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Sure feels like another bubble/buying frenzy


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2012 Apr 26, 4:55am   59,461 views  138 comments

by ih8alameda2   ➕follow (0)   💰tip   ignore  

Long story short, I've been in the market over 8 years, sitting on the sidelines, being patient. Found a "dream" house, 3/2 1700sqft, nothing fancy, but i liked the layout and the yard and it had a sunroom. Comps would place it somewhere in the low $600k's. Asking was approx 20% above comps.

Mostly because it seemed like the perfect house and I'm so tired of house searching, especially with the artificially low inventory, we got an approved letter from our mortgage broker, waived our loan contingencies and offer FULL Asking the day after the first open house. We gave them 1 day to respond with clear instructions that we will not be resubmitting an offer as I don't want to play BS bidding wars/games.

The sellers agent couldn't even be bothered to even respond to the offer. Words cannot describe how much disdain I have for these worthless and unprofessional used car salesmen.

However if they're that confident it'll go over, then I'm 100% certain that this spring/summer is going to be another bubble.

Good luck to those buying!

#housing

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137   SiO2   2012 May 1, 5:52am  

rootvg says

The realtor for the people who sold our house to us said if there's a deal where the other side is Chinese, she'll simply not get involved. They can't be trusted. ... you object, they throw some politically correct bullshit in your face and call you a racist.

so basically, this realtor doesn't like being called racist because she won't deal with Chinese people? Does this seem funny to anyone else?
How can a realtor who refuses to deal with Chinese people be successful in the Bay Area? That's a lot of the market.

138   rootvg   2012 May 1, 10:55am  

SiO2 says

rootvg says

The realtor for the people who sold our house to us said if there's a deal where the other side is Chinese, she'll simply not get involved. They can't be trusted. ... you object, they throw some politically correct bullshit in your face and call you a racist.

so basically, this realtor doesn't like being called racist because she won't deal with Chinese people? Does this seem funny to anyone else?

How can a realtor who refuses to deal with Chinese people be successful in the Bay Area? That's a lot of the market.

I don't think she gives a shit what you call her. She's been in the business for so long that I don't think it would affect her either way.

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