OH, NO — WHAT DID I DO? Unpacking the Reasons Behind Millennials’ Buyer Remorse
• Unhappy with the location or does not feel like home • “House poor” syndrome — stress over the nose-dive of the bank account after the down payment • Unrealistic expectation of a fast return on the investment
After millennials purchase their first homes, some aren’t exactly thrilled with their decision. In fact, according to a survey, roughly 70% of millennials regret the home purchase they made. When asked why they feel such buyer’s remorse, millennials cited a lack of real estate education and pressure from their real estate agent to make a deal. That is why it’s crucial to hire a skilled real estate attorney as soon as you begin your home search. This grants you the opportunity to have a powerful real estate advocate on your side who knows how to ask questions that will lead you in the right direction and lessen the likelihood of anyone experiencing regret down the road.
Overall, the main reasons millennials have felt unfulfilled after their first home
purchase include overspending on the down payment, underestimating ongoing costs, and settling for a home that wasn’t fit for them. They don’t necessarily regret purchasing a house — they just regret the one they chose. Whether you’re interested in purchasing your first home or are looking for a tradeup, the real estate attorneys at Merlino & Gonzalez can help you navigate and understand the real estate buying process with your best interest at heart. We are here to find your dream home. Contact us today to set up a consultation!
Some of the top reasons reported by millennial first-time buyers for their regrets include:
• Desire for experiences (such as vacations, trips, and events) over material things (like a house or expensive jewelry) • Desire for movement and freedom over being tied down to one place • Underestimation of the time and costs involved in the maintenance and repairs of the home • Does not fit their lifestyle (too big/small, too far from work/family)
SUDOKU
GRAPE, GOAT CHEESE, AND HONEY STUFFED SWEET POTATOES Inspired by HowSweetEats.com MICHELE’S RECIPE CORNER
This sweet and savory appetizer is perfect for the transition between summer and fall.
INGREDIENTS
• 4 oz goat cheese, divided • 2 tbsp honey, plus additional for drizzling • Pinch of cinnamon • Pinch of nutmeg
• 4 sweet potatoes • 2 cups seedless red grapes • 1 tsp grapeseed oil • 1/4 tsp salt, plus a pinch • 1/4 tsp pepper, plus a pinch
DIRECTIONS
1. Preheat oven to 350 F. 2. With a fork, poke holes in potatoes. Tightly wrap each in aluminum foil. 3. On a baking sheet, place potatoes and roast for 45–60 minutes, until potatoes are tender. Remove and unwrap foil. 4. With a knife, slit each potato down the middle. 5. Increase oven to 450 F. 6. On a nonstick baking sheet, drizzle the grapes with grapeseed oil. Add a pinch of salt and pepper and toss to coat. Roast for 20–25 minutes. 7. Using a spoon, remove sweet potato flesh while keeping shape intact. 8. In a large bowl, mash sweet potato flesh with 3 oz goat cheese, cinnamon, nutmeg, salt, pepper, and honey. 9. Scoop filling back into potatoes. Top with remaining goat cheese, grapes, and drizzled honey.
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