Although I hate to admit it, I think that Perry’s generalization about women being more emotional about houses is true. But a rational woman (like powayseller and others on the board) is no less rational than a rational man. I also think that women in general are more pragmatic and grounded — they know their priorities. It could be that making a killing by selling her house is simply not a priority. It’s more about making a home, raising kids, etc. A friend related such a story: once a realtor knocked on her door asking whether she’d like to sell her house (that’s back in 05 in CV when housing market was hot!), and her 5 year old overheard and yelled — mom, don’t sell our house! If her kids are emotionally attached to the house, so is she.
So all in all it’s good to have women’s more pragmatic thinking balancing out men’s desire to profit, etc. By this measure, housing, barring a really bad local economic recession, will more likely decline slowly, rather than return to equilibrium pricing quickly.
