Just bought my FIRST house...

[bjc112]

Originally posted by: DAGTA

Originally posted by: randumb

Originally posted by: paulney

Originally posted by: mercanucaribe
How do you afford a house at 20?

It's Arizona, for chrissakes. You aren't talking Manhattan or Bay Area

there are parts of az that are expensive. median house price around where i live (paradise valley) is near a million.

He also bought it interest only. While that's ok for how the house market has been in the Phoenix area the past year, it could be a big problem if things cool down in the upcoming year. Last time I looked around Avodale, a 1700 sqft new build was between $250,000 and $300,000.

Congratulations on the house! I hope things work well for you.

You are correct.. I know things will cool down, but I still think everything will increase.. Just a more NORMAL rate..

This plan doesnt have any models up yet, and I was planning on pulling the trigger last month @ 225 and now its sitting 249k.. So by the time I am in ( 8 months ) I should see some equity increases!

:Q

 

[paulney]

Originally posted by: iamwiz82

Originally posted by: paulney

/waits for the under-25, club-hopping, subway-riding set to chime in "It's not that bad!!"

No, we'll just wait till the gas reaches $8/gallon. How long is your commute now?

Mine's 1.5 miles

But what do you do if you are looking for night life/culture/entertainment?

Go to the local museum (1 room in a city hall), check out local theatre (high school rendition of 'Thom Sawyer', dine at 'quisine excuisite' (Jeff's Buffalo Wings) and taste delicious alcohol and the world renowed brewery? (Tom's Liquors)

You have to drive to the city. And depending on how suburban your residence is, you will be considering if not the gas, then the time wasted.

 

[Excelsior]

Originally posted by: MichaelD
Congratulations!!!! You have my full, green-eyed envy.

This...

Going to be stretched thin $$$ wise @ 20yrs old though

Don't worry about b/c it'll be worth every penny. YOUR HOUSE. YOUR livingroom.

YOUR yard. YOUR ideas. NO landlord. NO next door neighbors bitching that your stereo is too loud, etc.

Make yourself a drink and say: "Self, we did something great today!!" :beer:

 

[JulesMaximus]

Originally posted by: bjc112

Originally posted by: JulesMaximus
Congrats!

I've been in this house for 6 years now. It's our second.

Thanks !

Cute kid!

Must be the wifes genes'

Hey! I'm not that ugly!

 

[bjc112]

Originally posted by: JulesMaximus

Originally posted by: bjc112

Originally posted by: JulesMaximus
Congrats!

I've been in this house for 6 years now. It's our second.

Thanks !

Cute kid!

Must be the wifes genes'

Hey! I'm not that ugly!

 

[CTrain]

Thats a beautiful and small size house(is 1700sq considered small?

I was going to guess around $250K but you got yours at $225K.
It really is a nice house....perfect size too.

How much are your mortage ?? + ins and property taxes ??

 

[blodhi74]

good for U bro

 

[aberdeen5]

Congrats bro!

 

[Twista]

From I-10, south on Avondale Blvd., south of Buckeye Rd. on Avondale Blvd. and Durango Street.

k

whats yor addy? hehe jk

+ Grats and i see you there in 1 year!

 

[CorCentral]

You guys want to see high pricing? (other than the BIG CITY area crap).......... Punch in Clermont, Florida

 

[bjc112]

Thanks all!

I'll let you know how it goes tomorrow when I meet up @ the Ryland office for some paperwork!!

 

[gooseman]

Looks nice. Congrats. The wife and I just closed on our first house at the end of last December. It's a great feeling coming home to YOUR house.

 

[bjc112]

Originally posted by: gooseman
Looks nice. Congrats. The wife and I just closed on our first house at the end of last December. It's a great feeling coming home to YOUR house.

I can imagine.. I am excited, even though it is 8 motnhs away

I grew up in Pittsburgh and have lived in Phoenix for 2 years and am donig significantly better!

Kinda cool to call a lot of my friends today, like " hey man, I just bought a house"

 

[BlackAdam]

I have tons of family who moved out of California and are now settled in Avondale.

Suckers... I couldn't survive in that crappy weather. I almost died, visiting for two weeks this summer. My cousin and I would be partying at 3AM, and no joke, it wasn't under 100 degrees. It was 3AM and everybody was wearing shorts, skirts, and t-shirts.

 

[DAGTA]

Originally posted by: BlackAdam
I have tons of family who moved out of California and are now settled in Avondale.

Suckers... I couldn't survive in that crappy weather. I almost died, visiting for two weeks this summer. My cousin and I would be partying at 3AM, and no joke, it wasn't under 100 degrees. It was 3AM and everybody was wearing shorts, skirts, and t-shirts.

I love the weather out here. It's way better than the crap weather I grew up in near Chicago.

It's 2:30am on 10/16/2005 and it's 72F outside.

 

[bjc112]

Originally posted by: DAGTA

Originally posted by: BlackAdam
I have tons of family who moved out of California and are now settled in Avondale.

Suckers... I couldn't survive in that crappy weather. I almost died, visiting for two weeks this summer. My cousin and I would be partying at 3AM, and no joke, it wasn't under 100 degrees. It was 3AM and everybody was wearing shorts, skirts, and t-shirts.

I love the weather out here. It's way better than the crap weather I grew up in near Chicago.

It's 2:30am on 10/16/2005 and it's 72F outside.

I agree..

It gets pretty hot in the summer, but not HORRIBLE..

If you can stick through the 2-3 months of flaming heat, the reast of the year is just AWESOME.

 

[bjc112]

Wooo hoo..

Locked everything in..

Design center and such in a few weeks!

$254,000 was my buy price with a few upgrades..

:Q

Scary seeing my name attached to that!

 

[MrsBugi]

What a cute house, congratulations!

My husband and I are waiting on home-buying until we are situated in a place we would like to settle down in. Unfortunately, this day is several years away and until then we will continue to throw away our money by renting (currently ~$1000/month for a 1bd/1ba).

 

[bjc112]

Originally posted by: MrsBugi
What a cute house, congratulations!

My husband and I are waiting on home-buying until we are situated in a place we would like to settle down in. Unfortunately, this day is several years away and until then we will continue to throw away our money by renting (currently ~$1000/month for a 1bd/1ba).

That's the worst part about the whole renting situation..

Glad you like the house though!

 

[dirtboy]

Originally posted by: bjc112

Originally posted by: mercanucaribe
How do you afford a house at 20?

Meh, I'm doing pretty decent @ work right now and I have a nice little chunk banked away..

I am going to do interest only for now, with a plan to sell, in about 1yr or 2..

Is the plan to sell due to the rise in real estate values?

 

[bjc112]

Originally posted by: dirtboy

Originally posted by: bjc112

Originally posted by: mercanucaribe
How do you afford a house at 20?

Meh, I'm doing pretty decent @ work right now and I have a nice little chunk banked away..

I am going to do interest only for now, with a plan to sell, in about 1yr or 2..

Is the plan to sell due to the rise in real estate values?

Yep.

As well as to build credit and live in the home for a year or so..