6 Major Cities Where Seniors Regret Purchasing a Home

Photo by Olena Yakobchuk at Shutterstock

Which big cities are retirees running away from?

Unfortunately, when buying a new house, retirees are the most vulnerable because many live on a fixed income and they can’t afford to play with their finances.

But many may want to move to be closer to family, or they might want to opt for a smaller size home that will require less upkeep. Some will even sell their house to access the equity built up over many years to stretch their retirement income further.

Sometimes there are also external factors that will drive retirees to sell their current home, as is the case with the cities in this article that are expected to be the biggest markets for retirees selling their homes this year, according to reports.

So which 6 cities should you stay away from if you’re looking to relocate? Click “Next” to find out!

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