Auctions I lost - 10 years later

[Snapolit1]

Originally Posted by Aquarian Sports Cards

add 20 years, rinse, repeat.

You never know. I remember when my wife and I bought our first home. Prices were running away with crazy bidding auctions in the town we wanted to live in. Like 27 people bid for the house and we bid $125,000 over the asking price and got it. Of course I was convinced I had made a life altering error in judgment. The day we were moving in a neighbor stood in front of his house clapping like a jackass and thanking us for paying such an extravagent amount for our house and raising his home value. Sort of dick move but I played along.

Fast forward 20 years later, the house is easily worth 2.5x what we paid for it. Maybe more.

Moral of the story is you never know. Today's absurd price might not look so absurd someday. Or I guess it could.

I also remember not buying Amazon at $50 because I was sure I had muissed the boat.