Almost half of Americans have buyer's remorse about their house (mortgage, fee)
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Ten days after I closed on my current small house, which was intended to be a vacation getaway for an active healthy person, I was disabled and subsequently had to sell my former residence and move here. I absolutely regret buying something with stairs, and a kitchen and baths completely unsuited to full-time living, let alone someone with a disability. Three months after that, the housing market imploded, so I'm still there, albeit with renovations.
Ten days after I closed on my current small house, which was intended to be a vacation getaway for an active healthy person, I was disabled and subsequently had to sell my former residence and move here. I absolutely regret buying something with stairs, and a kitchen and baths completely unsuited to full-time living, let alone someone with a disability. Three months after that, the housing market imploded, so I'm still there, albeit with renovations.
Well you deserve it, for buying a McMansion!!!! and taking food out of others' pockets, or something
I can pay cash for a lot of things. My last new car wasnpaif with cash. And my next car will be paid with cash. But no, I don't have enough cash laying around for a new house. According to Ramsey, I'm suppose to live in an apartment for 30 years to save up enough cash for a house. This is not what I did or ever do.
Not everything DR says is something that should be taken as gospel. Some of his stuff makes sense. His get out of debt process works. But as soon as I see his buy my book to get ahead he loses his credibility with me.
Not everyone is negligent with their credit or debt they owe. Plenty of people manage to buy houses and save money.
I had a friend who literally parroted DR strategy to a tee. She used his get out of debt system. And it worked. But 7 years later she's no further ahead in her finance. She's debt free but still has very little money. and she took her family and moved to a low col state. She's working 60 plus hours a week to make the same money she made here.
No way.
Super happy I bought on the lower end of our budget.
Home paid off and bc we were careful to buy in a great area (historically desirable), the value has gone up 25% in 7 years.
I regret buying my house. I watched coworkers who had properties double in value in 2-5 year's time. It was crazy, the early 2000's. I felt lucky to buy a starter home when I could; I made sure to buy what I could afford (2.5x my salary? something like that). It wasn't the house we wanted but it was what we could afford; and with luck we could move in 7-10 year's time. When we needed to. First time home buyers so the APR wasn't great either.
Oops. That was 2005. Market fell apart in due time. On one hand, excellent position, as I had minimized my costs without realizing it. Rode out a paycut with relative ease. OTOH, now I have a too-small house that is literally falling down.
Easy to look back and wish I had bought more. Today it'd be a small bump in monthly payment, now that I refi'd into a decent APR. Live and learn.
I never had buyer's remorse but I got kind of tired of all the "while it's opened up...." phone conversations when I was remodeling it. I bought the location, not the house. I spent as much remodeling as I spent for the place.
We bought this house ten years ago on the verge of retirement. Wish we had bought single level or master down with less land. Maybe a condo?
"Hope I remember some of my errors in the next life"
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