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Rizzle
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00:00Why Millennials Are Regretting Homeownership More Than Ever
00:04The dream of homeownership has changed. Homeownership once signified adulthood and success,
00:10but millennials increasingly admit regret, revealing misaligned expectations with modern
00:15lifestyles. Unexpected costs catch buyers off-guard. Mortgage planning overlooked hidden expenses,
00:22taxes, insurance, maintenance, repairs, landscaping, utilities, and costly surprises,
00:27straining tight budgets. DIY burnout and maintenance fatigue are real. Time and energy
00:34demands overwhelmed new owners, with chores and complex repairs causing DIY burnout,
00:40especially for busy families. Remote work has changed priorities. Remote work untethered commutes,
00:47leaving buyers stuck in ill-suited locations or oversized homes, prioritizing flexibility over
00:53square footage. Buying too much too soon. Social pressure and FOMO pushed premature purchases,
00:59stretching budgets and compromising needs, leaving owners overhoused and financially strained.
01:06The myth of instant equity. Wealth-building expectations proved unrealistic. Slow appreciation,
01:12interest, closing costs, and selling expenses undermined hopes for quick equity. Housing market
01:18volatility feeds anxiety. Unpredictable prices, rising rates, inflation, and costly materials,
01:25fuel anxiety. Complicating refinancing, renovations, and long-term planning. Life plans are changing fast.
01:34Delayed marriage, shifting careers, and relocations clash with ownership's rigidity. Selling delays create
01:40missed opportunities and added strain. The emotional weight of ownership. Ongoing responsibilities,
01:46neighbor dynamics, and identity pressures make ownership emotionally heavy,
01:50conflicting with minimalism and desired simplicity.
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