of course, she IS earning enough to borrow the money and make the repayments
2006-12-01 21:04:28 · 19 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
boyfriend thinks she will not be able to cope with the committment and the bills however
2006-12-01 21:07:58 · update #1
Honey ... if you can afford it ... do it ... never too early to start securing your future .... Good Luck :)
2006-12-01 21:05:58 · answer #1 · answered by deadkelly_1 6 · 1⤊ 0⤋
Age is really never the issue when purchasing a house. Your life situation is more critical. If you think you are going to go off to college in the next 6 months, probably not a great idea to buy and then either have to sell/rent. (Although being a landlord is a great thing if you are up for it)
But if your situation is such that you know you are going to be around for at least a couple of years, then purchasing a home is one of the best investments that you will ever make.
Consider the tax savings alone in that you will be able to write off the interest.
More importantly, you are now excercising control over your life and how you live. As a bonus, you also are not subject to the whims of the landlord who might raise your rent.
The only caution that I would advise is this:
* Don't get an "adjustable rate" mortgage. These can go up at any time and then you may find yourself coming to a real estate investor like me to take this house off of your hands.
* Don't buy a house that is streching you to a point financially that you don't have anything left at the end of the month. After all, you want to enjoy the house, not have the house enjoy you.
Of course, to offset some of those costs, you may entertain roommates and over time, you won't pay any rent :)
Hope that helps
2006-12-01 23:00:48 · answer #2 · answered by ga_rei_guy 3 · 0⤊ 0⤋
I think its agood time to buy a house if she earns enough money and knows shes gonna work for along time then why not at least by the time shes in her 40 or less she will have paid in full for it and no more worrys.At least shell have a roof over her head which alot of people havent got at her age.Its also a good investment and shes on the property ladder especially with the price of houses goin up she should jump at the chance now.Myself and my husband bought our council house 4 yrs ago and its the best thing we have ever done.Good luck!!
2006-12-01 21:19:54 · answer #3 · answered by pinkdragon 3 · 0⤊ 0⤋
It depends on what you want to do with your house.
If you buy the house and are able to rent it , and live in an apartment , you will save some money and it will be easy to pay back. In the end you also get the house. It's also safe to invest into real estate if you are afraid that you will spend all your money on meaningless things if you have it lying around.
I think what you need to focus is to save money , you can do so by investing it into a house , or some other thing , don't buy it because you like the idea of owning a house.
2006-12-01 21:11:29 · answer #4 · answered by geoaxis 2 · 0⤊ 0⤋
If she is settled into a good job/career then why shouldn't she make a good investment? She should however do some research about the responsibilities of being a homeowner ie; upkeep and maintenance of house and property, regular bills, unexpected expenses, etc. Maybe the boyfriend is commitment shy and is worried that he will be expected to take on the burden of being a homeowner when he is not ready to do so.
2006-12-01 21:15:12 · answer #5 · answered by valducci53 4 · 0⤊ 0⤋
No way! I think it's a great age! It shows a sign of maturity and if that person is ready, then go for it! I'll be 21 on the 9th of Dec. and I wish I were in that position! P.S. Is there any way you can message me on how that person is earning enough to borrow the money and make repayments so that I may one day be in her shoes? Thanks! :-)
2006-12-01 21:09:49 · answer #6 · answered by www.verytruehonesty.ws 4 · 0⤊ 0⤋
Buying a house is a good investment in the long term. We all need somewhere to live and starting early in the property market is a good thing.
You have to weigh up all of the costs and of course you could always rent a room out to a friend to help with that.
2006-12-01 21:08:00 · answer #7 · answered by ROLAND M 2 · 1⤊ 0⤋
Hell no, my boyfriend and I are 27 and are stuck in the renting trap. We can't afford to save up for a house as we have to pay the rent and bills etc. If you can afford it and you're secure in your job then go for it. If you find you're struggling then you could always get a lodger and if your relatonship develops with your boyfriend then you could get him to move in and pay half of everything!!!! Good luck.
2006-12-01 22:39:58 · answer #8 · answered by sarahlee 2 · 0⤊ 0⤋
got my first house 20 years ago when i was 22, it was great, BUT i watched all my mates going on holiday, going away for boozy week ends, could not afford to do it, its a big step in life, if your prepared to miss out on a few things do it........its an easy way to make bundles of dosh
2006-12-01 21:10:14 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Go for it, in 10 years it will more than pay for it's value. She can then move on to bigger things. A great investment. Good luck to her.
2006-12-01 21:17:33 · answer #10 · answered by kosum 3 · 0⤊ 0⤋
no i dont think it is,i bought my first home at 18,as long as shes mature enough to take on the responsibility.she will be fine
2006-12-01 21:12:57 · answer #11 · answered by Anonymous · 0⤊ 0⤋