People SUFFERING MASSIVE BUYERS REMORSE Made These Mistakes

The reality is, if everyone who bought a home over the past few years just followed these simple guidelines when purchasing, no one would have a buyers remorse. Instead, so many people broke all of these rules and are now stuck with a house they hate, can't afford, or both! Let this be a warning if you are looking to jump into the housing market in the near future.

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Articles Mentioned in the Video

#realestate #housingmarket #homeprices #housingmarketcrash

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[georgecuster]

I ask myself this one question when purchasing something . “Will I own this or will it own me .”

[tbugher]

Reducing a home price 10% is nothing when the sellers jacked the asking price up from what they paid 100-200 %.

[dp.]

I don't know how people are doing it ...a 750k home with 20% down is 4000$ per month payment . That's no taxes and no insurance and that's 4000$ net amount . I wouldn't sleep at night.

[Just_a_good_old_boy]

I think HGTV has given too many home buyers delusions of grandeur

[socialisttrafficregulator]

As a former OTR truck driver, the largest takeaway that I got from my time crossing the country was that I found no "favorite place to live".
So, I retired where I lived.
The Midwest.
Avoid debt slavery at all costs.
And if you decide to rent out rooms,
post your listings at a nearby medical school if you can, as medical students tend to be lower profile and less trouble.

[Yup]

They were thinking like sheep. When you think like a sheep you get fleeced.

[tammyicious]

I remember when it was 25% of your pay. My dad told me rent should only be what you make in one week.

[johnjaco]

Michael could you take us for a walk through a $250, 000 I'm getting tired of looking at these millioners houses that I could not afford.

[nole]

I don’t live in Florida, but I live in the Southeast. The value of my house has more than doubled since 2002. I constantly get letters and texts from companies wanting to buy my house and I’m like, “yeah, so I can buy another house and get into another 30 year mortgage and pay higher mortgage payments with a higher interest rate?”. WTF? What I do know is that wages have not increased nearly at the rate that homes have. Something’s gotta give. These home prices are not sustainable.

[Falconlibrary]

My mom was ecstatic over her house doubling in value since she bought it 15 years ago.
Then she got her property tax bill, assessed on the increased value.

[ralphseewald]

We live in a world of instant gratification now. My dad could build a complete house all by himself and do everything on his own. He used recycled building materials and by the time it was finished it was also paid for.

[light]

I’ve got two friends who paid at least 150-200K over the actual value of their houses. I told them not to do it, and they said I was crazy. But now both are under water. I joked with both of them, saying I’ll be buying their short sale homes in 2-3 years and renting it back to them. Which, might actually happen!!

[nicolasbenson]

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[janejustice]

I've been sitting on the sidelines watching prices drop here and watching friends who bought in the last few years sink deep into debt. Meanwhile, Ive been investing and saving for the crash that is coming

[NickStalions]

What is embarrassing about renting? 😂 people need to get their priorities straight.

[rubicon]

The people who only put 3 or 5% down will just walk away when it hits the fan. They did it in 2010 and they'll do it again with little consequences.

[IDONOTDEBATEFREE]

I’m glad I watched this video ! As a new time home buyer seeker, you stopped me in my tracks. Someone in the comments said something about HGTV has us delusional, they are right 😂…I was embarrassed for being a renter and like you said, I’d rather live in my parents basement then pay 50% of my income . I do NOT want to be house poor so I will have to sit this out until these house prices come all the way down ! Thank you for saving me from myself.

[FrequentFlyer_MIA]

I Love being a single minimalist, high income earner with independent adult kids, not married and no debts!
The new American dream is staying fluid, and retiring abroad and traveling the world. Not dying in the same neighborhood after 30 to 40 years. Live a little!

[adayinthelifeofaflhousewif]

In Florida it’s investors driving up the prices and people who are coming from higher housing priced areas so they can afford it.

[driveyouroh]

Saving up and buying cash if you can is the best way