[supafamous]

Originally Posted by PeanutButter

Hindsight and experience is always 20/20.

We have friends who were looking at a great detached in Vancouver. Lot was ~33x130ft, two car garage + car port, house was built in 2000, with a two bedroom basement suite and house was in move in ready shape (it was 2000 dated, but it was clean). The seller offered the house at $1.99M and our friends offered $2.05M (This was around July 2021).

The sellers actually wanted $2.1M and my friends just passed on it. It sat on the market for another month and it finally sold.

It was a solid house and their budget wasn't even stretched, they could go up to $2.2M, but they didn't think it was worth $2.1M.

At the time I told them $50k on a $2M house was nothing, but they were adamant the house wasn't even worth that much.

Fast forward to today where they still haven't found a house and they're kicking themselves because $2.2M in Vancouver right now doesn't have much.

Been there, done that. Took 9 months to find our first home 6 years ago and it was because we were stubborn about how much we were willing to pay (though we were pretty stretched at the time).

Right now I'm watching my brother in law and his family throw away good opportunities b/c he nickel and diming his way to a house. He's seen his cost go up $200-250k and feels he has to go out to South Surrey now b/c he's being cheap (he can afford $600k more if he wanted to). He keeps going, "It's not worth it" as though that's how things work nowadays.