29M subscribers in the memes community. If you can afford the house AND you like living in it then there shouldn't be a problem. I was desperate and started looking at areas outside of my preferred areas. Not having the money to fix things is a big factor too, creates a world of difference in the experiences you will have over time. It doesn't feel empty at all. Use this subreddit to get advice on renting or buying accommodation in the UK, or to have civil discussions about it. Memes! A way of describing cultural information being shared. He finally managed to buy a house for his family when SoCal prices took a bit of a dip. Next day she few out for business. Yeah, buying a house is probably about the only reason you should make an early withdrawal from our retirement account. The neighbors behind my house have FOUR dogs. Here are the events leading up to now where I can confidently say I regret this whole decision and wish I just stayed in my apartment. I rent the house side for normal monthly rent to cover all costs. Once that happens, get away from this guy and his mom - they’re not good for you or your baby. Within a month of buying the house, he moved into her place and rents the house out. I’m almost 30, single and wfh. It is a split level house that creaks, the master bathroom is way too small, closets are small, I hate having to go up 2 flights of stairs to bring laundry to the bedrooms. 65% interest rate. I regret buying it, I don't like the size of it and there's nothing on it that I want to play for the foreseeable future. I thought this meant that the owners had purchased the house under the right to buy scheme, but turns out that is not the case. Net worth, who cares, a house is not a liquid asset. Maybe get some contractors quotes on finishing up some of the renovations you finished. Having said that, my 2 cents is that you're probably not going to regret buying a house in a good neighborhood. No one had TVs in their rooms. We wanted the house to be a good jumping off point for even more. It’s only 5 years old so everything else about it inside was great except for the old and loose carpet. Reply reply Snoo-10032 I’m 40, single. It might actually be anxiety. but the house is in far too good of condition to be torn down. Now it’s only like $3-4000 more to buy a new, zero mile car over one with 50k miles. Regardless, good luck on your tiny house adventure! The house can wait if you don't want/need a house right now. How can people who work in corporate ever buy homes? I bought a brand new house, moved in, 2 weeks later I get laid off. I lost my mind and went on about how we had talked about this issue for months, been to the property multiple times, and he even measured the rooms. 21 votes, 46 comments. I bought a doer-upper for £315k, sold my smaller house for £275k. We were able to find a house that suited us a lot better online. A friend did. So far I’m not regretting it’s. Buy a house you like in an area you like that will meet your present and expected future needs. Prices stay stagnate for years and nothing really changes. It makes sense to pay a little less and get a place to live rather than overpaying for a house we don't love but idk I never saw myself buying a condo. But I didn't buy in Eagle-fornia and nowhere near the silly $1M price points. We also don't want to have to move a riding mower wherever we wind up next or put it in the listing with the house. It hasn't been an easy two years, but the regret I feel about buying the place has eased somewhat, especially as the rental market has gone completely insane. Hang in there, take a breather, and relax. It'll all come together. one that was more affordable that we can actually buy property in (we were getting tired of paying nearly $4K for a small 1-bed apartment in manhattan, and the homes where we'd want to . Eventually I plan to sell when the kids have all moved out and buy somewhere much smaller and enjoy the left over money. I know, home purchase regret is a very common feeling for buyers (especially first time buyers as we are). Do you regret not buying Jan 21, 2024 · 82% of millennial home buyers report having one significant regret regarding the decision to buy. If it looks red-flag enough they might pull the plug, which would let you walk away from this without much blowback on you. Every time I get an itch to buy a vacation house, I do the following: Look up prices of the kind of house I would want, and calculate the total cost of ownership for 20 years. It was a newer house, 300 sq ft larger, newer appliances, and the same price as the house I’m in now. Moving is expensive and it sucks. I live in the San Francisco areahousing is horrendous. My second house was brand new when I bought it. You are much more likely to regret buying a house in an undesirable area or a house that has problems than you are to regret buying a slightly larger house than you need. 5% interest rate and have about $350k equity from a 2021 purchase… don’t regret it one bit and glad I started looking when I did and listened to my real estate agent vs my boomer parents who were like “you should never buy a house at/above asking price” lmao It sounds like your regrets, fears and doubts are more existential, in nature, than based in buying a house and the money being spent or not spent, and on what. I didn't have an Xbone so at least with the series X there's a lot of recent games I haven't played that will keep me occupied plus I'd say 95% of the games I bought on PS4 were multi platform. true. In 2007/9, when housing prices dropped off a cliff in many areas, intown/walkable neighborhoods' value in my city went flat (instead of falling). Welcome to /r/orangecounty, the Reddit community for all things related to Orange County, California. I didn't do any work on the house for about 2 months because it was just too much and now I'm back to DIYing on a weekly basis. 5 years with at least another 6 months of work left to do, telling myself I'll never buy another renovation project again. I know it beats the conventional Reddit wisdom, but following that will price you out of the market. And somebody massively overpaid for the house I sold. It's really fkn hard to do so once you have kids if that's something you see in your future. Aside from it being penalty-free, as long as you don't buy a house that's beyond your budget, you'll probably end up better off financially over the long term. I never imagined that I would be able to buy a house Just feeling like the location or house isn't what I wanted unfortunate you have 30 min to put in an offer I had an inspection done but it doesn't help the fact that I just don't like that I was pressured into overpaying by 40k on a 700k listing this is in Alberta Canada not USA houses cost alot more nothing fancy a nice house just not my personal fit and since everyone is back on the road I think it's pretty common to buy a house and immediately have a huge regret over something to the point that the issue becomes the only thing you can think about and drives you nuts. Thinking Toyota type of car, like a corolla hatchback. Talk to your banker and tell them you’re having concerns. It was too big. It was a beautiful house though, but I would never buy a house near the main road again no matter how much I loved it. The morning after we bought the house my boyfriend said he regrets it because there's not enough space for him. Lots to share, both good and bad. Corporate jobs are extremely unpredictable and you could lose your income at any time. It is 1240 square feet, which only felt small when all four of us started working from home (wife and two kids) at the same time. April 10th my wife mentioned that maybe we should buy instead of rent. Glad to not have a huge house now that the last kid moved out last year. I’ve been in a tiny house for about a year and 3 months after living in DFW in a 4/2 1780 sq ft house for most of my adult home owning life. We plan on being here for a very long time. If that sounds like you, find out what you can do. I bought it in 2004, and sold it in 2014 for $275K, so we didn’t make any money on it. I think it's a pretty common/normal thing to experience. It sold in a day for well under our max budget, and it had a pool. Take home is about 11k/mo, mortgage+HOA is $7k/mo. Try not to stress about getting everything settled right away—focus on what you absolutely need to be comfortable right now. No HOA. , is not feasible nor sustainable. If, at the end of that time, you still think it's a good decision then go for it. The house sat on market for 2 weeks before we went under contract. Interest rates for one! Thankfully I bought back in 2015 and locked in at a low rate. There was an identical house (literally a mirror plan) that came on the market the day I was visiting my wife’s grandparents. I know it might be kinda dumb to buy a house catered to my dogs needs but they’re like my whole life. My kids love my house. It made me boil with rage a little bit when I saw I paid the buyer’s agent around $11,000 for the work that he did when I sold my last house. Home inspector, so correct me if I am wrong, you get involved when the house is up for sale by people who want to get rid of it and will likely to not admit how much they regret having a pool. I was buying all 55" tvs, thinking that was the biggest I could handle. Buy that new car (better still, buy a 1-2 year old used model at a 20% discount) and enjoy. Between this year's tax increase and promotional APR ending, my house payment goes up $320/mo this year. Specially salaried people. Airbnb the suite to make the extra profit. 1 million in Nov 2021. i think I bit off more than I can chew. I bought in 2009 after the housing bubble burst and got it for 105k which gave me instant equity; with today’s market, it would list at about 315k. Study the USGS elevation map for the area you are buying to determine flooding. We rented with 1 bathroom for a lot of years. You followed the public sentiment of “Buy a House, it’s the best financial investment you could make” which is sadly wrong. How are you with retirement accounts? If those aren't healthy, I would use some of this money to max out a Roth IRA contribution for 2019 and 2020 and consider making pre-tax contributions to another retirement plan before I bought a house on a busy road once. I can look back to a house my parents bought in 1970. Celeste Mohan and Zach Flynn did not set out to buy a farmhouse with a barn and two cows. 5M as a tear down. Cool that I had a much larger patio, not cool that I could hear the clog dancers or whatever that lived above me. Overpaid for sure. You buy now economy tanks and prices go down and you regret buying. Living there was worse because I was always paranoid someone driving by was going to see me leaving the house and know it was empty and rob it in the middle of the day. I regret buying my first home because it needed more repairs than I thought. I have 2 dogs who i love and would love to get them a big yard and lots of space away from neighbors. do not feel guilty about this. Sharing walls with strangers that I could hear every hour of the day, giving $$$ to a landlord just to make them richer, creating a home out of 600 sf vs 1400 sf. And I can take the profit from the sale and use The person is freaking out and wanting to sell their house and the main example they gave for why is something that sounds solvable by maybe watching some youtube videos. I know quite a few other people who moved from CA to the PNW because they wanted to stay on the west coast but couldn’t afford to buy in CA (many of us did it in the 90s, before housing got crazy here too). Did the whole home buying process on my own with my realtor. You can apply all the above if you decide not to buy with opposite outcome. So I certainly have no regrets. My only regret there was that I was on the ground floor. Jan 4, 2023 · 30% of buyers said they rushed to make a decision; 35% paid more than they wanted to pay; 20% settled for a home in a less-desirable location than they hoped Not a regret : Purchased a 569 sqm lot in Antipolo in 2017. I was buying cheap Chinese 4K tv's about 5 years ago, trying to find something cheap, with a decent picture. Ever since moving into my new house I find myself hating them and their owners. In 10 years, for "normal" homes, nobody else will regret buying either. I’ve purchased my house a little over 6 months ago and although at the time it seemed like a good deal, now it feels like I’ve overpaid and regret all the expenses that come with it. To be honest it wasn’t until recently that I didn’t 100% regret buying the house. The average American buys a new house every 5 years. Interested in Real Estate Investing? You've come to the right place! /r/realestateinvesting is focused on sharing thoughts, experiences, advice and encouraging questions regardless of your real estate investing niche! My husband likes the house and I wanted him to be happy so I went along with buying it. So much went wrong the first few months. Now, it's 9,000 php per sqm. As Canada immigrant story has ENDed, forget about indefinite price growth, even sustaining the price it self is going to be a uphill task. 4,500 php per sqm back then. Especially when it comes to buying a house. 2800ft is pretty close to average size anyway. He passed, spent the next 30 or so years renting and that same house just sold for $1. Not duplexes, but houses with a small suite / mother-in-law quarters. Unless you already have some family property that you can sell off to buy another. First issue - Moth balls Found a house I liked, made an appointment and went to view it. The developer is almost finished building new a building next to ours. Owning a home is a big time and money commitment and renting just seemed to provide so much more freedom. It’ll be better for our needs without needing to make a lot of changes to work for us. When renting previously, I had more disposable income to spend and now I’m finding that I’m spending more and more on the house, to both furnish and get it Be prepared for your house not only being a potential money pit but also time pit; especially if you're buying a fixer upper Personally, I think 23 is just too young to buy a house, and that's speaking from personal experience. It's a house where we maintain what needs maintaining but it is literally not worth improving because of all the problems it has. I can barely afford my mortgage in my HCOL home town. Get the Reddit app Scan this QR code to download the app now Regret buying house due to plumbing issues . It's pretty rare these days for people to stay in a house. Just wondering if any of you were ever on the fence of buying a condo and ended up thinking it was a good decision or do you have any regrets and wish you went for a house. When she got back a week later we spent the next week doing online research. EDIT: The up side, and why I don't regret buying, it's literally half the rent we were paying. When it comes to actually buying the house, take your time and be willing to walk away. When I viewed the house the noise didn’t seem bad, mostly limited to outside of the house. A house should reflect your lifestyle and receiving a large inheritance should make your life more aligned with your desired goals, not farther from them. I don’t like being in a landlord-tenant relationship where my rent can increase on a whim, I can’t modify the property to my tastes, I can’t have pets or long-term visitors, etc. Please remember: Reddit IS NOT a replacement or substitute for a qualified solicitor, and any advice given here which relates to the law is purely academic in nature and should not be relied upon. Couldn’t afford to buy there in the early 90s so we moved to Oregon. April 29th: Made offer, offer excepted April 30th: Inspection Plus the condo appreciated by $170k in 7 years and I was able to use those funds to buy a house when I was ready. When we went through the process of buying the house (visits, inspection, etc) we noticed that there was some airplane noise and understood that it was near an airport but it did not All I'm going to say is this - buy a house before you settle down and start a family. We wound up buying a house with a detached 2 car garage and during crappy weather it’s great. So it's hit or miss. 3 years ago we bought a house in a HCOL area. How many offers were there for that house? you might have got the same house by offering 25K less as well. 100+ year old house, tons of chances to get out during the closing process (although I had doubts then, but chalked it up to normal anxiety over such a big decision), extremely turned off by the previous owners for the same reasons, hate the area (although unlike in your case, we are not close to any family or friends and Didnt buy the bigger house, don't regret it at all. Be out of consumer debt, save up an emergency fund, save up a down payment fund, build up a closing/moving cost fund, then consider buying a house. My husband has suggested just listing it again and moving back to the apartment we were renting, but that feels so silly and like a huge waste of money. Some months I make a few hundred. Then he met a girl 15 minutes past work, so it's an hour to his house. No garage and busy street. I kinda regret it cause I hate my neighbor and I wish I could have bought a house for the same price out of state but I keep trucking cause I see it as investment. If you have no immediate to medium plans to move. After inspection, nothing was found to be wrong. Could care less that my house is worth more, means jack all if you don't sell. I lived in a studio for 2 years and now with my parents. Nevertheless, I surprised her praying at a Statue of the vessel, confessing that she cannot stop drinking. Over the years people just regret they did not buy and or did not buy a large house or another house. 5 bath and would move to 3500 sqft on 2 levels, 5 bed, 3. Also had some emergency medical expenses. That's not a fair comparison. 25% of your take-home pay before HOA fees?! I fail to understand how in the entire home buying process you failed to account for the fact that having $900 or less each month for food, bills, gas, insurance, savings, etc. Has anyone ever had a huge regret of purchasing a home? I just got the keys to my house and I just do not like it. But now it's almost instantly a money pit with serious issues. Sometimes you gotta take a little risk for a lot of reward. It was the house my husband grew up in, so he was instantly on board. He said fuck it, I'm buying a boat and a house within 5 minutes of the water. I 1000% do not miss renting. I was right, 2 months afterwards my house was already worth more than what I paid and now I'm sitting comfortable in my house at a low interest rate that would cost ~125k more to buy right now. I bought my first home with a 2. My family (me, husband, 3 elementary age kids live at home, no pets) is considering if we should move to a larger house. It was a pain to sell. The house was $300K and my live-in girlfriend paid half the mortgage as rent. Nov 7, 2022 · Do you want to break up with your boyfriend or just the house? Selling so quickly after buying is a very costly endeavor. With my pre-MBA savings and post-MBA income, I was able to put down a downpayment in my post-MBA geo for a house for my wife and I to live in. For me, it's the hidden issues that are discovered in the process, caused the older generations lack of care for their homes. e. Yeah, he still regrets that move. With the vehicle industry right now, it’s almost impossible to find a used, cheaper car in Canada. Buying in the country is a way to avoid it, but noisy neighbors are a thing in SFHs too. So that he can get all of "his" money back from the house. I am now realizing this is not what I want; I find myself fantasizing about living in a small apartment and having the freedom to move if I please. So yeah, I regret not bidding on the other house when I had thought about it, but now I I personally will not buy a very old house if I can ever even afford to buy one down the line. Much more council tax. I had massive buyer's remorse when we bought our first place a couple of years ago. The house is from early 2000s, has a small backyard, good school district and walkable to metro and stores/restaurants. I think most people would take a home loan and buy a house at my current salary. No- investment, much more space and closer to secoundary schools. Lake front properties are all about the lake-shore, the house can be changed, removed, replaced, etc. A lot of people here giving information when they should not. sell your house for a small profit turn around and buy another house in a place you want If you sell now, you can kiss all of that goodbye, and probably not recover for a few years. Home is a better fit and mortgage is a third of what rent would be. Buying a house is likely to be the largest purchase you ever make. Second, you'll likely never regret buying a house with cash but it's also probably not the best way to maximize wealth. A used house always has some things you can't stand that the seller could live with. I think you should stay and work out your current house setup so you don’t take a huge monetary loss. Bro-in-law had one. He keeps telling me to fix up the house and sell it. I regret big time. I've also learned to accept that my current house is within the limits of what I can afford and the ones that I really want are not. So much money goes towards it every month and I still have so many years left of paying. An element of a culture or system of behavior… I just visited Malta as a tourist 1 year ago. I am just glad I bought something so I was locked into the appreciation/inflation roller coaster. but you can't change the lot (or the lake!). . This is also apparently a townhouse, which means that they can probably expect half the appreciation of an actual house. We moved 11/21 and it was really stressful. We listened and we all see what's happened We have a household income of 170K, and we're struggling to find a house in our budget. I also live somewhere remote and I need a vehicle that is very safe and reliable. If I had a partner I probably would have had a purchase a townhome at least. I shudder at what homes the same amount of money now gets you in my area, and at higher mortgage payments too. Everyone told me it’s the best thing I could ever do. Forget what the brand new apartment was like. Car theft (and stealing catalytic converters) also seems to be an issue in CO (we live in Denver) so I’m glad to not worry about that. Found a house we liked. At times-it was crowded when they were teenagers but we made due. As someone who works in manufacturing, I just can't fight against my training to want to push for due diligence. It's a smart thing to do to save and buy your own property whilst you've got less responsibilities. My family has been casually looking for a house for awhile (currently rent) and finally found one that ticked all the important boxes. Still in the process of renovating. But I’m not selling. Feb 4, 2022 · The Risk of the Impulse Buy. And the taxes were lower. 94 votes, 118 comments. You will get one then you will understand , good luck I have no regrets about buying a house but I see it as much more than an investment. Turns out it needs its attic reinsulated, it's foundation is crumbling, and the Chimney needs flashing The sweet spot I've found is "multi generational" homes. "My in-laws wanted to move, so they offered to 'gift' us the down payment if we bought their house. By that time, i had already made dozens of offers, lost bids and had a couple of months before my lease was up. Get your financial house in order. So many neighbors who recently bought within the last 2-3 years are selling and having trouble selling now. Jun 27, 2024 · Many people have regrets about choices they’ve made or have things they wish they’d known before buying their house, and a viral Reddit thread is highlighting the biggest pieces of advice now-homebuyers would give to their past selves. But a lot of it could be a reaction to the change, the stress of new homeownership, the fear of the future or the fear of failure, etc. But after they lost a bidding war for a rundown house in Boca Raton, Fla I relate to your wife in this situation - really a lot of similarities. My wife and I reached the "time to buy a home" phase around the height of the pre-2008 housing bubble. BUT, I love my house. ALL of my neighbors have dogs and all except one have multiple. Save up and try to get them done. I bought a 65", didn't even keep it a week. I can get around ~$150k - ~$200k down payment by the end of next year if I stretch myself. 25k cc debt built up since buying the house (took a new job at beginning of year with salary cut + RSU… RSU are paying off CC debt as they vest) My brother has his landlord offer to let him buy the house he was renting in Palo Alto for about $200k. Recently divorced with a large body of water 30 miles away. Buying a home to occupy is much different than buying an investment property. Some things came up during the inspection, and even before turning them over to the seller, knew it would be a lot of work. Maintenance, repairs, upgrades, age related things etc, it's a constant stress, I hate home ownership. Your numbers look ok to me. I'm having a very hard time with this for multiple reasons. Having a yard to care for, can be a few hours once a week. We shopped around for around a year or so, but were conistently looking at 2 bedroom 1 bath homes for $120k+, at a time when we were making a combined $40k a year. I made 130k last year and bought a 270k house at 6. The 45 minute drive to work, he knew that. Ideal we'd find a better home eventually but I honestly don't know as that will ever happen. Don’t judge yourself. We ended up buying a cheap house in an expensive town for $210k. Every room we tried to whack up a quick coat of paint in ended up with something else that needed doing first such as replastering or removing glued on dado rails and sanding varnish off. 2 years later its worth £80k more. Cons: Kitchen is small/dated. And being together was priceless. All are welcome, please read and abide by the rules in our sidebar. We live 35 & 50 minutes away from our jobs which are in the city, and we initially moved this far away so we could have more space at the expense of a longer commute. It was during the crazy Do whats best for you. Cold feet is very normal. April 27th: Visited house. The only drawback for me was that it was in the sticks. Living in an HOA controlled housing subdivision, that would be the worst of all We would like to show you a description here but the site won’t allow us. His experience: occasional massive lake flooding. I worked until the pandemic hit in March. I’ve really been going back and forth about buying new vs used- I have the money to go used and my goal is (or was) yours- have a car to turn the key and go with for 10 years. Prices, give or take, will double every 7 to 10 years. Bought in May 2021. The house has sloping floors which I barely noticed when we saw the house (had rosy colored glasses on because I was excited to buy and make something our own). It is definitely a new world where buyers just say: screw all of that old age wisdom, judge the home by a couple of photos, waive the inspection, don't even visit the home, offer for over asking, buy buy buy. these people are getting what they deserve and hopefully others can profit from their stupidity. Going back to being an apartment renter was WAY MORE DIFFICULT than I anticipated. Sitting here in my house I've been in for 1. Apr 2, 2022 · 1. Anyone been in a similar situation and know how to deal? TL;DR Bought a house we thought was in good condition. I bought at the peak of the market (june2022). Regret : my wife purchased a 2. I moved out of the house in my emotional wreck. I have panicked and almost backed out of every house we have ever bought. Thanks! I didn't regret not buying the house sooner, I regret not working remotely earlier (I've been 4 years at it only) in order to leave Manhattan and Denver earlier as possible. We just bought a house and we're set to move in the next month. We’ve spent 70k in major repairs in the first 6 months. the state of the market and the armies of people without houses are not because of people like you, it's because of people sitting on 3, 4, 10 houses, people treating being a landlord like a job instead of an investment, people buying perfectly good family homes and letting them sit empty as airbnbs, people buying Everybody who has been following my rehab journey has commented that I got “super lucky” with buying this house, when in reality, everybody else had the same opportunity to buy it and they walked away. Then I got the great idea the issue was I wasn't buying a BIG enough tv. I regret buying so far away from work My partner and I just moved into our first home together. I used to love dogs but don't have one myself. There's going to be a time where you want to move out and you're going to have to either get an apartment that will be your mortgage payment or more or buy another house. I did research this prior to buying the property on the council website and it said 'owned outright'. I was 27 when I bought the home, making about $80K. For context: I'm 55yo with a mid-7-figure net worth. We both decided to move to downtown Dallas in January 2022 due to a job opportunity and both of us feeling like we needed a new city to put roots down in i. Maybe in a decade or so I will be able to buy a real house in the bay area. I made the mistake of involving my parents in the house hunting process. That's a natural thing to feel around your age. Plus, it was $34k cheaper than the first house we bid on. If you keep paying on the house you have know that mortgage payment will only get more affordable as inflation rises and you'll be gaining more equity in the home along the way. It also protects your car from the elements and allows for storage space. But no matter how good your salary is, EMIs are pretty hefty. Regret Buying House I recently purchased a house with my significant other and the house itself and location (physical location and layout) are perfect for us. You will too especially if things don’t work out with the flat/apartment/project. Obviously the damp air and the old buildings make it challenging to keep a house neat but overall there was lot of smelly and mouldy places… and also not very nicely decorated I’m talking both from hostel hotels and rbnb. I don’t regret buying my house at all! The previous 10 years I’d rented a 450 sq ft apartment. ☺️ It's no secret that buying a house without home loan is next to impossible for vast majority. My house is an 888 sq ft, 2 bed, Bungalow on an 8,000 sq ft lot. Were able to buy our first house here after renting for a short time. We been wanting to buy a house for a couple years now and for some reason or another it just wasn't the right time. It’s true your kids will have friends over when they are between the ages of like 8ish to maybe 16-17 till they move out for college. Next time you look to buy a house you will have a much better idea of what you’re looking for. My mother helped me buy the house, but she used her money (she owns rental). In her words, only Yoba can help her So to help her again, I filled the house with Signs of the vessel, only to discover, that she never uses her room/her bed, but instead sleeps on the couch Man how I regret to have spent the 500000 g🤨 I regretted the house purchase for over a decade. The first 5 years mean repairs and corrections and changes to make them our own. 5 bath + garage. The same unit as ours is priced at 3. I dumped $6k into the house last year and expect at least a couple grand. Now in the early days of the offer process, and while we all still feel really good about the important things, I’m starting to have little doubts based on a friend’s comments. Don't buy for temporary reasons. I didn’t regret buying my first home, but I did regret not buying a home that we could have stayed in forever. [AZ] I just signed my cancellation letter for the purchase offer. We haven’t even been moved in for 3 weeks yet, and I am feeling regret about jumping the gun on buying this house. This one bathroom is way bigger and better house than my rental house I left, and much nicer than many of the cheap 2 bathroom houses that had horrible basement bathrooms. Yes, we had an inspection but in a rush due to competing offers. Luckily, I was able to attend a good program on scholarship so I came out with minimal debt. We had started searching during early covid and spent 10months in a hot market going through multiple bid situations, losing on ~10 homes, and then finally buying one that met most of our checkbox items but with many compromises. Welcome to AskWomenOver30, an inclusive Reddit community where people can ask question to and discuss topics with women over the age of 30. I bought a house in October 2023. Mom says, his main point of contention is that we did not consult him about it first and he has no control. But as it is now it’s a really great house and the pros of it having everything else we could want or need outweigh the negatives. I’m in my early 20’s and am thinking about buying a house now before having to pay 2x more for the same thing in 10 years. If you buy now you are in the market, so to speak. I’d say the quality of house was overall really bad. In that time, we've had some friends and relatives go big and get screwed by balloon mortgages. 5 summers). You buy rates go down, prices go up and you don't regret buying. I sugest buying a unit or town house if that is what suits you. My parents live in a million dollar home (purchased before it reached this insane price) in a nice suburb, and they still have to listen to neighbors’ dogs barking all day, and their music all day on the weekends… it’s a lot noisier than my condo! This is not our forever house and it doesn’t have the structure for a forever dream kitchen hence putting money to get modest upgrades also seems a bit too much. This house has more space and a better layout and a garage that doesn’t need work. Do people regret buying a house in late 2021 or 2022? r/Idaho • I came across this listing 689k (1st link below) and saw that the house across the street (literal identical built and finishes - 2nd link below) was sold for 1. We currently have 2000 sqft on one level, 4 bed 2. We were going to buy once I started working again in June but our financial advisor strongly recommended that we didn't. 2% and it is not fun. It had been on the market for a while (initially had been priced super high) and was in the perfect location for what we wanted. My house is located in a city so our houses and yards are all pretty close to each other. Happy now with the house because I 100% control what is done or not done. When buying my first home, the agent just picked out houses for us that we didn’t like, were in the totally wrong area, or were disgusting. Not sure where else to put this. I'll take myself as an example, I bought a house last year, it hadn't had any water for over 6 years, so we had no idea about the state of the plumbing system, and yep, leaks everywhere. Feel free to message me if you want to talk anything through. While searching, my wife fell in love with a newly renovated property on a not very good lot (on busy road, lakeshore 90% covered in weeds, not much shade). I felt it when I was approaching my 30s, and again when coming up on my 40s. Waiting wasn’t an ideal option for a bigger, more expensive house. Why in the world did you buy a house that accounts for 81. There really is only a few ways this can play out. There is an upfront cost involved with buying a house, and then the EMI. I feel… I kind of regret buying my new vehicle. This is your one-stop-shop for discussions, news, events, and local happenings in this sunny Southern California region. He said prices would plummet. I don’t regret owning a house, but this particular house has been a nightmare. Feb 27, 2017 · After moving in we found out that the house next door to us is a Housing Association house. I drive a 2006 Honda beater. Don’t let yourself fall for house fever. Assume that the EMI is the same as the rent (which it isn’t, not matter what anyone tells you), the upfront cost for renting a house is much cheaper than buying one. I knew from our very first tour in November that I didn’t like it and didn’t see myself living there. So I feel less 'guilty' about not owning something else. Sell your house and move. Seems like a no-brainer. However, if you buy a house and hate it or there's way more work involved, you will regret it. The house I’m in now is in a more desirable part of town with better schools and where housing prices tend to rise a bit faster. I have about 35% equity in my house but still owe more than I like to admit. Buy a house when you can you won’t regret it. 7 million php 1 bedroom condo with parking 5 or 7 years ago. During the next week I do some research. If you want to buy a house, you'll have plenty of cash+income set aside to do so and get the best interest rates (unless you're buying in a VHCOL area, in which case, good luck on finding anything in your price range that doesn't make you house poor for the next 30 years!). Some months I make more from the suite than the house. I don't regret it. Don’t buy this house though, you’ll regret it . Buying a house is a major life change. The house sat on the market for multiple years because it's in an extremely desirable old neighborhood where people are buying old homes and tearing down to build $1M+ homes of their own. I regret not taking the time to get a professional plumber to look at it, I regret not having money ready to fix the bathroom But I don't regret buying. The market has cooled significantly. I regret buying my house. Yes, I regret my house. "Buy the lot, not the house". 9 months ago I bought my first house on 3 acres using a VA loan with no money down and secured a 2. Buying a house is arguably the biggest purchase in one's life, yet, so few actually do the research and math before making the buy. We would like to show you a description here but the site won’t allow us. Life changes fast, and being in a hole indefinitely just because you didn’t particularly like the location of your house is a hell of a risk IMO. 7 million php. However, the house is in a suburb semi-far from the city. We ran the numbers and we don't think buying a riding lawn mower plus a shed to store it is financially wise since this is a 3 year house for us (2 or 2. That said, I'd hold off a while. ikgh jmuwt miqpl ejs dsezo jneg nwokf ffgkebb tir xiyqr