Homebuyer’s remorse: most people who bought a house recently have regrets

[Scottie Drippin]

What a surprise. What happened in the market the last few years is gonna play out like another tragedy in the next few

 

[Uachet]

After reading that, I see those people with remorse made a comedy of errors. Seriously, a bit of reading on homebuying would have saved them from a lot of their decisions made out of ignorance.

 

[feelosofer]

A lot of people bought houses in a rush without doing their homework.

 

[BlackBall]

A lot of people going to be underwater soon

 

[Pete Wrigley]

Bought our house in earlier 2021 with a 3% interest rate

Now, on average, interest rates are at 6% or some ridiculous number

 

[Spence]

Ok- then try and sell it then. Naw but for real, RE is local, so you could simply be lucky.


What is happening is people are looking at the $/sq. ft. So if you bought your house for $500/sq ft. last year, when rates were around 3%, AINT NO WAY a buyer is going to spend the same amount when their financing is nearly DOUBLE that.

All these Californians and People from Austin are snapping up real estate while it’s still cheaper than other cities so houses here don’t sit unless the asking price is ridic.

 

[Spence]

Bought our house in earlier 2021 with a 3% interest rate

Now, on average, interest rates are at 6% or some ridiculous number

I thought out 3.75 was high but I see these rates now and thank my lucky stars breh

 

[Mister_DoItNice]

I don’t regret buying my crib last year at all. Then again, I paid less than asking.

 

[Mike809]

I would like to buy my first house by the end of next year , something in the range of 200k-300k using my va loan.
Hopefully prices are better.

 

[jwinfield]

Bought July 2021, little bit less than asking. 2.75% fixed.

 

[richaveli83]

End of October will make one year since I bought my house. One of the best decisions I've made in life!

 

[UberEatsDriver]

Ain’t no way they talked to all Americans who purchased a home within the last 3 years to come up with this bullshyt 3 in 4 Americans stat. I know damn well I don’t regret my decision. Everybody I know and including people my wife don’t regret their decision. I feel like these articles main objective is to fear monger. Like if I get you so scared of some imaginary doomsday housing bubble you’ll be renting for the rest of your life. While all the mutual funds buy up all the housing and turn them into rental properties businesses that print money.

I’m sure there are many house poor people who do not regret it. Doesn’t change the fact they are house poor.

 

[Booker Carver]

I bought in 2019. Got a steal. Have probably put $60k into it. Currently worth about $180k more than what I bought for. 2.625% fixed.

You can use the equity to do so many things. I’ve got a HELOC on it.

The clients I’ve helped haven’t regretted it. I know people were overpaying though. Appraisals coming in much lower than purchase, but they had the money to put more down.

 

[franknitty711]

Most of these owners will be massively underwater with negative equity.

It was a scam the fed propped up the market for 15 years. Low rates, of course housing prices go up and become competitive when money is easy. The fed tightened that access though it doesn’t exist anymore.

Fed wants to crash housing and will to kill inflation. Hold on it’s gonna be a bumpy couple of years. The fed still hasn’t unloaded its balance sheet yet.

 

[Dave24]

Signing that mortgage contract in 2020 was one of the best decision I’ve ever made in my life.

New construction, four bedrooms, 2.5 bathrooms and I didn’t even finish the basement yet which will have a full bathroom as well.

2.9%

@Gator Reloaded congrats!