Reply to It’s a crisis that there are no SFHs in commuting distance to jobs with good schools

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]1000% crisis and when you do put an offer above asking there’s alway some SCHMUK that bids ridiculously higher or forgoes inspections. I hope the market crash and burns again. [/quote]

Have a pre-inspection done so that you can decide if want to buy the property. Than you can be like the other "SCHMUK that foregoes inspections."    Then offer what you can afford or want to pay. If you don't get the house because you can't pay what they offered, this house was too expensive for you.[/quote]

No ma’am! Only a SCHMUCK would pay $70,000 more than what the house is WORTH ON PAPER. And then cry because they’re underwater and have no equity. I can afford the house but I will not pay $70,000 more than what other houses in the area are worth on the same street. That doesn’t make sense. [/quote]

Ok but if the alternative is renting forever and/or living somewhere that does not suit you, is that great? 
If you’re planning to stay a while, it’s worth it to spend the extra 70k to win the house. If you have to pay 70k “extra” to win the house, then it’s a good bet that others were willing to spend an extra 60k, and would also do so if it were another comparable house in the area. So you are really only out 10k, and now you have the house you are happy with.  A house is worth what someone is willing to spend on it, doesn’t matter what it says “on paper”.
You sound penny-wise, pound-foolish.[/quote]

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