could about real estate, and took the class agents take to get their RE license.***

Why?

So when some RE agent started talking shit to me, I would Know he was full of shit! They also teach you about loans in that class. Everything you need to know. I started all this YEARS before I bought my first house.

All I read today is...

Boo hoo. Poor me. I'll never be able to afford a house.

Bullshit!!!

Use the grey matter God gave you and start planning. Will it take years to save a 20 percent down payment??

Yes it will. It takes dedication. It takes work. It takes planning. And it takes knowledge. Knowledge you won't gain sitting on your hands and whining.

I sold almost Everything I owned to get the money for the down payment, and bought it all back in spades.

I now own a house worth over a mill in the foothills. Anything can be done if you're willing to WORK.

Any other success stories out there??

Let's hear how you did it! Let's teach the kids something today.

I totally get your sentiment. But if you track home prices and rates through the 70s to 90s vs wages it’s just not close to comparable.

I think we need to get back to saying it’s ok to take a risk on buying a home. You need a place to live in and rent never goes down .

Unfortunately your generation (not directed at you) has been talking out both sides of their mouth for a while now. Buyers of 2007-2009 were reckless/dumb/etc, and now we are back to an all time high (pricing and rate wise).

Meanwhile the same people say, pull yourself up by your bootstraps and get busy living or get busy dying lol. I can literally feel the “I told you so” comments that are coming for home buyers of 2020-2024.

We bought in 2018 and everyone said we were out of our mind. Meanwhile we know multiple couples that have good jobs who cannot afford to buy.

 

[MPHSystems]

My first place was 886 SqFt condo 150’ from the train tracks. It was all I could afford.

 

[Dunerking]

My fiancé(now wife) we’re renting in Burbank..both working. Liquidated everything I had to scratch up $74,+++ to buy our first home in Shadow Hills in 2003 which was a fixer upper for $345k. It was an acre lot and was able to generate income from the property by storing friends boats,RV’s,etc which just about covered the mortgage ($18++). Sold that in 2008 for $575k…bought next place in Saugus as a short sale for $445k did a bunch of upgrades and sold it in 2019 for $982k and bought our (hopefully last home in Cali) place in Agua Dulce for $965k. It’s on 3 acres and also like our first place store friends stuff which is now more than covering the mortgage of $1300 a month. All of the friends that store here are getting a way better deal than a storage place and it’s paying for our place..it’s a win win. So that’s how it has worked for us..

 

[Wizard29]

I never expected to be able to buy my first house in Beverly Hills or San Marino.

I bought my first 3/2 house, with a pool, in...

Baldwin Park!!!

For those that don't know, it's a certified shit hole. Helicopters, gun shots and sirens all night. I was a first time home buyer at 28, I felt Damm lucky to have it.

But before that happened...

***I read all I could about real estate, and took the class agents take to get their RE license.***

Why?

So when some RE agent started talking shit to me, I would Know he was full of shit! They also teach you about loans in that class. Everything you need to know. I started all this YEARS before I bought my first house.

All I read today is...

Boo hoo. Poor me. I'll never be able to afford a house.

Bullshit!!!

Use the grey matter God gave you and start planning. Will it take years to save a 20 percent down payment??

Yes it will. It takes dedication. It takes work. It takes planning. And it takes knowledge. Knowledge you won't gain sitting on your hands and whining.

I sold almost Everything I owned to get the money for the down payment, and bought it all back in spades.

I now own a house worth over a mill in the foothills. Anything can be done if you're willing to WORK.

Any other success stories out there??

Let's hear how you did it! Let's teach the kids something today.

Gunshots and sirens all night when you were 28? I'm calling bullshit. Guns weren't even invented yet.

 

[RadMan]

I caved on principle to earn that Only Fans money

 

[YeahYeah01]

I dont think you should wait to have 20% if your paying rent that is equal or more to what your mortgage would be. Take the FHA or find i=if you qualify for and DAP programs. Just get it done.

I got my 1st one on the last downfall in 09, was 22 and stretched everything I could to buy a certificated POS for 94k lol. Put a ton a sweat equity into and learned a bunch in the process and sold it right before the boom for for 150k and manged to make a good chunk considering I did the renovations myself. Bought the house I am in now for 280 and its worth a hell of a lot more, so I would have been nice to have waited on the old house and make more money on it but then I would have paid more for the next one so its all relative. I was not in a position to rent the 1st one but I do wish I would have figured it out.

 

[JL95]

I'll be the jackass and say I got in in June of 2020 (at 24yo) and refi'd my house 3-4 times since following the rate down to 2.85%. Took about 4 years to stash the down.

I do wish we were in the position we are in now, when we were in the market back then. My wife works now and i feel we could have snagged the next level house up.

Now that house means $875k and no side yard lmao.

 

[Bigbore500r]

I never expected to be able to buy my first house in Beverly Hills or San Marino.

I bought my first 3/2 house, with a pool, in...

Baldwin Park!!!

For those that don't know, it's a certified shit hole. Helicopters, gun shots and sirens all night. I was a first time home buyer at 28, I felt Damm lucky to have it.

But before that happened...

***I read all I could about real estate, and took the class agents take to get their RE license.***

Why?

So when some RE agent started talking shit to me, I would Know he was full of shit! They also teach you about loans in that class. Everything you need to know. I started all this YEARS before I bought my first house.

All I read today is...

Boo hoo. Poor me. I'll never be able to afford a house.

Bullshit!!!

Use the grey matter God gave you and start planning. Will it take years to save a 20 percent down payment??

Yes it will. It takes dedication. It takes work. It takes planning. And it takes knowledge. Knowledge you won't gain sitting on your hands and whining.

I sold almost Everything I owned to get the money for the down payment, and bought it all back in spades.

I now own a house worth over a mill in the foothills. Anything can be done if you're willing to WORK.

Any other success stories out there??

Let's hear how you did it! Let's teach the kids something today.

Bought our first home when I was 27.

I started a side buisiness evenings and weekends, soucing / building motors and assembling turn-key EFI powertrain combos for hotrods / off road vehicles.
That spawned into doing motor swaps and upgrades for some people, if I had time.

Worked 40-50 hours a week doing construction as my day job.

Used the cash to pay off all debt and put money away for a down payment.

Houses were cheaper then, it would take a bit longer today to save but I still think it's doable.
The issue now days is the morgage payment on a 900k home VS a 400k home . . . Theres ways to get the down payment together, but that monthly nut is much larger.
Not to mention rates being 6-7% on near $1M. A single person has no chance, you'd have to be a hard working marrried couple with disciplin and some good income.

 

[RVR_RCN]

Bought my first house in 97, it was the dumpiest house in a decent neighborhood, paid $209k which was over my head at the time. Was built in 1956 and much was original, carpet, floor, baths, and kitchen were all thrashed. Lived with it for 2 years before I could afford to put any money in for improvements. Sold it in 2004 for over $500k. Bought up to a bigger newer house in Corona and by 2008 was upside down big time. Hung on and just viewed it as paying rent at the time, still in the same house which is now over 1mil.

If i was a young person now, I would be looking to get into a condo, townhouse or fixer just to get in the game, build equity and in time buy up.

 

[TimeBandit]

It's a conversation I have with my kids on the regular.

Two of the three have a pretty fat savings account but that won't put a dent in a new home price.

One thinks everybody has car payments and credit card debt and that's normal.

My wife is afraid they are going to move to a cheaper state and you know she wants to follow the grandkids wherever that may be.

 

[YeahYeah01]

I'll be the jackass and say I got in in June of 2020 (at 24yo) and refi'd my house 3-4 times since following the rate down to 2.85%. Took about 4 years to stash the down.

I do wish we were in the position we are in now, when we were in the market back then. My wife works now and i feel we could have snagged the next level house up.

Now that house means $875k and no side yard lmao.

agreed on that man. When I got the 2nd house my now Wife and then fiance did not go on the loan, I wanted to make sure I could do everything solo, but if I would have just trusted that would tie the knot and build a family I would have for sure put her on it and bought the dream house at 27. At least what we have is pretty nice and large with a yard.

 

[Romans9]

Some people hustle, some don’t……

My wife and I lived in a converted chicken coop when we first got married. At night the ghosts of chickens past would watch me do the horizontal bop, it was embarrassing when they would talk cock in front of us…..

Bought a house, remodeled it. Sold it.
Built new house, sold it.
After the crash of 07/08 we lived in my shop while we built a new house (the one we are selling now).
Living in the shop for a year was a story my 4 children will never forget……

 

[havasujeeper]

I bought my first house in 1974, when I was 19 years old. Those rent payments of $105 a month were outrageous, so I sunk $2k into a VA repossessed house in Hacienda Heights. I paid $21,950. It made my house payment go up to $135 a month (PITI), but it was the smartest move ever. Now, I wish I bought a few dozen of them Million Dollar homes!

 

[Wizard29]

Aside from giving the mobster shit for being as old as dirt, I'll say that I bought my first house when I was 21 or 22. Made a good bit of money on it and bought a bigger house. Lost my ass on that one in the 2008 crash, but recovered and after getting out from under that one, bought another decent place I lived in for about 8 years. Ex and I divorced during that time and I did everything I could to keep that place and was able to. Met my new wife a few years later and we both sold our houses to buy the pretty darn decent place we have now up in the hills. We currently have a 2.65% interest rate and equity has increased over $1M since we bought it.

I hear the same "I'll never be able to afford a house" story from younger folks often. They are the same ones driving a Mercedes, drinking, going to parties and concerts, have the hottest new phone, and whatever else. It may be a little tougher than it used to be to buy a house, but it can be done if you are willing to make that the priority like I did. It's no wonder they can't afford a house when all their cash goes to the fun items I've mentioned above. Just perplexes me that society in general doesn't seem to see that. I went through a divorce and a market crash and I still enjoy a nice view every night. I made home ownership a priority. This new generation seems like they would just curl up and cry.

My wife's niece and nephew (technically mine too, I guess, but on her side) will be interesting to watch. Both will be out of high school next year and I'm pretty sure they haven't been taught the first thing about making sure they buy a home as soon as possible. My wife's sister and her husband aren't exactly hard chargers and live in a house that was purchased for my wife's sister by her parents. She pays them a very small monthly amount for it. No real mortgage, not a lot of effort into having to acquire the place. Pretty sure that lack of understanding and motivation will pass on to the two kids. Nobody is teaching them and putting a foot in their ass to do better. Pretty sure they think someone will provide a house for them at some point. This aunt and uncle sure as fuck won't, I'll tell you that.

 

[monkeyswrench]

If i was a young person now, I would be looking to get into a condo, townhouse or fixer just to get in the game, build equity and in time buy up.

This is what I did in 99. Lived in one room, and went through the house as money permitted. I paid 93, sold in two years for about 130. That wasn't much, but that and then my new bride's income, and moved up to the next. In 06, bounced to the next house, big, fixer, killer neighborhood. By then I was making decent money, but a couple kids and another on the way. In 12, wasn't making much, but still had really decent equity. Rolled the dice, cashed out what we could. Paid for a 2000sqft bank owned house on 10ac out here. It's trippled I think. Still a nothing special little house, but it's home. It's also the first one I haven't had to worry about losing.

 

[attitude]

The whole buy a POS house in a shitty neighborhood idea doesn’t work when you have kids.

If nothing changes in next couple of years allowing us to by a house in a decent area what will change is the fact that both of my kids will be in school allowing my fiancée to get a decent job which would up our income drastically.

Until then I will pay my $3k a month rent while my neighbors have double that for their mortgage. Allowing my kids the opportunity to grow up in a nice neighborhood and go to a nice school.

 

[Romans9]

Current house was built with a 120K (in 2013) mortgage and the rest out of pocket as we went.

3800 sq ft 6/5 on twenty acres.

 

[PDQH2O]

Bought a house at 20, had a kid at 21. I wanted toys ( boats, motorcycles, etc), wife wanted more sensible things. Best decision we’ve ever made, I’ve been listening to her ever since. Now we’re comfortably retired in a great place and enjoying the life we’ve built. Wasn’t easy, but well worth it.

 

[ArizonaKevin]

Bought my first house at 24 in 2018 in Mesa, closed on it 4 days before our wedding which made for an expensive week. Just sold it last month for just under double what we paid for it and upgraded and moved down to Gilbert because our shitty neighborhood no longer worked with kids. (sorry @1tonfun your side of the neighborhood was much nicer than mine)

With that being said, I feel bad for the younger kids that are fresh out of college, married and making a combined $150k in the household and struggling to buy a house. 24 year old me and my wife wouldn't have been able to buy our first home for what we sold it for, not even close.

Using Baldwin Park as an example, here is a 3/2 with a pool, probably similar to your first house and it's over $750k. https://www.zillow.com/homedetails/3401-Millbury-Ave-Baldwin-Park-CA-91706/21561224_zpid/

 

[monkeyswrench]

The whole buy a POS house in a shitty neighborhood idea doesn’t work when you have kids.

If nothing changes in next couple of years allowing us to by a house in a decent area what will change is the fact that both of my kids will be in school allowing my fiancée to get a decent job which would up our income drastically.

Until then I will pay my $3k a month rent while my neighbors have double that for their mortgage. Allowing my kids the opportunity to grow up in a nice neighborhood and go to a nice school.

The kid factor is a huge variable. 1st one was with no wife. Second with no kids, but then kids went to private daycare. 3rd house had decent schools, as kids were involved. Turns out, those have different problems, and sometimes schools may be great for some things, lacking in others. 4th house, kids even got a say. All of that happened by the time I was 35.

Time flies. I have one that will f8nish college in the fall. One finished high school a few weeks back, but is facing challenges that may keep them home, at least for awhile. The third has two more years of high school...then, who knows.

We all roll the dice, one way or another. We don't know what's going to happen, with the market, economy or our kids. All we can do is make our choices and try. Some may say it has to be done this way or that, but everyone's situation is different.

 

[OCMerrill]

Gunshots and sirens all night when you were 28? I'm calling bullshit. Guns weren't even invented yet.

Right and that dude is asleep on the couch at 5:00 pm. Seen it a 1/2 a dozen times.
No way he herd anything except the wife telling him to go to bed.

 

[C-Ya]

Here was my hustle when I was approx 20 years old……..

I rented a 4 bedroom home in Redondo for $900 per month. I then rented out the 3 bedrooms to roommates for $300 per month. I lived for free for the next 3 years. I Used that savings to purchase my first home at 24.

If I were doing the same thing today, I would rent a 4 bedroom with multiple Boat/RV parking spaces. lol

 

[monkeyswrench]

Bought my first house at 24 in 2018 in Mesa, closed on it 4 days before our wedding which made for an expensive week. Just sold it last month for just under double what we paid for it and upgraded and moved down to Gilbert because our shitty neighborhood no longer worked with kids. (sorry @1tonfun your side of the neighborhood was much nicer than mine)

With that being said, I feel bad for the younger kids that are fresh out of college, married and making a combined $150k in the household and struggling to buy a house. 24 year old me and my wife wouldn't have been able to buy our first home for what we sold it for, not even close.

Using Baldwin Park as an example, here is a 3/2 with a pool, probably similar to your first house and it's over $750k. https://www.zillow.com/homedetails/3401-Millbury-Ave-Baldwin-Park-CA-91706/21561224_zpid/

I grew up in the Covina/West Covina area. Wife was from Valinda. When she got out of college, she taught 12 years in Baldwin Park. Even in 2000 dollars, she couldn't afford to buy there, at least not a decent, livable home(glass in windows, plaster not falling). She commuted for two years, near 40 miles.

Here's a weird thing. I'm no economist though. My first real job at 16 was 6.25$ hr. Equipment rentals and deliveries. Learned a lot, really could have damaged stuff. Some actual responsibility needed. Up here, a labor kid, to clean out trenches and lug materials, is 15# an hr. If you want one at the site, their own car, about 20. No skills, just grunt...not many with motivation. If people feel everyone is worth at least 20$ an hour, it's only going to get worse.

 

[JL95]

Do you remember Covina Elementary lol^ my dad went there in the 70's and i did kinder and first there in 2001^ It's closed now or converted.

 

[Wedgy]

The whole buy a POS house in a shitty neighborhood idea doesn’t work when you have kids.

If nothing changes in next couple of years allowing us to by a house in a decent area what will change is the fact that both of my kids will be in school allowing my fiancée to get a decent job which would up our income drastically.

Until then I will pay my $3k a month rent while my neighbors have double that for their mortgage. Allowing my kids the opportunity to grow up in a nice neighborhood and go to a nice school.

The last 2, in SoCal, I looked at what schools I wanted my kids to go to, then looked in that district, elementary through HS. Even renting, I have moved to do the same. But the last 2, it worked out well. House wise anyway. LOL.. Ex Wife got the $200K equity from the Escondido pad.
Ex-Wife. Has a nice ring to it. But I sincerely hope it never happens to any of Y'all.

I still have #4, with a 2.5%, payoff in 12. $883 currently, including T&I. Couldn't rent it for that even here in West Texas. Got into this 1364sq ft 3/2/1 7000sq ft lot. with a USDA, 0 down. @4.5% in 2015 Disabled, BK. Refi-d at the low. Nice house nice hood nice town. Love it.

In any case, I also have worked 2-3 jobs to do it. From 1973-2010, when Doc said, "Yer done."
It's a balance, but later in my career, my jobs allowed me the flexibility to be there for the Fam more, which is super important.

 

[OCMerrill]

I bought my first Condo in Rancho Cucamonga back in 1987 at 20 years old. I grew up in Brea and my first wife in Fullerton. Neither one of us wanted to live there because we both continued our lives in the OC with work and for her CSUF. We purchased what we could on a first time buyers bond. 8% interest in 1987 was considered cheap.

 

[JL95]

I really want to get into the murrieta school district for the kids but damn I am good on the $5k plus mortgage.

 

[Bigbore500r]

Forgot to mention - I had NO KIDS when saving for my 1st home.

KIDS ARE EXPENSIVE.

 

[Wedgy]

This town is like stepping back in time. Unreal, less than $100 per sq ft. Nice pads to be had. This one dropped $20K to $169K currently.
I got my "Brick house in town," in 2015, for $69 per sq ft

137 Detroit Ave, Levelland, TX 79336 | MLS #202300257 | Zillow

This 2243 square feet Single Family home has 3 bedrooms and 2 bathrooms. It is located at 137 Detroit Ave, Levelland, TX.

www.zillow.com

 

[NicPaus]

I bought my first house in the hood at 20. I remember walking out my room to the bathroom and all my neighbors could see me in my boxers. As the rest of the house was down to the studs. When it got time to gut the bathroom and my room I moved into my camper in the driveway. That sucked. I lived half of high-school in a cab over camper as my parents went through a divorce in my grandparents yard. So it was like going backwards. My Buddy saw me living in the travel trailer and let me stay in the penthouse at the Normandie casino until my house was liveable again. Should of never sold that house. But live and learn.

 

[hallett21]

The whole buy a POS house in a shitty neighborhood idea doesn’t work when you have kids.

If nothing changes in next couple of years allowing us to by a house in a decent area what will change is the fact that both of my kids will be in school allowing my fiancée to get a decent job which would up our income drastically.

Until then I will pay my $3k a month rent while my neighbors have double that for their mortgage. Allowing my kids the opportunity to grow up in a nice neighborhood and go to a nice school.

I wouldn’t put my wife in a bad area when we first got married. Kids absolutely need to grow up in a safe area.

There’s a huge gap between owning a home as a single male vs having a wife and kids.

 

[Wedgy]

I bought my first house in the hood at 20. I remember walking out my room to the bathroom and all my neighbors could see me in my boxers. As the rest of the house was down to the studs. When it got time to gut the bathroom and my room I moved into my camper in the driveway. That sucked. I lived half of high-school in a cab over camper as my parents went through a divorce in my grandparents yard. So it was like going backwards. My Buddy saw me living in the travel trailer and let me stay in the penthouse at the Normandie casino until my house was liveable again. Should of never sold that house. But live and learn.

Stay with it Nic. You're a Role Model!

 

[crzy2bealive]

I busted my ass for 4 years to save 48k / 10% down payment. Bought in 2016 in La Mirada. Supposedly it’s worth 850k now.

Never pulled money out of it. Just Refi to drop the rate and get rid of mortgage insurance.

Been through ups and down financially but always find a way to make it work and support the family.

 

[Wedgy]

Stay with it. Smart moves. Continued Success!

 

[bonesfab]

Bought my first house in 2001. Sold off some toys and came up with the 3% down at I think it was 5.5% Paid 330k for it which I thought was nuts. It is now my rental and according to redfin it is worth around 800k. My buddy made me buy the current house off him. He retired to North Carolina on the water. He didn't owe much. I gave him some cash down and he paid off the note. He self financed me @3.5% for 5 years. That was 3 years ago and it has probably gone up 500k in that time. I will either have to sell off some more shit to pay him off if the rates don't come back down.

 

[monkeyswrench]

Do you remember Covina Elementary lol^ my dad went there in the 70's and i did kinder and first there in 2001^ It's closed now or converted.

I was a Badillo ES kid...in the 80s

 

[havasujeeper]

Odele Vato!
Eastside Badillo 13!

 

[traquer]

Things change but they always stay the same! Yes house prices are now higher in proportion to the average salary, but few people have an "average" salary anymore it seems. Back in the day skilled labor was seen as normal, but now if you're halfway skilled in the trades and want to hustle (union or not LOL) you can make way more than back then. So many shitbird workers and foreigners without any formal training, and the old times are retiring. Great for the young guys. Also the Internet lets a lot of people make a lot of money they otherwise wouldn't have been able to. Not talking about Onlyfans, but just in general. So much information available there's no excuse not to start something. For example you can open any service based business and by tomorrow be getting calls just by advertising on FB, Google and nextdoor etc. If you have any questions, go find 2-3 good FB groups for your trade and the blue collar millionaire group and you'll get some damned good advise you couldn't ever get so easily in the past as long as you post entertaining stuff.

 

[monkeyswrench]

Odele Vato!
Eastside Badillo 13!

Hell, east of Glendora Ave. Pops was the Mexican in our neighborhood

 

[stephenkatsea]

We’ve done well with real estate since 1990, in CA and AZ. But, in 1980 we bought high and later sold low in Louisiana. If you buy out of state, you better live in it. 2 years after buying we had to relocate, due to my job. Long distance rent out of the home didn’t go well. Our experience was Louisiana real estate was in a world all its own.

 

[Taboma]

VA secured loan got me into my first home, I'd imagine it's still an available and viable option for many, especially for learning a trade and or getting an education.

 

[Wedgy]

I wouldn’t put my wife in a bad area when we first got married. Kids absolutely need to grow up in a safe area.

There’s a huge gap between owning a home as a single male vs having a wife and kids.

Sorry to have to bring this up. Shouldn't even be an issue. But in Kali it is. But no way will this be allowed here. I moved away in 2014 before this was even on the radar, one reason because Cali laws. I would absolutely not raise a child where the Genderbender bullshit flies. No Fucking way. Santee YMCA allows that some big black Genderbender freak man with a Shlong slinging dick in the Girls locker room? Fuck that. No fucking way. Sorry not sorry. I'm out 9 years ago.

Cali parents gonna put up with this insanity? In Schools? Good luck. Not happening here.

 

[rivermobster]

Bought my first house at 24 in 2018 in Mesa, closed on it 4 days before our wedding which made for an expensive week. Just sold it last month for just under double what we paid for it and upgraded and moved down to Gilbert because our shitty neighborhood no longer worked with kids. (sorry @1tonfun your side of the neighborhood was much nicer than mine)

With that being said, I feel bad for the younger kids that are fresh out of college, married and making a combined $150k in the household and struggling to buy a house. 24 year old me and my wife wouldn't have been able to buy our first home for what we sold it for, not even close.

Using Baldwin Park as an example, here is a 3/2 with a pool, probably similar to your first house and it's over $750k. https://www.zillow.com/homedetails/3401-Millbury-Ave-Baldwin-Park-CA-91706/21561224_zpid/

And it's been on the market for over a year.

Gee. Any idea Why it hasn't sold??



People can Ask whatever they want. What they will Get is a whole different story!

This is where taking the RE class, the agents take, puts you one step ahead of the game.

 

[spectra3279]

I got lucky. I can't even get a credit score. I do cash only. Buddy of mine offered it as rent own. 6 more years and it's paid off

 

[Cray Paper]

This has turned in to a positive / encouraging thread for younger people on the fence about purchasing a home, and that's a good thing.

My GF at the time (96) and I decided to commit to buying a home in 97. We ( I) saved up the down payment (35Kish) and bought a POS house in Bothell WA for 153K in 98. I put my blood, sweat and money into that house and we sold it in 2008 for around 370K. I was pissed, it should have gone for about 30K more but the market had turned and "we" had already bought another home for 435K, not contingent on the sale of the first home.

Talk about stress, I borrowed 100K from dad for a down on the "new" home, still had the 1st home loan payment and it needed a kitchen / dining room and 2nd living room remodel. I made 2 mortgage payments and interest payments on the 100K loan for 3 months while the economy and home prices were tanking. THAT caused so much marital stress...I didnt walk away from it, I owned what I owed, made the monthly strokes and made it happen. Took working side jobs after working 10 hours days at work 6 days a week etc, sold shit but made it work.

Ex got the 2nd house and all the sweat equity in the divorce.

Bought the third home with the soon to be 2nd ex for 600K in 2018. Cost me about 100K for that divorce but the home was in my name and still is. It's worth well over 1 million and has been for the last 3 years.

That's my experience with buying homes, all 3 have doubled in price in 10 years, just have to buy the right home, put sweat equity in to the value and be prepared for the long haul investment. I do not understand the people that bought homes in the 2000's and bailed on them when the 08 crash happened even though they could afford the payments.
You bought it, you owed the money and if you could have made the payments you should have. Value at a point in time doesn't mean shit if you have ANY common sense. Still recall people on this site and many others justifying why they walked away from mortgages because they were "upside down" at the time but had the means to ride it out. Same people that support Biden I assume, not intelligent enough to form their own opinions and own their own decisions, victim mentality.

It isn't easy buying a home and I think the younger generations (I am 54 YO) are having a legitimately hard time being priced out of the market, but also think they are not geared to do what it takes to purchase a home. If you have a car payment more than 1/4 of what a mortgage payment is that you qualify for, you should reconsider your values and commitment to owning a home.

 

[C_J_J_C]

I want it now and even worse I deserve it mentality honestly pisses me off.

I rented a cockroach infested house with two friends at 19. Moved into a nice single apartment at 21 for one year but felt like I was wasting money so at 22 I rented a 4 bedroom house and then sublet three bedrooms.... hell I even made my girlfriend (now wife) chip in to share a room with me when she moved in.

I made money on the subletting and saved every single dime I could to buy my first house. 9+ years of always being broke and sacrificing all while watching friends and relatives spend like ballers and give me crap for being cheap.

Now..... I'm told I'm the lucky one....
It's not luck.... It is planning and sacrifice.

 

[F.U.IRS]

Do you remember Covina Elementary lol^ my dad went there in the 70's and i did kinder and first there in 2001^ It's closed now or converted.

Went to Covina Elem. In the mid 60's. Lived on Badillo Ave just off of Barranca. 451 east Badillo to be exact. Mom remarried and we moved to Chino in 69. Major culture shock back then, thought I was going to South Hills for high school and ended up at Chino High.