It’s Not Your Fault

Ever Wonder Why?

Have you ever wondered why people don’t sell their house when they know the market is in decline and they are opening the door to financial loss. It’s a divergent topic and one that is interesting to consider.

Take comfort that research suggests that it may not be your fault!

TED

If you haven’t visited this site you may just want to start. It’s a great place to see and hear some people who are thinking outside of the box.

About Laurie Santos

From TED’s Bio: – “Laurie Santos runs the Comparative Cognition Laboratory (CapLab) at Yale, where she and collaborators across departments (from psychology to primatology to neurobiology) explore the evolutionary origins of the human mind by studying lemurs, capuchin monkeys and other primates. The twist: Santos looks not only for positive human like traits, like tool-using and altruism, but irrational ones, like biased decision making.”

Don’t Want to Sell?

This is a great talk, well… I thought it was. It is fairly lengthy but if you ever wondered why you do certain things it deserves your time to listen.

What she has to say:

Hard Wired

I suspect that Realtors® are hard wired in a similar fashion which leads me to this.

“I am a Realtor® – want to sell your home? I know stuff that can help you do that!”

HatTip Fish Logo Courtesy of TED

About Larry Yatkowsky

Larry is a recognized real estate expert. A veteran professional, his experienced counsel leads Vancouverites in his west side community to place their trust in a man passionate about his work. Uncompromising ethics bring a balanced approach to realizing your real estate dreams.

When Life Moves You - contact Larry:

*Disclaimer: Statistics Courtesy REBGV. While believed to be accurate they are not guaranteed.
**Numbers provided may vary as they are dynamically posted by the REBGV.

Reader Comments:

Jim Says:
September 6th, 2010 at 7:56 pm

So is the Vancouver real estate market in decline?
If so, should all homeowners sell?

Boombust Says:
September 6th, 2010 at 7:59 pm

Aversion to perceived loss?

September 6th, 2010 at 8:57 pm

@jim
are we moving into your house. Whats the food like and do you provide the beer? 🙂

Jim Says:
September 7th, 2010 at 7:23 am

Exactly. When you have been a homeowner for more than a few years, selling or buying is a multi-month or even multi year consideration. And more about stage of life and life style, with only a passing acknowledgemnet to market gyrations.
Looking at daily or even monthly stats to time the market is nuts. Looking at it over the last 3 years and trying to pick a trend was also nuts.
Unless you are infinitely smarter than say,,, Warren Buffet or Jim Pattison.

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