The Emotional Undercurrent of Buying and Selling
Inside the real estate bubble of yore, buyers could act as impulsively as they wanted, reports The New York Times: if buyers changed their mind, they could always sell at a profit. But in today’s market, “buying a home is more psychologically demanding, fraught with conflict and confusion.” For buyers, especially those without much capital…
Inside the real estate bubble of yore, buyers could act as impulsively as they wanted, reports The New York Times: if buyers changed their mind, they could always sell at a profit. But in today’s market, “buying a home is more psychologically demanding, fraught with conflict and confusion.” For buyers, especially those without much capital to burn, deciding on a home can be extremely stressful, since it involves a long-term commitment. And for sellers, some of them refuse to sell now, even if it’s a good idea for them, because they don’t want to feel regret or shame at having bought at the height of the bubble. Kathleen Gurney, the chief executive of the Financial Psychology Corporation in Miami, told the Times, People will do anything to not regret how they feel,” including extending their losses so as not to feel stupid. The article also explores the differences in the market and people’s perception of the market. Even if this is a good time for some to buy or some to sell, we are pack animals, and when the pack is afraid of dealing in real estate, so is the individual. As Dr. Gurney said, potential buyers and sellers would rather “be a part of a crowd, even a crowd of losers, than stand out.
In the Grip of Indecision [NY Times]
Photo by LunaDiRimmel
Allow me..
“Mortgage interest deduction on a ~$1.5 million mortgage will bring taxes down to about 39% and dude is planning to work out of his house….massive reduction in office space rental.”
Dude doesn’t understand– We are in a DEPRESSION! The only “income’ from someone masking 350 k is Drugs or Prostitution! The “Day Trader” Thang is dead!
“BTW on your other silly comment about $350K and desirability of living in Brooklyn….please see highest weekly sales every friday.”
Hey Pepe you forgot about VOLUME! The biggest sales only tells us there’re bigger Retards out there.
“Rentals and grill pieces are now their ‘forte’.”
And don’t forget about “Cool Daddy Pimp’ putting retards daughters on the track…
The What
Someday this war is gonna end…
“dude is planning to work out of his house….massive reduction in office space rental”
Steady 350K out of home? I believe you. Even if true, it’s no longer a home so your argument is dead. Tell your friend to watch out for IRS/NYS. They’re crackin’ down!
“highest weekly sales every friday”
Where did this peak? Where are we from the peak?
***Bid half off peak comps***
‘Ayo Chuck! Rock that shit homie!’
Rentals and grill pieces are now their ‘forte’.
***Bid half off peak comps***
Hey BHO / The What, the #s are as follows:
Mortgage interest deduction on a ~$1.5 million mortgage will bring taxes down to about 39% and dude is planning to work out of his house….massive reduction in office space rental.
BTW on your other silly comment about $350K and desirability of living in Brooklyn….please see highest weekly sales every friday.
BHO you forgot The Forte, LMMFAO! Right down the street for Mc Donald’s and shop downtown for new kicks and Gold Fronts!
The What (Sporting a Flavor Flav grill piece)
Someday this war is gonna end…
…foreclosure will evict a tenant just as fast as non-payment.
***Bid half off peak comps***
“The fiance is definitely an ass. She’s going to sell her place at a loss…”
But telling her to sell sell sell would somewhat vindicate him. Minimize an inevitable loss.
“landlords are saving money by not renovating”
Red flag. Some don’t have money. You MUST Pshark before you sign the lease! There will be a lot of deals in nondos though. Definitely decent finishes but still questionable operations going forward. Many complaints at the Clermont (or whatever they call it) nondo on Myrtle. I would look for a nondo took over at firesale. Cashflow left over for a profitable, therefore decent, operation.
***Bid half off peak comps***
” NYC….even with a depreciating asset the #s work in his favor…single guy making $350K per year.”
ROTFLMMFAO!!!
How many people on Brownstoner or want to live in Brooklyn (LMMFAO) makes 350k a year?
The What
Someday this war is gonna end..
“even with a depreciating asset the #s work in his favor…single guy making $350K per year.”
How? Can you please show me the math? Please include ALL costs (every single one of them).
***Bid half off peak comps***