Comments on: It’s The Psychology, Stupid… http://www.therealestatebloggers.com/2007/09/28/its-the-psychology-stupid/ Real Estate Blog, Mortgage, and Development News Fri, 20 Nov 2009 23:48:48 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Location, Location, Psychology? » Pasadena California Real Estate Blog http://www.therealestatebloggers.com/2007/09/28/its-the-psychology-stupid/comment-page-1/#comment-180586 Location, Location, Psychology? » Pasadena California Real Estate Blog Sat, 08 Mar 2008 04:06:36 +0000 http://www.therealestatebloggers.com/2007/09/28/its-the-psychology-stupid/#comment-180586 [...] make an offer, lets just take our time and see what happens. Before making an offer to purchase, a home buyer has many factors to consider. A slower market will tend to make buyers more [...] [...] make an offer, lets just take our time and see what happens. Before making an offer to purchase, a home buyer has many factors to consider. A slower market will tend to make buyers more [...]

]]> By: Tom http://www.therealestatebloggers.com/2007/09/28/its-the-psychology-stupid/comment-page-1/#comment-77914 Tom Sat, 29 Sep 2007 00:42:15 +0000 http://www.therealestatebloggers.com/2007/09/28/its-the-psychology-stupid/#comment-77914 Athol I do not disagree with your point, and places where I have seen huge run ups the markets need to come back and get rid of the speculation bloat they acquired. But there are markets that are dead right now that have not had the rampant appreciation. I was talking to someone last night that is running a very high end residential community. They should be immune to economic pressures as this is the kind of place where people pay cash and their sales office is dead for new and resales. The group psychology of the market is wait. Their is no penalty for waiting and people are taking their time. Again, you have a valid point for some parts of the country but this malaise is nationwide right now and pure economics can not account for all of it. Tom Athol

I do not disagree with your point, and places where I have seen huge run ups the markets need to come back and get rid of the speculation bloat they acquired.

But there are markets that are dead right now that have not had the rampant appreciation.

I was talking to someone last night that is running a very high end residential community. They should be immune to economic pressures as this is the kind of place where people pay cash and their sales office is dead for new and resales.

The group psychology of the market is wait. Their is no penalty for waiting and people are taking their time.

Again, you have a valid point for some parts of the country but this malaise is nationwide right now and pure economics can not account for all of it.

Tom

]]> By: Sock Puppet http://www.therealestatebloggers.com/2007/09/28/its-the-psychology-stupid/comment-page-1/#comment-77886 Sock Puppet Fri, 28 Sep 2007 23:16:55 +0000 http://www.therealestatebloggers.com/2007/09/28/its-the-psychology-stupid/#comment-77886 Sorry. Forgot to flag my comment as me. -Athol Sorry. Forgot to flag my comment as me.

-Athol

]]> By: Sock Puppet http://www.therealestatebloggers.com/2007/09/28/its-the-psychology-stupid/comment-page-1/#comment-77885 Sock Puppet Fri, 28 Sep 2007 23:16:27 +0000 http://www.therealestatebloggers.com/2007/09/28/its-the-psychology-stupid/#comment-77885 I'm not sure it's just pychology Tom. As I understand it average home prices have tracked along at three times the average family income since about 1960. Now we're up to 4 to 4.5 times the average family income. It just can't be supported too much longer. I’m not sure it’s just pychology Tom. As I understand it average home prices have tracked along at three times the average family income since about 1960. Now we’re up to 4 to 4.5 times the average family income. It just can’t be supported too much longer.

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