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Why do people think their houses are worth that much?

Homebuyer in the Bay Area, and I'm seeing this trend of sellers pricing reasonably and getting offended when people offer asking (c'mon - no parking + at least $60K in pest work and you're upset at being offered 1.4?), or they're getting offers above asking and people are offended because they're not far enough above asking.

At what point do sellers say 'well, guess our house isn't worth what we think it is'? What's the end-game for these types of people?

ETA: in many cases, these houses are sitting for a month or more without a price change -- and that's a long time in the Bay

submitted by /u/ProgrammaticallyHost
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source https://www.reddit.com/r/RealEstate/comments/pxyf96/why_do_people_think_their_houses_are_worth_that/
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