Quote:
Originally Posted by lowside67
I don't understand this attitude at all, a primary residence especially with a wife and or kids is certainly an investment but also has to meet many noninvesting criteria - neighbourhood, schools, design, etc.
The difference between $698k and $700k is literally a rounding error in your payment, you were willing to pay $28k over asking but not $30k?! There is no such thing as loving a place enough to pay 698 but not 700, it's simply not quantifiable. At the end of the day this was just a question of ego - neither of you were willing to lose face over $2k.
You either missed out on buying a house that you wanted because you wouldn't pay $7.39/month more or almost paid $698k for a house you didn't want. Both are scary concepts.
Mark
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I already said it in my post. We didn't love the place enough to buy it for $700K.
We weren't even that serious about given them $698K given the fact that they had the place listed for $670K and there was only one offer and that offer fell through due to financing.
At most, we were only going to offer them $650K for their 1200 sqft house.
Oh yeah, since you didn't ask, that house also had a lot of shady reno's. Illegal unit in the attic. Black mold around the illegally installed window in said attic. Kitchen looked like it was from the early 80's including fluorescent tube lights that looked like there were installed as an after thought.
And what the fuck is this lose face thing? We are buying something that is going to cost close to 3/4 of a Mill. For you it might be pocket change, but for others, this is a very big purchase. So no, it's not a matter of face but a matter of we slept on it and felt we didn't love it enough to pay their asking price for it.