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Do you own property?


arnold layne

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Bought a house for the first time when I was 22. I'm currently in my fourth house (sold every time, so I only own one house). I always felt owning a house is a great feeling, but don't hang yourself up on the mortgage. I'd rather live in a smaller house and be able to pay the mortgage, go on holiday, go out etc... than to live in a bigger house and have to count every penny.

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Bough my first downtown apartment at 27. After having been with my future wife for about a year I sold and we bought a new apartment outside of the city. When planning our second child we sold again and bought a house with a garden on the outskirts of the city. Recently increased our mortgage to be able to build a garage and do some home improvement/landscaping, which we are doing right now.

Edited by SoulMonster
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$150,000 2,300 sq ft bought and paid for (in full) at the age of 30. Realitors shit their pants when you pay cash for houses. :)

But you're in Michigan so it's probably worth about $3.50 now eh? :lol:

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Bought a condo at 25ish..............a house at 30...............and a second house at 36.

If I could do anything differently I'd have started buying property at an earlier age. I have a classmate who was smart enough to do that and today he profits about $5,000 a month in rent from two rental units he owns outright. Dude could retire at age 43 and still make $60,000 a year just from his rental units.

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Age 29, still have it, what I would have done differently is sold it during the real estate boom when it was worth $50K more than it is now.

As long as you're staying in it for a while, enjoy the lower property taxes and wait for the housing market to rebound.

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Yes. Bought my home at 25 and plan to build onto it and die in it. Due to excellent credit and a high down payment my mortgage is only 650 a month. I see no point

in selling it when I got a great deal on it. My father owns five houses he rents out. Each of us kids will get a house after he passes so I guess I own 2.

Edited by Sheri_Rose
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