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Wondering whats the average age people bought their first house.

13

Comments

  • #62
    elefant
    Registered Users Posts: 4,647 ✭✭✭elefant


    mariaalice wrote: »
    https://www.liverpoolecho.co.uk/news/property/couple-save-13000-six-months-17671526

    It the uk, but interesting and with help to buy they only needed a 5% deposit.

    19 and 20 and buying a house.
    OSI wrote: »
    £223k house. 13k from them, 11.5k from the government, so a mortgage of £198,500 on a combined salary of 37k. So over 5 times their combined earnings. Madness.

    'Joshua Shaw, 20, and Wiktoria Zaucha, 19, didn't borrow a single penny for the West Midlands property'

    Didn't borrow a penny? Did they make up the other 200k in magic beans?


  • #63
    Immortal Starlight
    Registered Users Posts: 2,074 ✭✭✭Immortal Starlight


    Built my first at 24.


  • #64
    JamBur
    Registered Users Posts: 834 ✭✭✭JamBur


    33, 155k and 20 years left. Decision coming up soon about switching. Would like to pay a lump as well.

    Have many of you guys switched mortgage providers?


  • #65
    L1011
    Moderators, Business & Finance Moderators, Motoring & Transport Moderators, Society & Culture Moderators Posts: 67,523 Mod ✭✭✭✭L1011


    25, bottom of crash and a fairly recession proof job. And luck and a willingness to take on a run down dump. Wouldn't have been able to afford it a year later


  • #66
    meeeeh
    Registered Users Posts: 11,624 ✭✭✭✭meeeeh


    We built when we were 30. We got 35 year mortgage and recession just started. On the positive side we are on tracker and have great house for less money than we would if we were paying boom rates for labour and materials. There is good positive equity in the house at the moment and mortgage is cheap enough that it make sense to invest spare money into pension etc.


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  • #67
    The_Kew_Tour
    Registered Users Posts: 34,041 ✭✭✭✭The_Kew_Tour


    I'm still 35, and we are about 2 months away from moving into our new house.

    I was lucky to inherite a cottage. I did it up and rented it but could not afford live as too far away from work. Rented for years and thankfully and hopefully never again. We hope move into new place in March/April now. Slowly built it ourselves with help of few friends and bits of work here and there. Mortgage will be paid off it really by selling cottage and savings


  • #68
    sbsquarepants
    Registered Users Posts: 11,812 ✭✭✭✭sbsquarepants


    elefant wrote: »
    'Joshua Shaw, 20, and Wiktoria Zaucha, 19, didn't borrow a single penny for the West Midlands property'

    Didn't borrow a penny? Did they make up the other 200k in magic beans?

    There are 2 things i don't understand about this story.

    1 - The missing 200k, if it's not borrowed, what the hell is it?

    2 - How the fúck did he manage to pull her?


  • #69
    [Deleted User]
    Posts: 4,727 ✭✭✭[Deleted User]


    Fccwontletmebe wrote: »
    I should be able to do when I'm 34 as currently saving but want to have double saved of what I need as a deposit.

    I wouldn’t read too much into any replies if I was you. Different people, different eras, different circumstances.

    The avg age of a FTB is about 34 currently. And that’s increasing each year.


  • #70
    Wildly Boaring
    Registered Users Posts: 3,629 ✭✭✭Wildly Boaring


    32
    Very bottom of the recession.
    Paid cash, house was going very cheap.
    Few issues so a number of purchasers had pulled out.
    Took the risk, all fixed up and sold on.


  • #71
    ginger_hammer
    Registered Users Posts: 147 ✭✭ginger_hammer


    33, 7 years ago


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  • #72
    pappyodaniel
    Registered Users Posts: 5,716 ✭✭✭pappyodaniel


    34 and without a mortgage. Looking back when I was busting my hole working and saving, my mates were having a great time in their social lives. When the pressure was off and I wanted to rebuild a good social life they were all knuckling down trying to get a mortgage together. I tend to do things a bit differently.


  • #73
    Apollinaris
    Registered Users Posts: 114 ✭✭Apollinaris


    sbsquarepants wrote: »
    There are 2 things i don't understand about this story.

    1 - The missing 200k, if it's not borrowed, what the hell is it?

    2 - How the fúck did he manage to pull her?

    Never mind question 1 but yeah question 2? How the hell did that happen?? She must have an eye disorder or something.


  • #74
    banie01
    Registered Users Posts: 16,434 ✭✭✭✭banie01


    26 bought in '06 and now mortgage free.


  • #75
    shesty
    Moderators, Recreation & Hobbies Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 6,891 Mod ✭✭✭✭shesty


    Hector Savage wrote: »
    40 - with a 30 year mortgage ... :(

    Surprised you found a bank to do that!


  • #76
    little bess
    Registered Users Posts: 483 ✭✭little bess


    25 in the1990’s, but then relationship broke up and we sold. Recently bought again aged 45 but no mortgage due to inheritance.


  • #77
    Ficheall
    Registered Users Posts: 9,018 ✭✭✭Ficheall


    In case anyone else is reading this thread and feeling underaccomplished, if it helps, I'm 33 and don't own a house or have anything remotely approaching a deposit.


  • #78
    Fogmatic
    Registered Users Posts: 985 ✭✭✭Fogmatic


    Ficheall wrote: »
    In case anyone else is reading this thread and feeling underaccomplished, if it helps, I'm 33 and don't own a house or have anything remotely approaching a deposit.

    Don't feel underaccomplished - people have different priorities!

    If it helps you feel any better I was 36, and then we managed to lose the house (#62).


  • #79
    whatever99
    Registered Users Posts: 138 ✭✭whatever99


    I’m 41, and just starting to look now, will have enough saved for a deposit on a 2-bed apartment or small house in a few months. Should have started saving properly years ago. Buying by myself. Approved in principal for a 27-year mortgage. This thread is depressing me!

    How did some of you buy a house with no mortgage at such a young age?! Fair play.


  • #80
    Robson99
    Registered Users Posts: 4,183 ✭✭✭Robson99


    24 in the 90s...20 yr mortgage done and dusted...not easy but would dread to have to face into it again


  • #81
    Decoda
    Registered Users Posts: 981 ✭✭✭Decoda


    26 in 1998......built on a site we bought from a local farmer...20 year mortgage so all finished now.


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  • #82
    Shamboo1801
    Registered Users Posts: 105 ✭✭Shamboo1801


    shesty wrote:
    Surprised you found a bank to do that!


    I bought mine at 45 with a 25 year mortgage. Only a year in but couldn't be happier knowing it's my own.


  • #83
    Beasty
    Administrators, Social & Fun Moderators, Sports Moderators Posts: 75,180 Admin ✭✭✭✭✭Beasty


    27 when I bought my first
    30 when I bought my second
    39 when I bought my third
    43 when I bought my fourth
    46 when I bought my fifth
    50 when I bought my sixth
    55 when I bought my seventh

    and today I sent the cash to purchase my eighth.


  • #84
    mariaalice
    Registered Users Posts: 12,356 ✭✭✭✭mariaalice


    It was easier in a way 30/40 years ago the tricky bit was a having a job plus people got married and settled down quicker family all done and dusted by 30 for the great majority, does not mean our generation were better just different.


  • #85
    Musefan
    Registered Users Posts: 774 ✭✭✭Musefan


    27, bought in nov of 19


  • #86
    TheBody
    Registered Users Posts: 5,618 ✭✭✭TheBody


    35 years old when I bought my house. My wife and I are overpaying the mortgage and hope to have it paid off in around 4 more years. That would be around 7/8 years from start to finish.


  • #87
    Winning_Stroke
    Closed Accounts Posts: 224 ✭✭Winning_Stroke


    Beasty wrote: »
    27 when I bought my first
    30 when I bought my second
    39 when I bought my third
    43 when I bought my fourth
    46 when I bought my fifth
    50 when I bought my sixth
    55 when I bought my seventh

    and today I sent the cash to purchase my eighth.

    Yeah, ok Johnny Ronan.



    I bought my first, and hopefully only, house last year at the age of 33 (herself was 29). 11% deposit and mortgage repayments are a fairly low percentage of our monthly takehome. Was hesitant at the start, wanted to get a feel for our income/outgoings but am now comfortable to start overpaying a smidge.


  • #88
    lainey_d_123
    Registered Users Posts: 2,385 ✭✭✭lainey_d_123


    mariaalice wrote: »
    https://www.liverpoolecho.co.uk/news/property/couple-save-13000-six-months-17671526

    It the uk, but interesting and with help to buy they only needed a 5% deposit.

    19 and 20 and buying a house.

    I can't stand how people like this refuse to acknowledge their luck, good fortune and help from others.

    They were only able to do this because they lived rent free with friends and family for over 6 months, something lots of people simply cannot do. I also would have been able to save half of 13 grand at 18 if I hadn't needed to pay rent and bills and other housing/adulting related costs, so why are they acting like it's some kind of major accomplishment? It's basically just benefitting from people's charity, which is fine if people are happy to give it, but it's hardly 'going it alone', is it?

    They also benefitted from a government scheme which has only been around a short time and won't be around in the future, another stroke of luck, and also from being from an area where there were easily able to get to work while staying with these family/friends. Yet they sit there and think they're just better than people who didn't have all these leg ups.


  • #89
    Ficheall
    Registered Users Posts: 9,018 ✭✭✭Ficheall


    Beasty wrote: »
    27 when I bought my first
    30 when I bought my second
    39 when I bought my third
    43 when I bought my fourth
    46 when I bought my fifth
    50 when I bought my sixth
    55 when I bought my seventh

    and today I sent the cash to purchase my eighth.
    Any jobs going? :P


  • #90
    Galwayguy35
    Registered Users Posts: 16,246 ✭✭✭✭Galwayguy35


    33 in 2008 with a 35 year mortgage.

    Few months later and I'd have probably got it for half the price I paid for it.

    I've been over paying it when I can afford it so 18 years left on it now.


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  • #91
    Sleepy
    Registered Users Posts: 24,142 ✭✭✭✭Sleepy


    36, 3 years ago.


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