Comments on: Scary Stories: Fellow Bloggers Share Their Tales of Buyer’s Remorse

By: Sam

Sam — Fri, 14 Oct 2011 11:29:49 +0000

To Matt Jabs and the others who regretted their home purchase… yes it’s a terrible feeling. I paid too much, way too much for this house. The cost of repairs is endless. I thought I would be ok, getting an “inexpensive” handyman but I should have known of the extra expenses. The Pest Report was enormous so I should have backed out when I could have. I felt pressured into it and a friend who was helping me look at houses really pushed and pushed that I get this. It was all such high pressure, the whole time and I have made a terrible mistake. this is painful to write. It’s just hard when you can’t go back. Ok I need to listen to one of the bloggers here who said she is going to have faith in God to get her through. Meditation has been helping a little. Positive thinking to replace all this regret…. that needs to happen more. I do so sympathize with you all!

By: J. Money

J. Money — Wed, 20 Apr 2011 20:48:56 +0000

This is totally awesome. Who knew pf bloggers make so many mistakes At least it give us something to write about!

By: Four Pillars

Four Pillars — Wed, 20 Apr 2011 20:48:56 +0000

Thanks for the link!

Zebra print jeans…lol. Now I don’t feel so bad about my house purchase.
.-= Four Pillars´s last blog ..Working With Canadians =-.

By: A Huge Example of Buyer’s Remorse (and How to Avoid It) | Ask Mr Credit Card's Blog

Wed, 20 Apr 2011 20:48:56 +0000

[...] post from Len Penzo from (where else?) http://www.lenpenzo.com. Len just wrote a piece on his blog asking other pf bloggers to share their biggest buying remorse. In this post, he is going to share with us his biggest buyers remorse. And man is it a big one! If [...]

By: Len Penzo

Len Penzo — Wed, 20 Apr 2011 20:48:56 +0000

@J-Man: No kidding about us bloggers making so many mistakes! But now I am COMPLETELY out of new ideas – and I can’t afford to make another stupid purchase of my own just for the sake of another article!

@Four Pillars: You’re very welcome! Thanks for participating! And you’re right, the zebra prints are tough to live down – I really empathize with Spend On Life! (I only wore mine one time too.) lol

By: Monevator

Monevator — Wed, 20 Apr 2011 20:48:56 +0000

Cool article!

For the people who regret their house (e.g. J Money) is it the downturn in property prices that made you feel this way, or do you think you’d still feel trapped if prices had stayed flat or risen?

I’ve always postponed buying a house, which means I’ve rented for well over a decade. It’s been a big mistake over the long-term but in any particular year renting seems a good move, so I’m curious…
.-= Monevator´s last blog ..Weekend reading: Sell oil, buy drugs =-.

By: Jason @ Redeeming Riches

Jason @ Redeeming Riches — Wed, 20 Apr 2011 20:48:56 +0000

Len, great job with the article. Our greatest mistakes can be our greatest lessons learned and can be used to help others avoid making the same ones.

No one wants to learn from people who are perfect! It’s cool to see all these financial gurus who have made mistakes helping people through their blogs!

Great post!
.-= Jason @ Redeeming Riches´s last blog ..How to Protect Your Important Documents =-.

By: Len Penzo

Len Penzo — Wed, 20 Apr 2011 20:48:56 +0000

@Monevator: My biggest case of buyer’s remorse (I tell the gory story in a guest post over at Ask Mr. Credit Card) was concerning my house, for two big reasons: 1) I didn’t consider the impacts of living 100 yards from railroad tracks, and 2) I bought at the top of a previous real estate bubble in 1990 – thereby trapping me for seven miserable years. I just wasn’t willing – or able to afford, really – to pay $20,000 back then to sell my home.

I know people who have rented their whole life even though they can easily afford to buy – they just prefer not having the responsibility of owning their own home (of course, the opportunity cost of that decision can be pretty significant depending on when you buy).

@Jason: You’re right, Jason. Good input. I’ve always said we learn more from our failures than from our successes.

By: Ashley

Ashley — Wed, 20 Apr 2011 20:48:56 +0000

@FourPillars & @LenPenzo Hey hey now, those jeans were very stylish….. until I was surrounded by prepubescent teenagers that thought it’d be a funny joke to spend the entire day pretending to be on the Serengeti zebra hunting! LOL! (And in case you were wondering, there are no pictures thank goodness)

On a serious note, it really was one of the first money lessons that hit home with me. I spent 1/6 of my net worth at the time, and had nothing to show for it. Even at 13 I quickly realized how foolish a purchase I’d made and from that point on saw everything I bought as an investment. No more random animal print fashion faux pas for me

By: Financial Samurai

Financial Samurai — Wed, 20 Apr 2011 20:48:56 +0000

My mistake this year was not going 100% ALL-IN in the stock market in February.

My bigger financial mistake was buying a vacation property 2.5 years ago. I thought I was getting a steal since I bought it for about 12% cheaper than the last guy. Turns out the property continue to decline by another 20%! This was a life style choice, and we don’t plan to ever sell. It’s climbing back now, but still, timing was off!

Hope to see you over at FS one day!

Best.
.-= Financial Samurai´s last blog ..Slapping Hands With Famous People, Saving Money At Events & Priceless Moments =-.