[quote=eavesdropper]
But I am curious about one thing that’s been discussed in this thread: Denial. Is it as strong in your neck of the woods as it is here (documented for posterity on “Real Estate Intervention”)? Time and time again, I meet people who readily acknowledge the severity of the real estate crisis, but, somehow, feel that their home is different, and that they’ll have no problem charging, and getting, significantly more money for it. Is denial still as prevalent in SoCal as it is here, or are most sellers finally getting the message (before the “message” comes from their mortgage lender)?[/quote]
Like UCGal pointed out, the denial is thick around here.
That “Real Estate Intervention” show is great, BTW. It’s funny to get a glimpse into the minds of delusional sellers. There was the one couple who thought a fireplace in a comp should lower the value, because people with kids wouldn’t want a fireplace. Seriously, what is wrong with these people?
