It does end. We finally after about 6 or 7 failed offers end up in a nice home. 

Keep in mind though we did have to essentially pay more than the appraised value of the house to get our offer accepted, which does eat into our equity a little bit. 

The market is just weird right now. We could see another 2008-2009 style crash, or the money printers could just inflate prices higher and higher as soon as interest rates drop. Who fucken knows. 

We bought a house that we could conceivably live in for 10 years to weather a bad market, rather than a smaller, cheaper house that we might outgrow immediately if we pop out another kid.