When Should Newlyweds Buy Their First House?

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[…] presents When Should Newlyweds Buy Their First House? saying, “A house is your biggest investment and the basis for long-term wealth building. […]

[…] presents When Should Newlyweds Buy Their First House? saying, “A house is your biggest investment and the basis for long-term wealth building. […]

This is all fantastic advice. We bought our home while I still had a small amount of student loans, and although we were very lucky, I’d strongly advise anyone else in the same situation to wait. Having student loans or consumer debt on top of all the surprises that come with a house is stress you can live without.
If you can commit to paying for a house, you can commit to working like crazy for a year or two first and getting rid of your other debts.

useful article.
here in china the house price keeps rising. especially in big cities, such as Shanghai, Beijing. here in shanghai, 200 million yuan, you can only buy a flat in the town, one or two hours away from city center. however, many businessmen are sensitive for the price, they have already bought many flats for investment.
I’m lucky I also have got a small flat of my life. at the third year after graduation. then i begin to realise, sometimes when you need to make quick decision, you need to do it quickly . but not hesitate all the times, chances will flee away. I’m not married, but i already have a flat. that small success also brings me confidence. I feel I’m a useful person in this world, I’m not living for nothing. When I deal with a trouble, I can have patience to finally solve it.
However, many rich people in this world have many houses, they have their way. my home is just a small common one.

toodous @ hotmail.c

This is fantastic advice. I’m newly engaged and we are going to be looking at houses within the next year. I’m saving saving saving like crazy and going to see if I can pull off a second job just to give us extra money to save and put away. my advice to give as well, save for furniture. Have X amount set aside for just that, and not only X amount for 3-5 months of bills, but for groceries too. no one likes an empty fridge. Have that back up plan set so you know you won’t have to live paycheck to paycheck when you first buy a home!

[…] kids also cost a lot of money. Their childcare costs alone would allow me to live in a house that costs more than twice my current home. If I didn’t have the ongoing expenses associated with […]

[…] When Should Newlyweds Buy Their First House? […]

[…] remember buying a home means you will be permanently resident in that location – you’ll likely lose money if you sell in the first five years. So, does the location fit what you want and need for the next […]

I think it makes sense why it’s better to wait one year after you get married to buy a house. My sister and I have been debating this idea for a while now. Personally, I think it just depends on the couple.

My wife and I have been married for over a year now and are looking into buying our first home soon. I like your point about asking if the neighborhood is up-and-coming with other young couples. I want to live in a place with people our age, so I’ll be sure to research this a bit.