Many Millennials Suffer Homebuyer's Remorse
Congratulations! You've made it through the home-buying process. You feel a great sense of satisfaction and relief. Will you feel the same way over time?
According to a new survey from Bankrate.com, you have a decent chance of regretting something about your home purchase – especially if you're a millennial.
While 79% of survey respondents consider owning a home a part of achieving the American dream, 44% have some regrets about the homes they chose. Almost two-thirds (63%) of millennials suffered from buyer's remorse – more than any other generation and almost twice the rate of baby boomers.
Why are millennials facing greater regrets? Survey results suggest that they underestimated the running costs of owning a home. Underestimating maintenance and failing to account for unexpected costs was the most common regret in the survey, cited by 18%...
from MoneyTips http://bit.ly/2UN6BTy
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