"A Problem of Denial"..How True..
"But housing prices did drop eventually. And when people tried to sell their homes in this newly depressed market, many of them had a hard time admitting that their home wasn't worth what they had thought it was. Their judgment has been naturally clouded by their love for their house, how much money they put into it and how much more it was worth a year ago. And even when they did drop their selling price, it never quite matched the reality of the marketplace. They've been in denial." .... "the housing market was never going to improve, until housing prices found their natural bottom. And that wouldn't happen until the government stopped trying to prop up housing prices."...- The Business Times, Wednesday, September 17, 2008The same difficulty all valuers face in the current market...some people just don't get it that property prices are dropping..insist on asking for unrealistic sky-high values, expecting us to "match"..what the..?!@#!@
Kisses XOXO Wednesday, September 17, 2008
