Homeowners overprice their property in order to afford a new and improved house, until friend decides to put them in their place: ‘You can't have everything you want’

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    A couple (models) standing near a House for Sale sign in front of their home.
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    My friends are being greedy without knowing it while trying to sell their house and its making me irrationally angry

    I have these friends, Sarah and Todd, they live in a subdivision in our city and bought just under 3 years ago. They recently looked at a home in a better area on a much larger block and put in an offer
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    (which was accepted) for 1.3m, they've had an inspection and reckon they'd need to do 200k worth of renovations so they need to sell their house at a high price. At
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    first I was happy for them, the area is one of the nicest in our city, even if the house is tired and close to a main road.
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    Thing is, they're basically unwilling to sacrifice anything. They have no mortgage and cant get one because Sarah hasnt worked in 5 years and doesnt plan to until their youngest child (nearly 3) is in school. So
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    whilst they have some money in the bank and a fully paid off property, they still cant get over the line for 1.5m unless they sell for an exorbitant amount. So they've gotten an agent that says its possible and they're trying just that.
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    Their house is fine and tidy but nothing special and they're asking for offers around 1.3m (average for the area is 990k with some pretty major outliers in the upper range). Completely unrealistic.
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    A couple viewing a house for sale with a real estate agent, represented by models.
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    To give an example, a house that is a similar footprint on a similar sized block of land just sold last month in that area for 1.1m. The house is newer, has ducted air-conditioning,
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    a shed, a pool and solar panels. Sarah and Todds place has none of those things. Not only is their naivety p. ng me off a bit but they're saying they're "really down" about the fact that
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    they've had no offers and the deal might fall through on the new place... like... in this economy... people are struggling and you're sitting there being sad that you cant have everything you want without some level of compromise?? Sad
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    that you couldnt rip someone off?! They bought the place for 570k 3 years ago ffs! Youre already set to near-double your money, what more can you want?! They go on 2 overseas holidays a year on one
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    income because of well off family and even whinge about that half the time! Oh the kids are upset they might not move to the new house? Theyre both under 5 years old! Why are they involved at all?!
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    On that note; Todds family have even offered to loan them several hundred thousand dollars that they wouldnt have to pay back until Sarah starts working again but they dont want to take that. Am I meant to feel bad for them?
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    This is vented to me... who came off my maternity leave as soon as it ran out for both of my children, has a mortgage, never goes on holidays... and I still consider my position to be very lucky! I just cant feign the devastation that they probably want from me.
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    FrankParkerNSA OP, say after me. "God, grant me the serenity to accept the things I cannot change; courage to change the things I can, and wisdom to know the difference."
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    This is really one of those things in life we are meant to make a bowl of popcorn, sit back, and watch someone trainwreck their life, finances, (and probably marriage)
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    NotARealBlackBelt It's indeed weird that they consider the new house an upgrade, but at the same time expect the old house to be worth the same as the new one + renovations.
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    Why wouldn't other buyers prefer that new house over the old if the price tag is the same? Is it greedy? Yes. Does it make sense? No. Is it your business? Also no. If someone buys the old at full price, that's on them for not doing market research.
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    stellaxo It sounds like you are jealous
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    jer72981m Stop letting yourself get affected by other people's life decisions especially if you're not involved. If you don't like them as people then don't be friends but why waste a single thought on this?
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    EmpireStateOfBeing I completely understand. It's really hard to feel bad for people whose only problems are those they are making for themselves.

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