Title : "Celeste Mohan and Zach Flynn did not set out to buy a farmhouse with a barn and two cows. But after they lost a bidding war..."
link : "Celeste Mohan and Zach Flynn did not set out to buy a farmhouse with a barn and two cows. But after they lost a bidding war..."
"Celeste Mohan and Zach Flynn did not set out to buy a farmhouse with a barn and two cows. But after they lost a bidding war..."
"... for a rundown house in Boca Raton, Fla., the couple jumped on the 2,660-square-foot house in Lake Wales, a town of 16,000 about an hour from Orlando.... With their $400,000 budget, their options [had been] restricted to fixer-uppers, with fierce competition.... The farmhouse, set on five acres on a lake, seemed like an ideal alternative: quiet, pastoral, and charming.... Almost immediately, the couple regretted their decision. The property felt eerily quiet and isolated, and maintaining five acres and two cows was more work than they anticipated. 'You see these people on Instagram with their farm life,' Ms. Mohan said. 'Nobody tells you what actual hard work that is and how time consuming it is.'"
How could you not think it would not be hard work to keep 2 cows? Who reads farm life stuff on Instagram and thinks the life feels the way it looks in the pictures?
Anyway... more personal stories at the link, plus the news of WAV Group and Zillow surveys saying that "about three quarters of recent buyers expressed some regret": "About a third of respondents regret buying a house that needed more work than they anticipated, 31 percent wish the home they bought was bigger and 21 percent thought they overpaid."
Is that more than the normal level of regret? I would think just about everyone feels some regret about something. But these days a lot of people seem to be buying houses without looking at them in person and under the pressure of competition from other buyers. "Zillow projects that home prices will rise another 16 percent in 2022, on top of the 20 percent rise in 2021."
That sounds awful to me. I've only bought one house in my whole life, and that was back in 1986. We're thinking of selling it, but I advance-regret any transactions.
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