patrick.net

I put $25,000 over the asking price for this one, still got overbid!!!
http://www.redfin.com/CA/Foster-City/679-Beach-Park-Blvd-94404/home/2041496

So out of sheer frustration, considering going for the new constructions (Fusion or 37 degrees north new Town homes in Sunnyvale). Any pros and cons for Fusion or 37 deg n?

I am totally frustrated and broken. Many months of open houses and offers and getting my a** kicked by some uber-frustrated buyers putting their offers way over asking price.

I know I should wait. But how long? When will my time come? If I wait and find out that houses will cost even more than what it is now, what then? This low inventory situation in bay area is killing me. Piece of garbage houses are selling for insane prices.

To make the matters worse my ***hole apartment complex (Lakeshore Landing, San Mateo, ***k you!) just increased my 2 bedroom piece of s*** condo to $2100 per month (with 1 year lease).

With $2100 rent, buying sure looks like a great option but I cannot overbid these other more desperate buyers. What's leftover of my sanity does NOT permit to put more than $25,000 over CMA (or fair market value).

Sorry for the rant. I am out of my wit. I have lost 1 whole year of my weekends house hunting and still in a crappy apt paying insane rent.