Sell low and buy high? Just PERFECT.

We found a home we really liked. It was within our price range. We knew we had to be competitive so we offered 30K over asking price, two months of free rent so they can move without rushing and 40% down.

Nice, yes? Competitive, yes?

We were promptly and aggressively outbid by a buyer willing to pay 95K over asking price and 40% down. 

Whoa.

This happened a week ago. And we still haven't found another home we want to bid on.

Worse, I posted our predicament on FB and was promptly told my multiple FB pals that this was a trend and one person saw a home go for 200K over asking price.

Wha - WHAT?!

We're renewing the lease of our apartment for four more months. That is the minimum time they will allow us to lease and we are paying nearly $900 more a month than those with 2 year leases.

What. A. Pickle.