# How old will you be when you pay off your house? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [March 19, 2009, 10:16am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763 "2009-03-19T10:16:55Z")\ **Posts on this page:** 20\ **Page:** 4
**Author:** ![longuyen88](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/longuyen88/32/7611_2.png) [@longuyen88](https://forums.speedlife.net/u/longuyen88)\ **Post date:** [March 20, 2009, 7:21am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/61 "2009-03-20T07:21:59Z")
I paid off a rental property when I was 18 (I am 20 now). It was cheap (45k) but has really good cash flow. Still living at home though. ---
**Author:** ![Xander](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/xander/32/7597_2.png) [@Xander](https://forums.speedlife.net/u/Xander)\ **Post date:** [March 20, 2009, 9:36am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/62 "2009-03-20T09:36:48Z")
> [@longuyen88](#): > > I paid off a rental property when I was 18 (I am 20 now). It was cheap (45k) but has really good cash flow. > > Still living at home though. So you paid it off in under 12months? IIRC you can’t own a house till you are an adult in the eyes of the law and can be held accountable. X… P.S. I paid my house off before I even knew I was gonna buy one, so beat that NYSpeed. :picard: ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [March 20, 2009, 9:38am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/63 "2009-03-20T09:38:38Z")
> [@Xander](#): > > So you paid it off in under 12months? IIRC you can’t own a house till you are an adult in the eyes of the law and can be held accountable. > > X… > > P.S. I paid my house off before I even knew I was gonna buy one, so beat that NYSpeed. :picard: I took a loan on a house I didn’t even buy, just to say I paid off a loan. WUUUUT! BRING IT!!! ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [March 20, 2009, 9:47am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/64 "2009-03-20T09:47:08Z")
I beat up Chuck Norris and took his house for free, then I gave it back and he humbly accepted it. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [March 20, 2009, 9:54am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/65 "2009-03-20T09:54:54Z")
I fucking gave a loan to the fucking BANK! So that they could buy a house. ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [March 20, 2009, 10:06am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/66 "2009-03-20T10:06:00Z")
> [@cougarspeed](#): > > I fucking gave a loan to the fucking BANK! So that they could buy a house. Sad thing is this is true of all tax payers. LOL ---
**Author:** ![Harvey](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/harvey/32/5069_2.png) [@Harvey](https://forums.speedlife.net/u/Harvey)\ **Post date:** [March 20, 2009, 10:34am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/67 "2009-03-20T10:34:33Z")
39 on year 5 of a 15 year ---
**Author:** ![d3x](https://avatars.discourse-cdn.com/v4/letter/d/8491ac/32.png) [@d3x](https://forums.speedlife.net/u/d3x)\ **Post date:** [March 20, 2009, 10:36am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/68 "2009-03-20T10:36:47Z")
> [@fairgentleman Z](#): > > @ssuming 6% > > The monthly paymet is 479.64. > > @ $2k/yr, ($167/mo) additional to principle would pay of the loan… > > [http://www.mortgage-calc.com/mortgage/loan.php](http://www.mortgage-calc.com/mortgage/loan.php) I’ll be 46 then. ---
**Author:** ![Coldaccord](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/coldaccord/32/7272_2.png) [@Coldaccord](https://forums.speedlife.net/u/Coldaccord)\ **Post date:** [March 20, 2009, 6:29pm UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/69 "2009-03-20T18:29:28Z")
david you should sell me the breckenridge house for 50k ---
**Author:** ![longuyen88](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/longuyen88/32/7611_2.png) [@longuyen88](https://forums.speedlife.net/u/longuyen88)\ **Post date:** [March 21, 2009, 12:17pm UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/70 "2009-03-21T12:17:41Z")
> [@Xander](#): > > So you paid it off in under 12months? IIRC you can’t own a house till you are an adult in the eyes of the law and can be held accountable. > > X… > > P.S. I paid my house off before I even knew I was gonna buy one, so beat that NYSpeed. :picard: No, I paid cash to my parents which got the loan for me. Therefore the deed isn’t in my name. ---
**Author:** ![SilverGT](https://avatars.discourse-cdn.com/v4/letter/s/8dc957/32.png) [@SilverGT](https://forums.speedlife.net/u/SilverGT)\ **Post date:** [March 24, 2009, 10:56am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/71 "2009-03-24T10:56:21Z")
> [@Coldaccord](#): > > david you should sell me the breckenridge house for 50k if you would of asked me sooner i would of sold the house to you for 25k no question asked…but i dont live there any longer ☹ great LARGE house…just to much for me… $1000 monthly heating bills will kill you. lol ---
**Author:** ![Coldaccord](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/coldaccord/32/7272_2.png) [@Coldaccord](https://forums.speedlife.net/u/Coldaccord)\ **Post date:** [March 24, 2009, 11:25am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/72 "2009-03-24T11:25:36Z")
damn dude I would have bought that joint for 25k no problem ---
**Author:** ![duck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/duck/32/7183_2.png) [@duck](https://forums.speedlife.net/u/duck)\ **Post date:** [March 24, 2009, 11:32am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/73 "2009-03-24T11:32:32Z")
i’ll be 57! Can’t wait. ---
**Author:** ![Coldaccord](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/coldaccord/32/7272_2.png) [@Coldaccord](https://forums.speedlife.net/u/Coldaccord)\ **Post date:** [March 24, 2009, 12:14pm UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/74 "2009-03-24T12:14:13Z")
> [@SilverGT](#): > > if you would of asked me sooner i would of sold the house to you for 25k no question asked…but i dont live there any longer ☹ great LARGE house…just to much for me… $1000 monthly heating bills will kill you. lol wait so who owns it now then? ---
**Author:** ![Xander](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/xander/32/7597_2.png) [@Xander](https://forums.speedlife.net/u/Xander)\ **Post date:** [March 24, 2009, 2:43pm UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/75 "2009-03-24T14:43:38Z")
> [@longuyen88](#): > > No, I paid cash to my parents which got the loan for me. Therefore the deed isn’t in my name. ahh, one of those “not so legit jobs”. X… ---
**Author:** ![SilverGT](https://avatars.discourse-cdn.com/v4/letter/s/8dc957/32.png) [@SilverGT](https://forums.speedlife.net/u/SilverGT)\ **Post date:** [March 25, 2009, 5:05am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/76 "2009-03-25T05:05:00Z")
> [@Coldaccord](#): > > wait so who owns it now then? Some random person who brought it lol. did not know who it was > [@longuyen88](#): > > No, I paid cash to my parents which got the loan for me. Therefore the deed isn’t in my name. does not count 🙂 lol ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [March 25, 2009, 5:09am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/77 "2009-03-25T05:09:36Z")
What if your parents just gave you a big bag of cash and you bought your first house with it? Does that count? 😃 ---
**Author:** ![buffalo\_vr4](https://avatars.discourse-cdn.com/v4/letter/b/7ea924/32.png) [@buffalo\_vr4](https://forums.speedlife.net/u/buffalo_vr4)\ **Post date:** [March 25, 2009, 7:05am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/78 "2009-03-25T07:05:03Z")
bought a rental house by ub south when i was 23, was paid in full in cash. ---
**Author:** ![Johnnylude](https://avatars.discourse-cdn.com/v4/letter/j/2acd7d/32.png) [@Johnnylude](https://forums.speedlife.net/u/Johnnylude)\ **Post date:** [March 25, 2009, 7:20am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/79 "2009-03-25T07:20:20Z")
57 and dead ---
**Author:** ![TradersBASE](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/tradersbase/32/5321_2.png) [@TradersBASE](https://forums.speedlife.net/u/TradersBASE)\ **Post date:** [March 25, 2009, 8:04am UTC](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763/80 "2009-03-25T08:04:35Z")
![http://www.instablogsimages.com/images/2007/11/29/silver-spoon-cadillac-img3_5965.jpg](http://www.instablogsimages.com/images/2007/11/29/silver-spoon-cadillac-img3_5965.jpg) 5000 silver spoons. Nuff said. :mamoru: I’m not hating…I’m jealous. Any rich parents looking to adopt? [Previous page](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763.md?page=3) [Next page](https://forums.speedlife.net/t/how-old-will-you-be-when-you-pay-off-your-house/64763.md?page=5)