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Reply to "Beyond Frustrated in Vienna market"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Op is asking the right question though… who are you losing to? Answer is people who have more money than you or are willing to do things financially that you are not willing to do. Op, you are not alone, and you are not “wrong” by setting your limits. We are in the same boat, looking for houses in a similar price range and are consistently surprised, and in some cases, frustrated. We have a good income and are set up well financially (800k HHI, 3m liquid assets, early 30s), but we have always believed that it doesn’t make sense to over pay. We feel the same pressures as others. We have a 2yo and want to settle into a community, but we have our limits. We know what we think things are worth to us, and we have decided that we will not get pushed into something that feels like an overpay. Best advice, try not to worry about it, set your budget, stick to it, and pocket the money that you save when you lose. You might find that in a few years you are much wealthier and in a less competitive price point, capable of making a deal that makes sense for you.[/quote] My sister was like you and lost so many houses. She ended up buying years later, settling for less, and lost out on the market gains if she had up her price and bought earlier. [b]Newsflash, prices are not going down[/b]. You will just pay more in a few years and uproot your family later to move.[/quote] Yep. Just wait until the AI IPO money floods the housing market here. They’ve been hiring like crazy in DC for their federal offerings. [/quote] Why would it flood housing market here? People cashing out can retire right about anywhere. [/quote]
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