Home › Forums › Housing › 11863 WILMINGTON RD, SD – Rancho Bernardo, CA 92128 › I agree with SD Realtor.
I agree with SD Realtor.
In reality, most people do not think in a logical/rational way. After all, if they do, we wouldn’t have a bubble in the first place.
They are emotional about profits & losses. It is always the psychology that drive prices up & down.
In 2002 – 2005, it’s: prices always go up, never down. In 2006 – 2007, it’s: prices may go down, but not much …
The psychology is “turning”. Like a giant oil tanker, it takes a long time to change direction. Real estate is the ultimate momentum market.
I suspect that, In 2009 – 2010, it’s: the days of home prices appreciaton are over. Homes are just shelters not investments.
