- This topic has 48 replies, 18 voices, and was last updated 16 years, 8 months ago by rocket science.
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September 10, 2006 at 8:00 PM #7463September 11, 2006 at 6:26 AM #34938LookoutBelowParticipant
We are glad you've sold your property at the top ! It was a ballsy move waiting this long !
Could you not type in CAPS ? I almost got whiplash when I opened it !
Cheers !!!!!!!!!!!!!!!!!!!!!!!
September 11, 2006 at 6:33 AM #34941The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Yea I got out in December 2004, Wife still nag’s me that we maybe could have got another 50 to 100 K if we waited another 6-8 months, I can’t believe it We did better than 80% of most people and I am to blame that we only held our second house three years (when I had to ask myself daily Why am I still holding it I should sell before it drops, it already paid for the new house and then some),
I guess I am a dumb ass jerk as always.
September 11, 2006 at 6:38 AM #34943powaysellerParticipantNorthLATemeculaSanDiegoGuy, I am a jerk too. Hubby says we should have held out for more…
September 11, 2006 at 6:50 AM #34945The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Sorry for venting, I love my wife dearly but sometimes she wants perfection or something I can’t really define or I guess it’s just a way for her to vent about something she can’t define.
Anyway I think once the market drops 30 – 50% (Somewhere near begining 2003 prices) she will be happier with me.
Again sorry.
September 11, 2006 at 10:16 AM #34953waiting hawkParticipantNah it was safe play.
September 11, 2006 at 10:23 AM #34956powaysellerParticipantTemecula guy, your post was great – don’t apologize!
September 11, 2006 at 12:22 PM #34965AnonymousGuestAnother significant factor to this bubble is the fact that women get overly emotional into the whole “I have to own a house” mentality. Men in general (and especially the analytical people on this board) are more able to detach the emotional from the practical and less likely to be bamboozled by sales types.
The female housing emotion mentality is going to cost a lot of men a lot of money. I’m glad to see at least a few of you men out there had the balls to put your foot down and do the right thing that will help you both in the long run.
September 11, 2006 at 12:28 PM #34967PerryChaseParticipantYes, I always hear of women nagging their husbands into buying a house. If it weren’t for women the real estate market would be in a real slump. Could Realtors here address this?
I think one reason women want a house is so that the husbands have to stay at home and work on projects. It prevents the men from hanging-out with friends where there’s more opportunity to meet other attractive women.
My sister-in-law gets pissed-off when my brother hangs out with me and my other brother too much. She’ll call and say the child’s not feeling well, the air-conditioner is running right or the fridge doesn’t seem quite cold enough, etc… I can’t wait until cell phone companies have easy to use tracking services!
September 11, 2006 at 12:54 PM #34972VCJIMParticipantSelling my house was extremely emotional for me; I almost backed out at the last minute, even with a very nice profit. It was a crappy house, horrible yard, etc. Nevertheless, it was tough.
September 11, 2006 at 1:15 PM #34976The-ShovelerParticipantNor_LA-Temcu-SD-Guy
Thanks Guy’s
It’s seems I am not unique, or alone.
September 11, 2006 at 1:36 PM #34980ChrispyParticipantI don’t know about all this “women keeping the RE market alive” stuff. I have quite a few friends who sold with the full buy-in of their wives. They would rather have peace of mind and rent than own a house.
I sold my house in 2004 and was never as happy as the day I slammed the front door for the last time. It was on a 10,000 sq foot lot and a huge pain to upkeep with multiple yards. You never know how much work it takes to maintain a home until you compare it to renting.
September 11, 2006 at 1:49 PM #34981powaysellerParticipantWomen and men use emotion when reason should be used. Two posters, men, wrote on the forum, “It is my gut feeling that house prices will drop x%”. What in the heck do feelings have to do with economics? Is God talking to you? Geez!
My husband wants to own more than I do. I could rent for 10 more years, I just love it! He misses the house projects. After sitting at his desk all day, he looks forward to using his creativity, as well as his hands and body to move materials like concrete, lumber, dirt, etc. and build stuff. he loved chopping down the trees, trimming bushes, mowing the lawn, fixing the roof, building patio covers.
We women have that nesting instinct, but we can make a nest at a campsite. So I wouldn’t blame the nesting instinct for wanting to buy a house, just like a man’s need to provide shelter wouldn’t make him more likely to want to own a house either.
I think anyone’s desire to own a house now is more related to their lack of interest in finances. Could it be that people interested in finances, building wealth, economics, are more likely to sell their house now and rent.
September 11, 2006 at 4:45 PM #35008PerryChaseParticipantGut feelings have everything to do with economics. Psychology is an integral part of economics.
I believe the point being made is that women tend to want to “own” a home regardless of prices being low or high. Men, on the other hand, are more swayed by making a “killing.” Men are more willing to move in an out of the market if they beleive they can make or save money. Their emotional attachment to a house is lower.
I know that gender roles is a controversial subject but what women want is well known in the real estate industry. Smart marketers use psychology to sell their products and services.
Of course, not all men or women are the same but there are certain generalities that do hold true.
I’m all for treating a primary residence like consumption — it’s a place to live. Only 2nd residences and rentals should be viewed as investments on which one would want to maximize returns.
September 13, 2006 at 12:24 PM #35169powaysellerParticipantPerry, I should clarify. I have trouble with an analysis based on gut feeling, i.e. “I have a gut feeling real estate will go down 10% and then start going up next spring”. Yes, psychology is a driver of behavior and asset prices, but unless you have an “in” with the heavenly spirits, you can’t know the future based on your gut feelings.
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