Draconator Posted June 26, 2023 Share Posted June 26, 2023 Ok. The back story. I'm bipolar. Diagnosed and all that. Not a big secret as my life is pretty much an open book. Back in my 20's, 30's, and early 40's, any income I had went to bars, dinners, etc. Rent and such be damned! (Such as the life of one with Bipolar). Fast forward to the mid-'40s, and I found a psychiatrist who authorized a medication I was aware of that had good success with others with the same diagnosis. Now 8 years on that medication, and I could actually pay rent and the like. Not only that, but I can actually hold down a good job for more than 3 months at a time. So yeah. My wonderful wife and I are buying our first house together. She is a previous homeowner with her prior husband. But for me? First-time homebuyer. No time like the present yo. 11 1 16 1 Quote Link to comment Share on other sites More sharing options...
SinceThe70s Posted June 26, 2023 Share Posted June 26, 2023 Congrats! And all the best to you and your wife! Home ownership comes with it's challenges - feels like everything has been breaking or aging-out for us lately. Frustrating as hell but in the end well worth it. 1 Quote Link to comment Share on other sites More sharing options...
Punching Bag Posted June 26, 2023 Share Posted June 26, 2023 Since you are buying first home when you are older do not plan as many do on selling and upgrading. Don't buy more than you need and it may take a little time to determine what you need. Make sure you get a professional evaluation of any house you buy. We had one on a house which was bought from bank and there were a lot of things which did not satisfy code and needed to be fixed and could not be sold "as is". Been asked a lot on house buying. Paid off both my houses in less than half of mortgage period. Send me a PM if you have specific questions. 2 Quote Link to comment Share on other sites More sharing options...
Another Fan Posted June 26, 2023 Share Posted June 26, 2023 7 hours ago, Draconator said: Ok. The back story. I'm bipolar. Diagnosed and all that. Not a big secret as my life is pretty much an open book. Back in my 20's, 30's, and early 40's, any income I had went to bars, dinners, etc. Rent and such be damned! (Such as the life of one with Bipolar). Fast forward to the mid-'40s, and I found a psychiatrist who authorized a medication I was aware of that had good success with others with the same diagnosis. Now 8 years on that medication, and I could actually pay rent and the like. Not only that, but I can actually hold down a good job for more than 3 months at a time. So yeah. My wonderful wife and I are buying our first house together. She is a previous homeowner with her prior husband. But for me? First-time homebuyer. No time like the present yo. Thanks for sharing. Im in my late 30s with a diagnosis of autism recently and feel odd never owning or aspiring to own property right now. But it’s something I want to do 4 Quote Link to comment Share on other sites More sharing options...
Draconator Posted June 26, 2023 Author Share Posted June 26, 2023 1 hour ago, Another Fan said: Thanks for sharing. Im in my late 30s with a diagnosis of autism recently and feel odd never owning or aspiring to own property right now. But it’s something I want to do If you want to, you will! 1 Quote Link to comment Share on other sites More sharing options...
WhoTom Posted June 26, 2023 Share Posted June 26, 2023 Congrats! Being a homeowner is a challenge, but it looks like you've overcome some bigger challenges, so I'm sure you'll handle this too. 1 Quote Link to comment Share on other sites More sharing options...
Draconator Posted June 26, 2023 Author Share Posted June 26, 2023 6 hours ago, Limeaid said: Since you are buying first home when you are older do not plan as many do on selling and upgrading. Don't buy more than you need and it may take a little time to determine what you need. Make sure you get a professional evaluation of any house you buy. We had one on a house which was bought from bank and there were a lot of things which did not satisfy code and needed to be fixed and could not be sold "as is". Been asked a lot on house buying. Paid off both my houses in less than half of mortgage period. Send me a PM if you have specific questions. We're buying based on location. It's the halfway point between the villages of Orchard Park and East Aurora. 7 minutes from Route 400. Nice and easy. As for the house, I was thinking of this huge expansion. But now that we're in it, it really doesn't need much. We would like to put dormers on the upstairs to give it 2 proper bedrooms and add a bathroom. As for the downstairs, maybe a new garage attached to the house for my wife during the winters. Just now, WhoTom said: Congrats! Being a homeowner is a challenge, but it looks like you've overcome some bigger challenges, so I'm sure you'll handle this too. Thank you! Quote Link to comment Share on other sites More sharing options...
boyst Posted June 26, 2023 Share Posted June 26, 2023 Congratulations! May your adventure be grand! 1 Quote Link to comment Share on other sites More sharing options...
Draconator Posted June 26, 2023 Author Share Posted June 26, 2023 1 minute ago, boyst said: Congratulations! May your adventure be grand! Thank you! Quote Link to comment Share on other sites More sharing options...
boyst Posted June 26, 2023 Share Posted June 26, 2023 3 minutes ago, Draconator said: Thank you! Oh. And don't get a home warranty. They're trash. 1 Quote Link to comment Share on other sites More sharing options...
Fleezoid Posted June 26, 2023 Share Posted June 26, 2023 Just keep one think in mind.......You do not own your home; it owns you! 1 2 Quote Link to comment Share on other sites More sharing options...
aristocrat Posted June 26, 2023 Share Posted June 26, 2023 Buy up to a four plex and you can have no mortgage Quote Link to comment Share on other sites More sharing options...
Jauronimo Posted June 26, 2023 Share Posted June 26, 2023 1 hour ago, boyst said: Oh. And don't get a home warranty. They're trash. And lose out on the pleasure of having someone charge you a few hundred bucks to come to your house and tell you that that warranty doesn't actually cover anything? Quote Link to comment Share on other sites More sharing options...
boyst Posted June 26, 2023 Share Posted June 26, 2023 6 minutes ago, Jauronimo said: And lose out on the pleasure of having someone charge you a few hundred bucks to come to your house and tell you that that warranty doesn't actually cover anything? Bingo. My wife had one in a previous house and somehow it ended up working to her benefit. She got one for our last house at a reduced rate. It covered nothing and she did a contract. Luck wasn't on our side for it. Eventually after they denied assistance we said we are going to stop paying. They threatened us with recourse but gave up when I kept submitting paperwork for something they should have covered. Like, literally 3 times a week submitting a new claim on miscellaneous issues. It drove them crazy since they had to assign case numbers and managers to each. But, they let us out of the contract. 1 1 Quote Link to comment Share on other sites More sharing options...
BillsFan4 Posted June 26, 2023 Share Posted June 26, 2023 Congrats! That’s a big accomplishment and something to be proud of! 1 Quote Link to comment Share on other sites More sharing options...
Draconator Posted June 26, 2023 Author Share Posted June 26, 2023 6 minutes ago, BillsFan4 said: Congrats! That’s a big accomplishment and something to be proud of! Thank you! 1 hour ago, aristocrat said: Buy up to a four plex and you can have no mortgage Mortgages don't scare us, but a 4 plex down the road is a sound investment plan. 2 hours ago, boyst said: Oh. And don't get a home warranty. They're trash. Exactly 1 Quote Link to comment Share on other sites More sharing options...
WhoTom Posted June 26, 2023 Share Posted June 26, 2023 3 hours ago, boyst said: Oh. And don't get a home warranty. They're trash. Better yet, get the seller to toss it in at no extra cost. We did that with our current house. After the 1st winter, the furnace died. While the home warranty didn't pay for a replacement, they did offer a few grand to repair the old one. We took the money and applied it toward a new one. And we didn't renew the home warranty after that. 1 1 Quote Link to comment Share on other sites More sharing options...
boater Posted June 26, 2023 Share Posted June 26, 2023 Congratulations! It's nice not to rent. Though, you'll find the rigors of homeownership conflict with your body as you advance in age. When I reach my 70s I plan on a senior apartment. No more shoveling, snow blowing, and lawn mowing. Quote Link to comment Share on other sites More sharing options...
Augie Posted June 26, 2023 Share Posted June 26, 2023 16 hours ago, SinceThe70s said: Congrats! And all the best to you and your wife! Home ownership comes with it's challenges - feels like everything has been breaking or aging-out for us lately. Frustrating as hell but in the end well worth it. Our son and his wife used to rent a townhouse from us (well below market rent, of course) and we’d hear about it every time the oven broke or they had a plumbing issue. I’d wait all day for the guy to show, then order parts so I could wait all day again when the parts came in. Then I would pay for it all. They bought their first house about a year ago. It was a rude awakening for my cheapskate son! 😂 Congrats to @Draconator on the first house. It’s nice to be able to do what you want with the property and benefit from the value you add. 1 1 Quote Link to comment Share on other sites More sharing options...
Gugny Posted June 26, 2023 Share Posted June 26, 2023 Congrats! You seem like a really great dude and I wish the best for you and yours! 1 Quote Link to comment Share on other sites More sharing options...
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