{"id":5396,"date":"2009-05-04T10:04:57","date_gmt":"2009-05-04T17:04:57","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=5396"},"modified":"2009-05-04T10:04:57","modified_gmt":"2009-05-04T17:04:57","slug":"walking-away-at-olive8","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2009\/05\/04\/walking-away-at-olive8\/","title":{"rendered":"Walking Away at Olive8"},"content":{"rendered":"<p>We made a passing mention of Olive8 pre-sale buyers walking away from their deposits in the <a href=\"http:\/\/seattlebubble.com\/blog\/2009\/03\/20\/action-call-to-seattle-bubble-readers-condo-sales-status-project\/\" title=\"Action Call to Seattle Bubble Readers: Condo Sales Status Project\">condo sales status project post<\/a> (which is still being compiled, by the way), and a week or so ago the Seattle Times posted <a href=\"http:\/\/seattletimes.nwsource.com\/html\/localnews\/2009113376_condoclosings24.html\" title=\"At pricey high-rise Seattle condos, some buyers back out\">a story about buyers at Olive8 and elsewhere walking away<\/a>.<\/p>\n<p>On Saturday local entrepreneur Andy Liu posted his personal story of walking away from Olive8: <a href=\"http:\/\/www.inspiredstartup.com\/my-23750-mistake-at-olive-8\/\" title=\"My $23,750 Mistake at Olive 8\">My $23,750 Mistake at Olive 8<\/a><\/p>\n<blockquote><p>A couple years back in 2006, I made the decision to put down a deposit pre-sale for one of the new condo projects in Seattle. In retrospect, it turned out to be a big mistake. Although I haven\u2019t yet walked away from the deal yet since the closing date is still a few weeks away, it is almost certain that I will walk and lose my earnest money in the deal which totals $23,750. Although I\u2019ve read about folks who are trying to get some of their earnest money back, in my mind, a deal is a deal, and I lost so I won\u2019t be pursuing any of the earnest money. It\u2019s a bummer, but I\u2019m here to share my lessons learned.<br \/>\n&#8230;<br \/>\nPart of me just wants to go ahead with the purchase because I had already committed $23,750 to it, but it makes no logical sense. I\u2019m only amplifying the mistake and hoping to hit a homerun to recover that mistake. Instead of amplifying the mistake, I need to let it go. Once you\u2019ve realized you made a mistake, learn from it and move on, there are plenty of opportunities tomorrow.<\/p><\/blockquote>\n<p>This is a great writeup by Andy.  I really appreciate him sharing his story.  If you&#8217;re interested in getting a look at what&#8217;s going on inside the head of people that are making the tough decisions in the market right now, you should definitely read the whole thing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We made a passing mention of Olive8 pre-sale buyers walking away from their deposits in the condo sales status project post (which is still being compiled, by the way), and a week or so ago the Seattle Times posted a story about buyers at Olive8 and elsewhere walking away. On Saturday local entrepreneur Andy Liu&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[198],"tags":[4,68,526],"coauthors":[],"class_list":["post-5396","post","type-post","status-publish","format-standard","hentry","category-news","tag-condos","tag-downtown","tag-olive8"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Walking Away at Olive8 \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2009\/05\/04\/walking-away-at-olive8\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Walking Away at Olive8 \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"We made a passing mention of Olive8 pre-sale buyers walking away from their deposits in the condo sales status project post (which is still being compiled, by the way), and a week or so ago the Seattle Times posted a story about buyers at Olive8 and elsewhere walking away. 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His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. 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