Just got the opportunity to buy the house i grew up in..

[Moby Dick]

my parents bought it in 90 for 21k


i remember helping my dad put a new roof on it...a front and back porch as well as new windows...carpet and ripping out a few walls.


dad put a ton of work into this house..the first house my parents bought. My sister and her husband moved in to it in 98 i think? and bought it from my folks for 38k...soon after they got divorced and my ex bro in law didnt give a shit about the house..so he didnt make a payment and got re-possessed(sp?) a few years later after he matured up a little he was able to buy it again from the bank for 44k..he's been living in it for 7 yrs and has done ALOT of really good work to it.

At my nephew's bday part a month ago he was talking about possibly selling it..i told him i'd be interested if the price was right (This will be a first time purchase for me). He said for me..he'd sell it for 48.6..what he paid plus a few bucks for what he's put in it (new hardwood floors, carpet, as well as turning the garage into a den/4th bedroom).



Any of you guys ever have the opportunity in buying the house you grew up in? Or if given the opportunity, would you?


Quick question as well (may be a dumb question)...i know as a first time buyer it's a bit easier to buy a house...sounds dumb but should i pass on buying just so i could get a better deal on a better home?

[War Wagon]

go for it, still have fond memories of the house I grew up in.

[ucantdoitdoggieSTyle2]

He said for me..he'd sell it for 48.6.

The fuck you say?

I think you may be able to purchase a parking spot in Boston for that much... depending upon the location. Yes. A parking spot.

[Moby Dick]

He said for me..he'd sell it for 48.6.

The fuck you say?

I think you may be able to purchase a parking spot in Boston for that much... depending upon the location. Yes. A parking spot.

location location location.



parking spots arent going for too much in podunk Oklahoma town of a population of 1200.

[Screw_Michigan]

If you like it. Buy it. If you don't, don't. Pretty simple, really.

I agree. If I wanted to live in Grand Rapids for the rest of my life and I had the opportunity, I'd take it. But since I'm not at that point of my life right now I would pass. Like Whitey, I have lots of good memories from the house, but there aren't exactly many jizz-mopping jobs in GR compared to DC so I'll take the cost of living and the better career opportunities.

[BSmack]

I've been weighing that same choice. The house I grew up in is a mile away from where I am now. It would have been perfect in 10-15 years when my son will be a teenager. But with him just going into school, I kind of like the idea that we will be a 2 minute walk from the school and its many acres of park and fields that I don't have to maintain but can freely enjoy with him. It is also on a main road in town and there's a little too much traffic these days. Lucky for me, I have an aunt and uncle who are interested, so I think I'll let them maintain the place for a while. At least there will still be family there.

[missjo]

He said for me..he'd sell it for 48.6.

The fuck you say?

I think you may be able to purchase a parking spot in Boston for that much... depending upon the location. Yes. A parking spot.

wouldn't even get you a parking spot in Sydney

[Left Seater]

I don't really have any desire to purchase any of the houses I lived in as a kid. We moved into a nicer and larger home when I was in elementary school and that is the home where I have a memory of the police showing up to notify us of my dad being killed. Also lived in a condo for a few years.


Moby,

As 88 said it is pretty simple only you know the house and your opinion of it. Plus the cost of this house in a traditional mortgage is next to nothing. If you have even decent credit this mortgage is nothing. At 5% and 30 years this is less than $250 per month. Cant imagine you can rent for less than that. Hell at 10 years this is less than $500 per month.