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I bought my first house!

no more paying someone elses morgage

     
3:21 pm on Jan 23, 2003 (gmt 0)

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HI all, I just bought my first house, and I was excited so i wanted to share. :) I have been living in a rental house, and i got sick of pouring my hard earned cash into someone elses morgage every month.

I found the perfect house i wanted after only a week or two of searching. It is two blocks down form a big florida lake, and the house has 2020 square feet. I got the house dirt cheap because the previous owners had added a second story to the house, but after the built it they did not bother to put up drywall or anything on the floor. So the realtor did not add the other roooms in the estimate.

The original house was built in 1918 (which, for florida, is ANCIENT) and had sence had 4 more rooms added onto it.

yay, me.

3:28 pm on Jan 23, 2003 (gmt 0)

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Very nice for you, yes owning your own place that wouldn't be wrong, problem though is that prices vary deppending on location, apartment above me is going on sale for 625.000 (Over 1 million $)
So that wouldn't be a relife to pay the morgage there either.
4:44 pm on Jan 23, 2003 (gmt 0)

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Weblamer, now you can pour your hard-earned cash into bank interest! Congrats.

Lazerzubb, where the heck do you live? Manhattan? Tokyo? San Francisco? :)

4:49 pm on Jan 23, 2003 (gmt 0)

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Weblamer, now you can pour your hard-earned cash into bank interest!

Whether it is your interest or the landlord's, you're still paying it one way or the other ;)

At least now you get the tax deduction - congrats :)

5:22 pm on Jan 23, 2003 (gmt 0)

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regerd,

I live in Cork in Ireland - the second largest city in the country, but the population is still less than 250,000. There are apartments on sale in the city centre for over and above the prices Lazerzubb mentioned!

5:46 pm on Jan 23, 2003 (gmt 0)

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BlobFisk, don't worry in a 5 miles radius there is apartments going over 5 million pounds (most are 3-5 bedrooms), then we can go over to houses, but let's stay at apartments.

Morgage on those i don't even want to talk about.

5:53 pm on Jan 23, 2003 (gmt 0)

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Congrats Weblamer2

- Chad

6:55 pm on Jan 23, 2003 (gmt 0)

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Blobfisk, my ancestors are from Cork! I can see why they moved - must have been the high cost of apartments! Or maybe it was the potato famine... ;)

Our metro area is about the same population, but apartments/flats are purely rental. There are a few condominiums (owned rather than rented), but these are generally in the townhouse style. Virtually all people who own rather than rent opt for a standalone home. $1 million would buy a mansion here, with money left over.

An option that is growing in popularity is the "villa" - a condominium-like development of similar (though usually not identical) stand-alone homes for which all exterior maintenance, lawn care, etc., is handled by an owners association. It offers the hassle-free living advantages of an apartment, the investment and tax advantages of a house, all without having to share walls with noisy neighbors. Buildable land is almost unlimited here (some farmer will always sell his cornfield), though desirable river or wooded locations are more expensive.

6:59 pm on Jan 23, 2003 (gmt 0)

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Congrats Weblamer2! If you don't mind me asking, what part of Florida are you from?
9:45 pm on Jan 23, 2003 (gmt 0)

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Congrats! :) I bought my house two years ago... great feeling. Best part is being able to paint the walls whatever color you want and tear out the ugly carpet and replace it without negotiating with a landlord. :)
2:31 pm on Jan 24, 2003 (gmt 0)

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Im from central florida.. the house I bought it right off of lake monroe.

It is going to be a nice change moving over there than from the downtown area of orlando. Going to be nice and quiet...aaah.

You people who pay a million bucks for an apartment are nutty.