tag:blogger.com,1999:blog-7366878066073177705.post1296852119536693949..comments2024-02-09T18:16:45.614+00:00Comments on The Psy-Fi Blog: A Bias For Real-Estatetimarrhttp://www.blogger.com/profile/06254802085744425067noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-7366878066073177705.post-44088852678186214212012-11-05T08:20:00.906+00:002012-11-05T08:20:00.906+00:00What I am totally surprised this that absolute maj...What I am totally surprised this that absolute majority of these papers (such as Luca Agnello and Ludger Schuknecht) published following the busts...some are more in the hurry than others.<br /><br />As far as the properties goes people are being manipulated. How many folks in the Us would be better of by selling their houses, go through a bankruptcy and start from scratch? Yet many papers were appealing to sentimental and some even to moral reasons why we still need to pay mortgage on house...that is not worth it...<br /><br /><br />The other main contributing factor is for a lot of people these are savings and a part time job. Awful a lot of people do not look after their investment on a weekly or even monthly basis. <br />I know quite a number of people when their rental property was empty between 6 months and year - simply because they could not be bothered do anything about it. Albeit the properties were not mortgaged, just bought for cash.<br /><br />I guess one of the answers is that a lot of people who have money have nothing to do with the finances (even personal)...<br /><br /><br /><br /> Financial Independencehttp://www.niterainbow.comnoreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-55677587367329481522012-10-29T06:10:56.427+00:002012-10-29T06:10:56.427+00:00Thank you very much for writing this blog. It was ...Thank you very much for writing this blog. It was very easy to understand. That was a very good blog.real estatehttp://www.proptiger.comnoreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-56347379671592738092012-10-19T11:55:25.714+01:002012-10-19T11:55:25.714+01:00One of the most interesting articles I have read o...One of the most interesting articles I have read on your site so far. The strange behavior of people on the housing market really puzzles me. <br /><br />There is a strong incentive to borrow money and invest in your living in order to prevent paying a rent to someone. Owning is considered a gain while renting is considered a loss. I donĀ“t get it. Owning means that all of your financial assets are in one basket. If you rather split your money and invest in different baskets, there is a big probability you will make some profit. <br /><br />Housing market is probably the worst investment right now, especially in Canada. It is interesting to observe how Vancouver starts to cool down, while Toronto still experiences growth of the average price (<a href="http://yourvancouverrealestate.ca/real-estate-news/2012/10/market-report-september/" rel="nofollow">September: Housing Market Trends in Vancouver</a>). All the speculation and debt still did not discourage Canadians from investing in RE in Toronto. The overall experience is that everyone knows that it is a bad deal, yet the circumstances, or the herd behavior, make them buy.John B.noreply@blogger.com