64% of millennials have regrets about buying current home…

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Nearly two-thirds, or 64%, of millennials (ages 25 to 40) say they have at least one regret about purchasing their current home, according to a new poll of more than 1,400 U.S. homeowners from Bankrate.

Only about 45% of Gen X (ages 41 to 56) and 33% of baby boomers (ages 57 to 75) reported having some type of remorse about their current home, the survey found. But overall, having some dissatisfaction is pretty common: about 43% of all homeowners have at least one regret about their home.

“These purchases, even for those who are well qualified, can be a leap of faith,” says Mark Hamrick, Bankrate’s senior economic analyst. People tend to focus so much on actually being able to buy a home that many times there’s a sense that everything else will resolve itself once the initial purchase is completed, he says.

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“The reality is that it’s just the beginning of the homeownership experience,” Hamrick says. After the initial excitement has worn off, many homeowners are left with a regret or two, something they wish they’d done differently.

www.cnbc.com/2021/05/17/64percent-of-millennials-have-regrets-about-buying-their-current-home.html

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