75% of recent home buyers have regrets about their new home A less frenzied spring market could ease buyer's remorse by giving shoppers more time to weigh their options - The top regret cited by recent buyers is purchasing a home that needs more work or maintenance than expected. - Nearly three-quarters of successful buyers wish they had done at least one thing differently; nearly 40% wish they had taken more time searching for a home or weighing their options. - Most recent home shoppers faced buyer burnout, pausing their home search at least once during the process. Feb 8, 2022
Main thing is location. we live in a cul de sac which means no thru traffic. And it feels totally safe. The big deal is everyone here is a owner, you do not want to be anywhere around rentals, have been there and it always sucks.
Bought this place knowing we were surrounded by fellow owners and it has a built in room in back for the wifes day care biz, and a huge two car garage for my Fortress of Solitude, big back yard with an orange tree and a lemon tree, wife into hummingbirds.
Thrilled and won't be moving. Down to owing around 76, 000.
"Regrets, I've had a few But then again, too few to mention"
Is natural to have some regrets after making a purchase. I've regretted buying certain running shoes. Why would a house be any different? But keep telling yourself whatever you need to make yourself feel better about not owning a home.
Main thing is location. we live in a cul de sac which means no thru traffic. And it feels totally safe. The big deal is everyone here is a owner, you do not want to be anywhere around rentals, have been there and it always sucks.
Bought this place knowing we were surrounded by fellow owners and it has a built in room in back for the wifes day care biz, and a huge two car garage for my Fortress of Solitude, big back yard with an orange tree and a lemon tree, wife into hummingbirds.
Thrilled and won't be moving. Down to owing around 76, 000.
The main thing is you don’t want to be near a home daycare. You don’t purchase in a residential area for someone to take it upon themselves to zone it for commercial use.
The way regret is defined there, I think the headline is misleading. Obviously most buyer wish they had done something differently, maybe held firm in negotiations over that last $5k, whatever.
But these buyers will have real regrets if rates start rising more than they are already and it crashes the housing market. It would not be shocking to see a 20% or more downturn is housing prices this year. Not only will rates be rising but the FED is going to stop buying mortgage back securities. This is the highest housing cost to income has been in US history, including leading up to the housing crisis. All it takes apparently is 15 years for American's to forget about how the FED blew the bubble in the housing market.
I think it's more regretful if someone is stuck in some apartment and paying rent which is just throwing money down the toilet.
Toilets, everyone has to have them...right? You know others, some people, have other things in their bathrooms. Like servers. E-mail servers. They said she had, someone said, 33,000 e-mails, where are they? I know who can find them, Russia, are you listening? I'm laughing, see, it's a joke. But when it comes to documents, leases, that sort of stuff, you know, one option is to just tear that up and flush it down the toilet. No one is ever getting that back. And no one knows, No records. Not like crooked Hillary's e-mails.
75% of recent home buyers have regrets about their new home A less frenzied spring market could ease buyer's remorse by giving shoppers more time to weigh their options - The top regret cited by recent buyers is purchasing a home that needs more work or maintenance than expected. - Nearly three-quarters of successful buyers wish they had done at least one thing differently; nearly 40% wish they had taken more time searching for a home or weighing their options. - Most recent home shoppers faced buyer burnout, pausing their home search at least once during the process. Feb 8, 2022
"Regrets, I've had a few But then again, too few to mention"
Is natural to have some regrets after making a purchase. I've regretted buying certain running shoes. Why would a house be any different? But keep telling yourself whatever you need to make yourself feel better about not owning a home.
Well a pair of running shoes might cost $150. A house is costing (median) about $500K. Those shoes likely don't need repairs done. Pretty easy to buy a new pair of shoes.
Maybe people think soon no one will want to live in a house anymore? That's wrong though. Only way the housing market will go the opposite way is if people stopped wanting to live in metro areas. Houses in the middle of nowhere haven't gone up much at all. And the other option is if it suddenly becomes cheap to build a house, which is also not likely.
And then I guess if interest rates go waaaay up fewer people will be able to pay for a house which would drop the price, but then the only people who can take advantage of that situation are people who can pay in cash for the house. Someone who can pay in cash during time of high interest rates can make a killing if they hold and sell it in the future when interest rates go back down and more people get in the game.
They said, many of them -- experts, said, that Millennials don't want houses. Don't want them. Don't want to be tied down. Too much maintenance. So you know what? They stopped building those homes. Just stopped , done. Only build big houses, we build things too, but bigger things. But the little ones, the first ones, they stopped building them. So now they want houses? But there's no houses.
Most home owners publicly boast about it, and privately whine about it. Constantly.
A friend of mine's condo flooded. Insurance won't cover it, as she had moved out just over a month earlier and her policy changed. She will have to pay $20-40k out of pocket to cover the damages.
She moved into a century home that needs a lot of work, and now she just whines she is "hemorrhaging money."
