I'm a late bloomer, just bought my first at 50. Some excuses due to living in a really, really expensive place (Monterey) for 20 years, some lousy credit situation and needing to grow up. For me, the housing situation (mess) we are in was perfect timing, sounds awfull, but probably would not have happenend otherwise for me.
Starting Score: EQ 679, TU 697
We're **hoping** to be home-owners for the very first time next year! I will be 39 (40 in July) and DH will be 42 (43 in May).
So, Ilecs, no offense, but yannow ... compared to us, you and your sweet wife are just babies!!
Which I could tell by your avatar! Mine haven't looked THAT young in nearly 10 YEARS!!
So, Ilecs, no offense, but yannow ... compared to us, you and your sweet wife are just babies!!
Which I could tell by your avatar! Mine haven't looked THAT young in nearly 10 YEARS!!
@llecs wrote:
I guess I'm the only one still renting at 35.
Not to worry I have you beat, 46 and still not a homeowner. 
Demi, I used to live in Monterey as a kid and its a wonderfull place but it is extremely expensive. I was recently looking at listing in Monterey. Tiny condos are going for 300k. 
I would love to move there but as you said it yourself I simply cant afford to. Looks like Northern Virginia will be my home for a while....
I would love to move there but as you said it yourself I simply cant afford to. Looks like Northern Virginia will be my home for a while....
Funny thing is when I moved there, right out of college, I would look in the paper and think how inexpensive every thing was (came from the Bay Area, was way more expensive there then, at least for your average house), but I was in no position to buy. The problem is its not only very expensive, but the wages are low...it is regularly on the "lists", often tops them, of the most expensive place to live, when you compare wages and housing costs. I worked for the county, and when they would look at comparison counties for wages, they would literally adjust the salaries down 5% for the "pleasure" of working in such a beautiful, desirable area.
dvroberts81 wrote:
Demi, I used to live in Monterey as a kid and its a wonderfull place but it is extremely expensive. I was recently looking at listing in Monterey. Tiny condos are going for 300k.
Tiny condos go for $300k here too, right? There were going to build new condos down the road from us here in Fairfax before the crunch. The sign was up and advertising for $1.1M for a 2 bedroom condo. Since the credit crunch, the sign was removed and they never began construction. No surprise they didn't have any takers.