I hope no one minds . . .

BriBri529 Posted: Mar 17, 2005 06:41 PM

I hope no one minds . . .

my polls, I am just trying to get a consensus . . . here's another . . . those 35 years of age and younger that own a house on LI, how did you come up with a down payment?

LisaT Posted: Mar 17, 2005 06:44 PM

Re: I hope no one minds . . .

I didn't answer the poll since I fall into a couple categories:

we saved
we got a 'gift' from my parents
we also borrowed a bit from them to get to 20% down

nov04LIbride Posted: Mar 17, 2005 06:46 PM

Re: I hope no one minds . . .

I'm 26, DH is 28. We saved since graduating from college.

RedHead Posted: Mar 17, 2005 06:50 PM

Re: I hope no one minds . . .

We will be making a lot of money off our condo and that will be our DP

brooklynbridezilla Posted: Mar 17, 2005 06:51 PM

Re: I hope no one minds . . .

We haven't bought a home yet, but we will definitely be saving for a while.

goingtobemrs Posted: Mar 17, 2005 06:53 PM

Re: I hope no one minds . . .

We are moving in my parent's basement after the wedding (we have an apartment now, but are not allowed to live in sin in front of them ) and won't be charged rent. We are going to stay there for at least 2 years to save save save so that we can have a HUGE downpayment so that we have options when we have children.

BriBri529 Posted: Mar 17, 2005 06:54 PM

Re: I hope no one minds . . .

Posted by tp329

We are moving in my parent's basement after the wedding (we have an apartment now, but are not allowed to live in sin in front of them ) and won't be charged rent. We are going to stay there for at least 2 years to save save save so that we can have a HUGE downpayment so that we have options when we have children.

we are doing something similar

heidla Posted: Mar 17, 2005 06:58 PM

Re: I hope no one minds . . .

I had some money saved and we used our wedding presents from our family to make up the difference.

February05 Posted: Mar 17, 2005 07:22 PM

Re: I hope no one minds . . .

Bri- i clicked 'other'.. but my vote doesnt count.. i just wanted to see how most people Did it (we're in the same boat)... so disregard one of the 'other' votes

sophie78 Posted: Mar 17, 2005 07:51 PM

Re: I hope no one minds . . .

I did not vote because none of the categories applied. We used the gifts from the wedding, $10,000 from my husband's savings, and I cashed in some of my stock portfolio from when I was a child.

swags1016 Posted: Mar 17, 2005 07:52 PM

Re: I hope no one minds . . .

We saved saved saved!

shamrock12472 Posted: Mar 17, 2005 07:56 PM

Re: I hope no one minds . . .

kpny622 Posted: Mar 17, 2005 07:57 PM

Re: I hope no one minds . . .

I saved since I was a teenager, together with wedding gifts

NPbride Posted: Mar 17, 2005 08:02 PM

Re: I hope no one minds . . .

We saved and saved but still didn't put down 20% so we also have a pretty high mortgage.

Jenny5150 Posted: Mar 17, 2005 08:06 PM

Re: I hope no one minds . . .

People think I'm joking when I say Martha Stewart paid for our DP , but my DH had made a commission from a Martha Stewart deal for Kmart that basically covered the DP.

Monkeybride Posted: Mar 17, 2005 08:18 PM

Re: I hope no one minds . . .

My DH sold his house and made a lot of money on it and I sold some stocks for my share. We put 20% down so we didn't have to pay PMI. The nice thing though is that we don't live in NY so our taxes aren't outrageous. Real estate is still somewhat high hear but property tax is normal.

TracyInQueens Posted: Mar 17, 2005 08:27 PM

Re: I hope no one minds . . .

I was very lucky. I didn't meet DH till I was 31 and I had a bit in the bank, but not nearly enough for a down payment, and not as much as I should have had at my age. I was more focused on having fun, enjoying my 20s, and I took a few nice vacations and paid cash for them all. In hindsight, I wish I'd saved more but then again I moved out on my own as soon as I finished college and really struggled for a few years. But I do have a lot of money in my retirement accounts, a lot more than DH, so I feel like I am contributing.

I say I am lucky because DH is a saver and his parents also sold their home and gave him a very generous amount of money, which he saved. That is our down payment, and the money I have left will help us build our savings back up.