Nobody ever said real estate was a rational market

From the WSJ:

The Psychology of Buying and Selling a House

It’s a fact of life: Homes come with far more emotional weight than any other investment we make.

A home is a refuge from the world, a place to raise a family and, for some people, an investment they hope will bring them a good chunk of money down the road. We fall in love with houses in a way that we never fall in love with a portfolio of stocks and bonds.

All too often, though, we don’t realize that how we feel about homes blinds us when it comes time to buy or sell. We let our emotions blind us to cold facts about the market or the realities of ownership. Or we prioritize one set of emotional needs over others that are just are strong but may not be evident at first. And ignoring them can lead us to make bad financial decisions that can affect us for decades to come.

For instance, people might focus on their desire for a house that’s a certain size or style, but ignore the fact that they want to spend as much time as possible with family. So they might buy a “perfect” house that requires them to make a long daily commute to work and keeps them away from home for two extra hours each day.

The home-selling side of the equation brings its own set of thorny issues. Homeowners often have an overly rosy view of their home and expect it to increase in value far beyond reasonable expectations. And when they put it on the market, they often stubbornly cling to their asking price—even if it means leaving it up for sale far longer than they planned, and risking the possibility of not selling it at all.

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50 Responses to Nobody ever said real estate was a rational market

  1. GOP's broken (the good one) says:


    In retrospect Sandy Hook marked the end of the US gun control debate.

    Once America decided killing children was bearable, it was over.

  2. nwnj3 says:

    Like it or not, there is another big boost coming to Trump from this tragedy. The man is prescient to a level that’s almost eerie.

  3. D-FENS says:

    Progressives on left now must choose between Muslims or the LGBT community….so…Gun Control.

  4. GOP's broken (the good one) says:


    Orlando is at least the 998th mass shooting in the 1,276 days since Sandy Hook
    — up to five per week

  5. D-FENS says:

    High School Classmate of Omar Mateen: He Cheered 9-11 Attacks

  6. D-FENS says:

    NY Daily news….with the most unhinged cover ever this morning. Every other news outlet in the world calling it a terrorist act. They somehow contort the issue and blame the NRA.

  7. nwnj3 says:


    Undecideds will opt for the strong man rather than nuanced progressive garbage. It’s far easier to understand and to connect the dots.

  8. GOP's broken (the good one) says:

    1999, Littleton, Colo. 13 killed.
    The shooting at Columbine High School is the deadliest high school shooting to date.

    1999, Atlanta. 12 killed.
    Mark Barton kills nine people at brokerage firms after having killed three relatives.

    2005, Red Lake, Minn. 9 killed.
    Jeffrey Weise kills members of his family and then students at a local high school.

    2007, Blacksburg, Va. 32 killed.
    Until Sunday, the 32 people killed by Seung Hui Cho at Virginia Tech was the deadliest mass shooting in U.S. history.

    2009, Fort Hood, Tex. 13 killed.
    Nidal Hasan kills 13 people at the Army base.

    2009, Binghamton, N.Y. 13 killed. Jiverly Wong murders 13 people at a small immigrant services center.

    2009, Geneva County, Ala. 10 killed.
    Michael McClendon kills 10 people, including a baby, in rural Alabama.

    2012, Newtown, Conn. 27 killed.
    Adam Lanza’s spree at Sandy Hook Elementary included the murder of 20 children.

    2012, Aurora, Colo. 12 killed.
    James Holmes opens fire during a late-night movie screening.

    2013, Washington. 12 killed.
    Aaron Alexis kills a dozen people with a shotgun.

    2015, San Bernardino, Calif. 14 killed.
    Syed Farook and his wife, Tashfeen Malik, kill more than a dozen people during a holiday party.

    2015, Roseburg, Ore. 9 killed.
    Chris Mercer kills nine in a shooting at a community college in Oregon.

    2016, Orlando. 50 killed.
    The attack at the gay nightclub Pulse in Orlando is the deadliest in U.S. history.

  9. D-FENS says:

    Gunman’s father says ‘gays should be punished by God,’ not those on earth
    The father of Florida gunman Omar Mateen has issued a video statement where he says it was wrong of his son to take it upon himself to “punish” the gay community.

    “God himself will punish those involved in homosexuality,” Seddique Mateen said in the statement, which was posted on Facebook and uncovered by the Washington Post.

  10. grim says:

    This terrorist act was motivated by hate.

    Hate for America and the freedom we represent.

    This has nothing to do with gun control. If he didn’t have a gun, he would make a bomb, if he couldn’t make a bomb, he would drive a truck through a crowded area, start a fire, poison people, etc.

    A killer motivated by hate and justified by radical religious ideology will find a way to kill.

  11. grim says:

    Isn’t the terrorist’s father running for president of Afghanistan?

    Clearly his statements are politically motivated and largely irrelevant.

    Please, enough of this “he was a good kid” nonsense.

    Round up the father, whose Taliban-supporting anti-US rhetoric was clearly taken to heart by his son.

  12. Comrade Nom Deplume, Newspeak Editor says:

    [8] Twidiot

    People like you are the reason people like me own guns.

    Chew on that.

  13. D-FENS says:

    Creator of ‘The Gateway Pundit’ comes out as Conservative Gay activist in wake of Orlando Terrorist attack

  14. D-FENS says:

    Milo Yiannopoulos ✘ @Nero
    As a gay person, the scariest words you will ever hear are “Allahu akbar.”

  15. nwnj3 says:

    That noise you hear?

    The pillars of Hillary’s campaign shuddering.

  16. D-FENS says:

    Would like to see Gays in NJ apply for CCW permits. They would obviously be outright denied by a judge given this state’s hatred for the 2A. However, how can you argue with a straight face that they don’t have “Justifiable Need” as required by the law? They receive death threats with regularity…

  17. grim says:

    Cue to interviews outside gay clubs in Saudi Arabia.

    Oh, wait, being gay in Saudi Arabia is a crime punishable by death.

    And this is a gun control issue?

  18. Alex says:

    Anon, you little snivelling twidiot. If this terrost act wasn’t accomplished using guns they would’ve used bombs.

  19. Grim says:


  20. D-FENS says:

    Bacha Bazi

    I’m thinking the shooter was a very confused…and self loathing individual.

  21. No One says:

    His AK15 talked him into killing those people, while his Koran was trying to talk him out of it.
    Multiculturalist elites have taught Americans that there’s no difference between civilization and barbarism. But most people with common sense still can tell the difference – they’re just embarrassed to say so.

  22. Tywin says:

    Obama should give a speech in Mecca alongside our Saudi allies to illustrate our common objectives of peace and tolerance.

    Except that he’s not allowed in Mecca…

  23. Libturd questioning the gender of Hillary's Cankle fluid. says:

    I thought Obama was a Muslim?

  24. Comrade Nom Deplume. Citizen, 2nd Class. says:

    [16] DFENS

    Now there’s a thought.

  25. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Moose…are you temporarily supporting Baristanet due to their support of the D? I find the site extremely entertaining as each progressive tries to one-up the next. Wind power is better. Solar power is better. Geothermal power is better. It’s truly laughable.

  26. This guy killed two people up here, injured 5 others (including a pregnant waitress) before being shot dead by an off-duty sheriff’s deputy. I don’t know if it made national news.

    Then there was this guy a few months back. Murdered two people in their sleep and then turned his weapon on himself, committing suicide.

    I haven’t heard much from the “We need better knife control laws” crowd.

  27. Nuke Mecca says:

    Before it’s too late.

  28. D-FENS says:


    Don’t give them any ideas. Possession of many common pocketknives in NYC will get you locked up.

  29. D-FENS says:

    Owen Jones walks out of Sky News interview after hosts ‘downplay’ homophobia of Orlando club shooting

  30. D-FENS says:

    “Let’s be clear: Islam is not our adversary. Muslims are peaceful and tolerant people and have nothing whatsoever to do with terrorism.”

  31. Nuke Mecca says:


    Wait until Trump is elected. He’ll opt out of everything he doesn’t like. Such as revealing his taxes, or admitting his mistakes.

  32. D-FENS says:


    Phoenix LGBT
    We wanted you to be the first to know, after this horrific attack, we’re officially endorsing Trump. Enough is enough.

  33. D-FENS says:

    32 – Nevermind…fake account created by a Hillary supporting asshat.

  34. Captain Nom Deplume, Besotted Rummy says:

    The narrative from the left, which has suddenly collapsed, was that this was anti-LGTB and easy access to guns, not radical islam.

    It’s becoming increasingly easy to see why that narrative has suddenly been dropped:

    “The gunman behind the Orlando nightclub shootings, the deadliest mass shooting in American history, recently scouted Walt Disney World as a potential target, a federal law enforcement source tells PEOPLE.

    Omar Mateen and his wife, Noor Zahi Salman, visited Walt Disney World in April, the source says. Salman told federal authorities on Sunday that her husband had more recently been “scouting Downtown Disney and Pulse [nightclub] for attacks.” . . .

    Over the previous month, Mateen used one of several Facebook accounts he operated to search the FBI and local police departments. He also looked up the San Bernadino shooters and a local gun range. On Sunday before the massacre, he posted about his allegiance to ISIS leader Abu Bakr al-Baghdadi, writing: “May Allah accept me.” . . .

    “The 911 operator, using reverse-call technology, called back the gunman and it was then that he pledged allegiance to [ISIS leader] Abu Bakr al-Baghdadi,” the federal official tells PEOPLE. The gunman “also mentioned the Tsarnaev brothers,” who orchestrated the Boston Marathon bombings of 2013, the official says. ”


    So, yeah, there was clearly homophobia (and racism, and anti-Americanism), but the idea that he wasn’t radicalized or that his radicalization was immaterial is belied by the facts. And more come out all the time.

  35. Captain Nom Deplume, Besotted Rummy says:

    [33] DFENS

    “Hillary supporting asshat.”

    Redundant Alert

  36. Essex says:

    I’m amazed at how each horrific event seems to fall into Trump’s narrative.

  37. nwnj3 says:

    Wow, Trump is absolutely destroying her. I think he’ll take the lead this week for good…

  38. Essex says:

    and then there is this….”We first became aware of him in 2013, while he was working as a security guard at a local courthouse,” Comey told reporters Monday. “He made inflammatory and contradictory statements about terrorism that raised concern with his coworkers, and claimed family connections to al-Qaida.”

    He continued: “He then said he was a member of Hezbollah, which is a Shiite terrorist organization that is ideologically opposed to al-Qaida, a Sunni terrorist organization.”

  39. nwnj3 says:


    That’s what I said earlier, his prescience is truly amazing. He has gift rarely seen in politicians.

  40. Libturd questioning the gender of Hillary's Cankle fluid. says:

    Did you hear the one about the radicalized rabbi?

    He wanted to put a little Allah in his Challah.

    I’ll be here all day folks.

  41. D-FENS says:

    I’m voting for Trump. I went to see him speak – protesters broke my nose | Opinion

    Before we could make it into the garage, four or five men surrounded me, and another four surrounded my friend. They just started swinging. We swung back as best as we could. My main thing was I didn’t want to fall; I didn’t want to be knocked down. I’m not a big guy, but I can defend myself as best I can if it’s one on one — but not when they have so much anger against us.

    One of the blows caught my nose and blood started pouring out. That kind of stunned them, and they backed off a quick second. My adrenaline kicked in; I felt punches on my head and I felt the punch that hit my nose, but I was in survival mode by then, and I didn’t realize until later how much it hurt. I called to my friend, “OK, let’s go!”

    We ran into the parking garage and thought we were safe, but there were a few dozen protesters there too. We got in our car and headed toward the exit. Protesters jumped on the cars in front of us, but we eventually made it out. My friend drove me to the emergency room because my nose was pouring blood. I had a broken nose, and because I was covered with scratches, I had to get a tetanus shot, too. It took a lot out of me, much more than I realized at first; my headaches and soreness didn’t start to go away until a week later.

    The whole thing made me angry. Here in Northern California, I feel like a unicorn: I’m a gay Hispanic Republican. It was much harder to come out as a Trump supporter than it was to come out as gay — the minute you say you’re for Trump, everyone comes at you — but this has pushed me out of the closet about it completely.

  42. Juice Box says:

    re# 41 – The Bernie supporter in my family says there are going to be massive protests this summer at the Dem convention in Philly this summer. I’ll pull up a lawn chair and some popcorn for that. Back in 68 the Governor of Illinois sent in 800 National Guard to beat the hippies.

  43. Keep in mind this is Florida, a trough state where addicts and criminals move to relax and live in plain sight while being a significant part of the labor pool. From an employer’s point of view, a worker that shows up often and sober is a keeper.

    and then there is this….”We first became aware of him in 2013, while he was working as a security guard at a local courthouse,” Comey told reporters Monday. “He made inflammatory and contradictory statements about terrorism that raised concern with his coworkers, and claimed family connections to al-Qaida.”

    He continued: “He then said he was a member of Hezbollah, which is a Shiite terrorist organization that is ideologically opposed to al-Qaida, a Sunni terrorist organization.”

  44. The Ghost Of Pumpkin says:

    Jim you run but you can’t hide

  45. Juice Box says:

    Pumps you going to Philly this summer? I’ll send some Ice packs…

  46. shopping car says:

    This site is amazing. I will recommend it to my friends and anybody that could be interested in this subject. Great work guys!

  47. A Home Buyer says:

    Life is stranger then fiction. Article suggests the shooter partied at Pulse before, including dancing with other men. He was there enough to be recognized and remembered going back around three years and other gay men are coming forward saying he propositioned them on dating sites.

    Also interesting was a different article with the police being asked if they accidentally hit the hostages in the siege. That is still under investigation.

  48. D-FENS says:

    48 – I really think the guy was a self loathing closet gay.

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