UT: County housing market strengthening

[briansd1]

AN, I was talking about psychology and the gut feelings that people feel sometimes.

Think of my use of the word usury as more poetic than prosaic.

[DWCAP]

I would just like to point out that CAR’s rant was about listing prices, while everything AN and sdr are talking about are selling prices. As if these are the same things. (there is a nice little red and blue graph from rich here detailing CAR’s frustrations) Are either of you saying that there are no listings that are horrendously over market and just sitting? Is that something a buyer in an inventory constrained market shouldnt be frustrated by?

To put it another way,

“seller will entertain offers between ‘peak bubble pricing’ and ‘absoulute delusion'” is not a good way to sell houses. And why is it that offering (what the buyer considers) to be market prices is so insulting? Dont like the offer, dont take it.

or

[quote] 3. These are asking prices and not sold prices. I can ask $1M for my pencil and be delusional. [/quote]

Yes, exactly her point.

[DWCAP]

I would just like to point out that CAR’s rant was about listing prices, while everything AN and sdr are talking about are selling prices. As if these are the same things. (there is a nice little red and blue graph from rich here detailing CAR’s frustrations) Are either of you saying that there are no listings that are horrendously over market and just sitting? Is that something a buyer in an inventory constrained market shouldnt be frustrated by?

To put it another way,

“seller will entertain offers between ‘peak bubble pricing’ and ‘absoulute delusion'” is not a good way to sell houses. And why is it that offering (what the buyer considers) to be market prices is so insulting? Dont like the offer, dont take it.

or

[quote] 3. These are asking prices and not sold prices. I can ask $1M for my pencil and be delusional. [/quote]

Yes, exactly her point.

[DWCAP]

I would just like to point out that CAR’s rant was about listing prices, while everything AN and sdr are talking about are selling prices. As if these are the same things. (there is a nice little red and blue graph from rich here detailing CAR’s frustrations) Are either of you saying that there are no listings that are horrendously over market and just sitting? Is that something a buyer in an inventory constrained market shouldnt be frustrated by?

To put it another way,

“seller will entertain offers between ‘peak bubble pricing’ and ‘absoulute delusion'” is not a good way to sell houses. And why is it that offering (what the buyer considers) to be market prices is so insulting? Dont like the offer, dont take it.

or

[quote] 3. These are asking prices and not sold prices. I can ask $1M for my pencil and be delusional. [/quote]

Yes, exactly her point.

[DWCAP]

I would just like to point out that CAR’s rant was about listing prices, while everything AN and sdr are talking about are selling prices. As if these are the same things. (there is a nice little red and blue graph from rich here detailing CAR’s frustrations) Are either of you saying that there are no listings that are horrendously over market and just sitting? Is that something a buyer in an inventory constrained market shouldnt be frustrated by?

To put it another way,

“seller will entertain offers between ‘peak bubble pricing’ and ‘absoulute delusion'” is not a good way to sell houses. And why is it that offering (what the buyer considers) to be market prices is so insulting? Dont like the offer, dont take it.

or

[quote] 3. These are asking prices and not sold prices. I can ask $1M for my pencil and be delusional. [/quote]

Yes, exactly her point.

[DWCAP]

I would just like to point out that CAR’s rant was about listing prices, while everything AN and sdr are talking about are selling prices. As if these are the same things. (there is a nice little red and blue graph from rich here detailing CAR’s frustrations) Are either of you saying that there are no listings that are horrendously over market and just sitting? Is that something a buyer in an inventory constrained market shouldnt be frustrated by?

To put it another way,

“seller will entertain offers between ‘peak bubble pricing’ and ‘absoulute delusion'” is not a good way to sell houses. And why is it that offering (what the buyer considers) to be market prices is so insulting? Dont like the offer, dont take it.

or

[quote] 3. These are asking prices and not sold prices. I can ask $1M for my pencil and be delusional. [/quote]

Yes, exactly her point.

[8bitnintendo]

Inequity aversion is a pretty classic part of game theory and experimental economics. Some of the earliest experiments included the ultimatum game, where one of two parties gets to decide how a sum of money is split, but the other has veto rights (in a veto, neither gets any money.) A purely rational person would always accept a non-zero deal, since they would get a little money rather than no money. But most people (myself included) are likely to reject a deal that’s “too unfair” to punish the other player.

http://en.wikipedia.org/wiki/Ultimatum_game

[8bitnintendo]

Inequity aversion is a pretty classic part of game theory and experimental economics. Some of the earliest experiments included the ultimatum game, where one of two parties gets to decide how a sum of money is split, but the other has veto rights (in a veto, neither gets any money.) A purely rational person would always accept a non-zero deal, since they would get a little money rather than no money. But most people (myself included) are likely to reject a deal that’s “too unfair” to punish the other player.

http://en.wikipedia.org/wiki/Ultimatum_game

[8bitnintendo]

Inequity aversion is a pretty classic part of game theory and experimental economics. Some of the earliest experiments included the ultimatum game, where one of two parties gets to decide how a sum of money is split, but the other has veto rights (in a veto, neither gets any money.) A purely rational person would always accept a non-zero deal, since they would get a little money rather than no money. But most people (myself included) are likely to reject a deal that’s “too unfair” to punish the other player.

http://en.wikipedia.org/wiki/Ultimatum_game

[8bitnintendo]

Inequity aversion is a pretty classic part of game theory and experimental economics. Some of the earliest experiments included the ultimatum game, where one of two parties gets to decide how a sum of money is split, but the other has veto rights (in a veto, neither gets any money.) A purely rational person would always accept a non-zero deal, since they would get a little money rather than no money. But most people (myself included) are likely to reject a deal that’s “too unfair” to punish the other player.

http://en.wikipedia.org/wiki/Ultimatum_game

[8bitnintendo]

Inequity aversion is a pretty classic part of game theory and experimental economics. Some of the earliest experiments included the ultimatum game, where one of two parties gets to decide how a sum of money is split, but the other has veto rights (in a veto, neither gets any money.) A purely rational person would always accept a non-zero deal, since they would get a little money rather than no money. But most people (myself included) are likely to reject a deal that’s “too unfair” to punish the other player.

http://en.wikipedia.org/wiki/Ultimatum_game

[an]

[quote=DWCAP]I would just like to point out that CAR’s rant was about listing prices, while everything AN and sdr are talking about are selling prices. As if these are the same things. (there is a nice little red and blue graph from rich here detailing CAR’s frustrations) Are either of you saying that there are no listings that are horrendously over market and just sitting? Is that something a buyer in an inventory constrained market shouldnt be frustrated by?
[/quote]
I never deny that there are some delusional list prices out there. CAR’s post shows it. But I don’t think all list prices are delusional, hence there are houses that were sold while the wishful listings sit and sit.

As a buyer, why would you even bother looking at those houses that are listing at horrendously high price? Just ignore it all together and just look at those are are listed at a reasonable price, which end up getting sold.

[an]

[quote=DWCAP]I would just like to point out that CAR’s rant was about listing prices, while everything AN and sdr are talking about are selling prices. As if these are the same things. (there is a nice little red and blue graph from rich here detailing CAR’s frustrations) Are either of you saying that there are no listings that are horrendously over market and just sitting? Is that something a buyer in an inventory constrained market shouldnt be frustrated by?
[/quote]
I never deny that there are some delusional list prices out there. CAR’s post shows it. But I don’t think all list prices are delusional, hence there are houses that were sold while the wishful listings sit and sit.

As a buyer, why would you even bother looking at those houses that are listing at horrendously high price? Just ignore it all together and just look at those are are listed at a reasonable price, which end up getting sold.

[an]

[quote=DWCAP]I would just like to point out that CAR’s rant was about listing prices, while everything AN and sdr are talking about are selling prices. As if these are the same things. (there is a nice little red and blue graph from rich here detailing CAR’s frustrations) Are either of you saying that there are no listings that are horrendously over market and just sitting? Is that something a buyer in an inventory constrained market shouldnt be frustrated by?
[/quote]
I never deny that there are some delusional list prices out there. CAR’s post shows it. But I don’t think all list prices are delusional, hence there are houses that were sold while the wishful listings sit and sit.

As a buyer, why would you even bother looking at those houses that are listing at horrendously high price? Just ignore it all together and just look at those are are listed at a reasonable price, which end up getting sold.

[an]

[quote=DWCAP]I would just like to point out that CAR’s rant was about listing prices, while everything AN and sdr are talking about are selling prices. As if these are the same things. (there is a nice little red and blue graph from rich here detailing CAR’s frustrations) Are either of you saying that there are no listings that are horrendously over market and just sitting? Is that something a buyer in an inventory constrained market shouldnt be frustrated by?
[/quote]
I never deny that there are some delusional list prices out there. CAR’s post shows it. But I don’t think all list prices are delusional, hence there are houses that were sold while the wishful listings sit and sit.

As a buyer, why would you even bother looking at those houses that are listing at horrendously high price? Just ignore it all together and just look at those are are listed at a reasonable price, which end up getting sold.

[Author]

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