I bought a house when I was 28...

Question

I still think it was a good investment, but i'm not sure if that's just my inner-self trying to reassure myself that I did the right thing. At the end of the day, it's a huge responsibility with lots of additional costs each month... what do you think? would you tell your 28-yo self to buy a house, now?

Anonymous · Answer

Good for you. You're investing rather than throwing away money on rent.

Lady Pele · Answer

It's better than renting, as you can get something out of it.  If maintenance on a house is too much, a condo might be a better option.

Anonymous · Answer

I bought a house when I was 23 and sold it when I was 28 and honestly it was such a relief.  If you enjoy homeownership, good for you, but it's not the holy grail for everyone.

Anonymous · Answer

I’m almost 40 and I regret not buying a house or making an outside investment while I was younger.

Alison · Answer

I always think it's a good investment to purchase real estate, but you also need to consider your piece of mind and your personal situation.  If the upkeep of the house and stress of the costs are causing more pain than the joy of the house and keeping you up at night, you may need to reevaluate.  I would still say try to hold onto it, but find some roommates.  :)

Anonymous · Answer

I bought my first house  at 29, my second at 30 and third at 31. BEST THING I EVER DID. Now they are all rented and pay themselves off.  I'd tell my 28 year old self to buy 4 and do it sooner if I could afford it.

I bought a house when I was 28...

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