skunk21
Active Member
Considering you took out a big loan to buy this house, its not that impressing to be 24 and own a house. Bc its not like you paid for it yet. Your just living off borrowed money. So pretty much if your 18 or 60 you could have this house. What IS impressive, is if you can buy the house with cash money that you have saved up. I personally wouldn't gloat about taking out a 100k plus loan. Thats just me. But hey, half the problem with this country right now is people borrowing to much money and they can't pay it off. What makes it worse is if they lose their job. Best of luck! Not to be a dick. But anybody who is old enough to understand will agree with me.
So to answer your question... Not bad for 24 years old? Getting yourself in huge debt, i'd say its bad. But to each is his own. Best of luck
I think Brian has all the right to come on here and "gloat" about his accomplishment. 1st off he like many that come from a hard working family understand the value that comes along with hard work, he set a goal to own a home and made his goal at a young age. I did the samething @25 for my 1st home and did it at a time when banks (if you wanted a conventional loan) wouldn't look at you w/o 20% down and a good job. Face it before this short period of out control mortgages and given them to people who couldn't afford them the hardest thing to gain in this country was a piece of the american dream "a home" . It wasn't that long ago that if you where in your 20's and owned a home that said something about yourself and to others because just about everyone including our parents new how hard it was to get a home. My point, there was and still is something to say about having the ability at any age to purchase a home. The huge debt comment..I had to chuckle, there a very, very, very few people that can plunk down cold cash for a home. Credit cards are debt, car loans are debt, property is an investment.