In the past few years, Americans have been in a home-buying frenzy. When the dust settled, it was found an astounding 72% of first-time home buyers had regrets about their purchase. Many factors can contribute to the general dissatisfaction: distance from family, house prices, cost of living, and others. However, in this article, we’ve found Americans whose main regret was the location they chose. If you’re thinking of checking out a new city, read on to find places Americans regretted settling in.
Like millions of other Americans, Seattle native Stephanie DiSantis tried to buy a new home during the pandemic. Her current 800-square-foot townhouse was making her claustrophobic. Still wanting to stay in Seattle, she set her budget to $900,000, but she quickly realized she would have to increase it to stay in the central neighborhood. After a reassessment of her priorities, she pushed it up to $1.3 million. Having had the privilege of extensive travel and other financial freedoms, she thought she could afford a bigger mortgage.
Luckily, she found a much more spacious 2,570-square-foot house for $1.45 million. It was over her budget but still obtainable. The house gave her more space and the location she desired, but she soon found herself regretting her choice. Her job began to burn her out, and when she lived in the town house, she could’ve quit her job for a year and been fine. Now with her new, hefty mortgage, she couldn’t afford to rest. Looking back, she wished she had moved elsewhere, or at least waited a few years for the market prices to drop.