How old are you?

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[quote author="caycifish" date=1232541093][quote author="PANDA" date=1232522079][quote author="blackvault_cm" date=1232521697]Hmm...I'm really curious who else is in the 22-25 range.</blockquote>


You are so lucky! I wish i was your age. You are probably also going to be the youngest dad on the IHB no?



The largest vote so far is the 30 - 33 age group. That's my age bracket. Cool!</blockquote>


Panda,



I'm honestly curious to know why you want to be 22-25. The "lucky" comment is what makes me wonder.</blockquote>


22 - 25 is a such fun idealistic age group. People in this age group are just getting starting in their careers trying to find their ideal vocation. They are dating different people to find their ideal princess or prince to sweep them off their feet. You don't have to ask your spouse, "Honey, Can I buy this?" "Sweetie, Is it okay if i buy that?" You are so portable at this age. You can just pick up and live in Hawaii for a year and then travel the world.



On a personal level, I wish i had the business and investing experience and the real estate knowledge I have right now and be a 22 years old. Speaking of BV. He is extremely mature for a 25 year old. Reading some his posts, it is very clear that this he is extremely focused and knows what his vocational gifts and passions are. Many people don't have a clue at that age.
 
[quote author="PANDA" date=1232578418]



You are so lucky! I wish i was your age. You are 22 - 25 is a such fun idealistic age group. People in this age group are just getting starting in their careers trying to find their ideal vocation. They are dating different people to find their ideal princess or prince to sweep them off their feet. <strong>You don't have to ask your spouse</strong>, "Honey, Can I buy this?" "Sweetie, Is it okay if i buy that?" You are so portable at this age. You can just pick up and live in Hawaii for a year and then travel the world.

On a personal level, I wish i had the business and investing experience and the real estate knowledge I have right now and be a 22 years old. Speaking of BV. He is extremely mature for a 25 year old. Reading some his posts, it is very clear that this he is extremely focused and knows what his vocational gifts and passions are. Many people don't have a clue at that age.</blockquote>


Say what??? I must have missed that part of my life.
 
WOW...I feel stupid. My wife is next to me reading all this and had to remind me that not that long ago I had a birthday and I'm really 26 not 25. Gosh...I don't even know how old I am.

Sorry to screw up your poll.
 
[quote author="PANDA" date=1232578418]

You don't have to ask your spouse, "Honey, Can I buy this?" "Sweetie, Is it okay if i buy that?"

</blockquote>


I know you love your wife, but it sounds like you long for the autonomy of youth. Might I suggest sitting down with your wife, taking a good look at your family budget, and carving out some "Panda spending money". It would be yours to do with as you pleased, no questions asked (with the obvious exceptions of things that would put the marriage in distress). Maybe open another account and have it auto-transferred every week/month/whatever.
 
Funny.... I just tried to login to my account like 10 times and it wouldn't work, and i was starting to get really nervous... I was seriously thinking to myself, "Perhaps Zovall and Graphix decided to kick Panda out of the IHB for all the polls he did yesterday." Then i noticed i forgot one letter on my password :) It's all good. Panda is Happy!



?Panda Spending Money?. - Caycifish, That is a great idea! I like that! How about that. :)
 
im 25. I dont post much but I kinda ghost the blogs seeing what everyone has to say and such. Actually just bought a house here in Irvine so just getting to kinda know the areas around and the real estate around this area.
 
[quote author="Battie4" date=1232596849]im 25. I dont post much but I kinda ghost the blogs seeing what everyone has to say and such. Actually just bought a house here in Irvine so just getting to kinda know the areas around and the real estate around this area.</blockquote>
If you don't mind me asking... where/what/why did you buy?
 
VOC like 2 months ago we closed in Mid November . As for why I just got a job in Irvine and tried the commute but about 2 hours each way was just too ridiculous of a drive.



I see a lot of people on the boards really slam VOC but I like it. I do think that for the HOA we pay we really should get more than a heated pool and a clubhouse that only has rooms that you essentially have to rent to use. I like the way its kinda planned everything is quiet. I live in the homes designed by William Lyon so its not close to harvard so not really any traffic sound. I do live closer to Jamboree but there is that huge ravine/ditch so you really cannot hear traffic unless you are outside trying to listen for it. Even if I am in the inside courtyard I cant really hear it unless it is deathly quiet. Inside the house I cannot hear traffic sounds.
 
[quote author="Battie4" date=1232596849]im 25. I dont post much but I kinda ghost the blogs seeing what everyone has to say and such. Actually just bought a house here in Irvine so just getting to kinda know the areas around and the real estate around this area.</blockquote>


Congratulations on your new digs.
 
[quote author="Battie4" date=1232596849]im 25. I dont post much but I kinda ghost the blogs seeing what everyone has to say and such. Actually just bought a house here in Irvine so just getting to kinda know the areas around and the real estate around this area.</blockquote>


welcome battie; sorry to say this but, there is so many red flags about your post. How can you buy a Irvine SRF (house) at 25, how! Why now? And you didn't know anything about the area? again welcome...
 
[quote author="Battie4" date=1232600551]I see a lot of people on the boards really slam VOC but I like it.</blockquote>
Shhh... no_vas might see this.



Did you sell a previous home or is this your first purchase? Sorry for the 20 questions but I like to get into the psychology of home buying.



Welcome to Irvine... and to IHB.
 
round corners- understandable. I guess not most mid 20's cant afford to buy a SRF or is it SFH? Either way your welcome to believe it or not but its reality that Im lucky enough to be in a position to be able to afford something like this. I actually I know a fair amount about the area I just like to hear other people's opinions and such and gather information on what other people think about the Irvine community and surrounding area. Its actually very interesting to see how people in their own community see their community or surrounding communities.



irvine home owner- As for why now I cannot really get into a specific reason why, but coupled with the fact that for a month I commuted 2 hours each way to work here Irvine and with falling house prices I figured Id take the plunge. I know most likely unless something incredible happens prices will continue to drop. There is essentially no denying that fact. I do believe though that Id rather see another 10-15% or possible 20 percent drop (worst case scenario I hope) than had pulled my money out of stocks too late. I was fortunate enough to pull out sometime ago before the mighty plunge of the stocks and I figured Id rather put that money into a house and possibly lose some then go thru the volatility of stocks. With interests rate so low with banks like credit suisse and EFG I saw no reason to see such diminishing return on the money I was putting into CDs to keep it safe. I already know with 99.9% confidence that the house may not be worth the same about in say 6 months, but my plan to live in Irvine is very long term (hopefully).



And the previous house I lived in belonged to my parents so I guess no did not sell.



Socal78- No loan taken out



Sorry for the long post
 
A free and clear house at 25? Oh, to be you! :) Of course, I guess you could be owner or family member financed, but it doesn't sound like it. Everyone is going to have fun with this one. Welcome, and congrats for peeking everyone's interest.
 
Yeah it seems like it can get pretty nasty on the boards sometimes haha. I figure everyone is entitled to their own opinion. I dont really consider it free and clear by any means with paying mello-roos. O wait sorry you know what I realized there i s a loan on the property. My mistake. Initially was not planning on taking out a loan but was advised to take out a loan for tax purposes but it was extremely small compared the price of the house. Not sure if this is true or not but when in the process of purchasing the house the agent for William lyon was saying majority of buyers in there were paying all cash/majority cash



Wow the goof up on loan makes me look a little stupid.
 
[quote author="Battie4" date=1232616492]<strong> the agent for William lyon was saying majority of buyers in there were paying all cash/majority cash

</strong>





I would have to agree that for someone who is able to buy a home outright at age 25, taking out a small mortgage for tax purposes seems silly. But as for what you were told about how people are paying for their mortgages, I would say that's a huge load of crap.
 
[quote author="Battie4" date=1232616492]Yeah it seems like it can get pretty nasty on the boards sometimes haha. I figure everyone is entitled to their own opinion. I dont really consider it free and clear by any means with paying mello-roos. O wait sorry you know what I realized there i s a loan on the property. My mistake. Initially was not planning on taking out a loan but was advised to take out a loan for tax purposes but it was extremely small compared the price of the house. Not sure if this is true or not but when in the process of purchasing the house the agent for William lyon was saying majority of buyers in there were paying all cash/majority cash



Wow the goof up on loan makes me look a little stupid.</blockquote>


Taking a loan when you don't need one to get the mortgage interest deduction makes you look really foolish. Unless you are in a 100% tax bracket, that's a losing proposition.
 
Two options. Put 500K down on a home or finance 500K for 5% or so. It comes down to opportunity cost. So relatively speaking if you can earn more than 5% why burn your capital. Perhaps you can start a business that yields a profit margin of 11%.



Not all debt is bad. Debt is your friend if used wisely. But it all depends on the person as each persons situation is unique.
 
There are opportunity costs associated paying the entire house off instead of keeping some money free. But from the wording of Battie4's post, it appears that the motivation was the mortgage interest deduction. Personally even though I believe the major indexes are all headed lower, there are individual stocks that are presenting incredible buying opportunities right now. Regardless of what the short term holds, when you see debt free companies trading for less than the cash they have on their books, you have to take advantage of the opportunities that are presenting themselves. Though I realize that stocks aren't the only thing to do with your money, Battie did mention that he/she was out of the market.
 
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