what are those sellers thinking?!?

[SD Realtor]

Yeah there are plenty of those people. Living on the river of denial.

[earlyretirement]

SD Realtor,

So so true. I see it all the time. Not just with homes but with other investments. Some people ride stocks all the way down to the pink sheets and still think their stock will some day come back. It rarely happens.

The funniest thing is the realtor.com listing says, “Motivated Seller – Make offer”. I got a good laugh from that. I guess they have been motivated to sell since 2008!

http://miniurl.com/101882

12/26/2010 Price change * $1,139,999 -0.9% $314 HKTCAL, Inc.
10/21/2010 Price change * $1,149,999 -3.8% $317 HKTCAL, Inc.
05/23/2010 Price change * $1,194,999 -4.4% $329 HKTCAL, Inc.
04/08/2010 Listed for sale * $1,249,999 4.3% $345 HKTCAL, Inc.
04/18/2009 Listing removed * $1,199,000 — $331 Keller Williams Realty
03/07/2009 Price change * $1,199,000 -6.7% $331 Keller Williams Realty
08/18/2008 Price change * $1,285,000 -1.2% $354 Keller Williams Realty
07/15/2008 Listed for sale * $1,299,999 27.8% $358 Keller Williams Realty
12/09/2005 Sold $1,017,500 — $280 Public Record

[earlyretirement]

SD Realtor,

So so true. I see it all the time. Not just with homes but with other investments. Some people ride stocks all the way down to the pink sheets and still think their stock will some day come back. It rarely happens.

The funniest thing is the realtor.com listing says, “Motivated Seller – Make offer”. I got a good laugh from that. I guess they have been motivated to sell since 2008!

http://miniurl.com/101882

12/26/2010 Price change * $1,139,999 -0.9% $314 HKTCAL, Inc.
10/21/2010 Price change * $1,149,999 -3.8% $317 HKTCAL, Inc.
05/23/2010 Price change * $1,194,999 -4.4% $329 HKTCAL, Inc.
04/08/2010 Listed for sale * $1,249,999 4.3% $345 HKTCAL, Inc.
04/18/2009 Listing removed * $1,199,000 — $331 Keller Williams Realty
03/07/2009 Price change * $1,199,000 -6.7% $331 Keller Williams Realty
08/18/2008 Price change * $1,285,000 -1.2% $354 Keller Williams Realty
07/15/2008 Listed for sale * $1,299,999 27.8% $358 Keller Williams Realty
12/09/2005 Sold $1,017,500 — $280 Public Record

[earlyretirement]

SD Realtor,

So so true. I see it all the time. Not just with homes but with other investments. Some people ride stocks all the way down to the pink sheets and still think their stock will some day come back. It rarely happens.

The funniest thing is the realtor.com listing says, “Motivated Seller – Make offer”. I got a good laugh from that. I guess they have been motivated to sell since 2008!

http://miniurl.com/101882

12/26/2010 Price change * $1,139,999 -0.9% $314 HKTCAL, Inc.
10/21/2010 Price change * $1,149,999 -3.8% $317 HKTCAL, Inc.
05/23/2010 Price change * $1,194,999 -4.4% $329 HKTCAL, Inc.
04/08/2010 Listed for sale * $1,249,999 4.3% $345 HKTCAL, Inc.
04/18/2009 Listing removed * $1,199,000 — $331 Keller Williams Realty
03/07/2009 Price change * $1,199,000 -6.7% $331 Keller Williams Realty
08/18/2008 Price change * $1,285,000 -1.2% $354 Keller Williams Realty
07/15/2008 Listed for sale * $1,299,999 27.8% $358 Keller Williams Realty
12/09/2005 Sold $1,017,500 — $280 Public Record

[earlyretirement]

SD Realtor,

So so true. I see it all the time. Not just with homes but with other investments. Some people ride stocks all the way down to the pink sheets and still think their stock will some day come back. It rarely happens.

The funniest thing is the realtor.com listing says, “Motivated Seller – Make offer”. I got a good laugh from that. I guess they have been motivated to sell since 2008!

http://miniurl.com/101882

12/26/2010 Price change * $1,139,999 -0.9% $314 HKTCAL, Inc.
10/21/2010 Price change * $1,149,999 -3.8% $317 HKTCAL, Inc.
05/23/2010 Price change * $1,194,999 -4.4% $329 HKTCAL, Inc.
04/08/2010 Listed for sale * $1,249,999 4.3% $345 HKTCAL, Inc.
04/18/2009 Listing removed * $1,199,000 — $331 Keller Williams Realty
03/07/2009 Price change * $1,199,000 -6.7% $331 Keller Williams Realty
08/18/2008 Price change * $1,285,000 -1.2% $354 Keller Williams Realty
07/15/2008 Listed for sale * $1,299,999 27.8% $358 Keller Williams Realty
12/09/2005 Sold $1,017,500 — $280 Public Record

[earlyretirement]

SD Realtor,

So so true. I see it all the time. Not just with homes but with other investments. Some people ride stocks all the way down to the pink sheets and still think their stock will some day come back. It rarely happens.

The funniest thing is the realtor.com listing says, “Motivated Seller – Make offer”. I got a good laugh from that. I guess they have been motivated to sell since 2008!

http://miniurl.com/101882

12/26/2010 Price change * $1,139,999 -0.9% $314 HKTCAL, Inc.
10/21/2010 Price change * $1,149,999 -3.8% $317 HKTCAL, Inc.
05/23/2010 Price change * $1,194,999 -4.4% $329 HKTCAL, Inc.
04/08/2010 Listed for sale * $1,249,999 4.3% $345 HKTCAL, Inc.
04/18/2009 Listing removed * $1,199,000 — $331 Keller Williams Realty
03/07/2009 Price change * $1,199,000 -6.7% $331 Keller Williams Realty
08/18/2008 Price change * $1,285,000 -1.2% $354 Keller Williams Realty
07/15/2008 Listed for sale * $1,299,999 27.8% $358 Keller Williams Realty
12/09/2005 Sold $1,017,500 — $280 Public Record

[UCGal]

This one in my neck of the woods caught my attention…

http://www.sdlookup.com/Property-3678CE1C-4235_Rous_St_San_Diego_CA_92122

They kept going back/forth, up/down with price till it finally settled out 170k less than the original asking price.

[UCGal]

This one in my neck of the woods caught my attention…

http://www.sdlookup.com/Property-3678CE1C-4235_Rous_St_San_Diego_CA_92122

They kept going back/forth, up/down with price till it finally settled out 170k less than the original asking price.

[UCGal]

This one in my neck of the woods caught my attention…

http://www.sdlookup.com/Property-3678CE1C-4235_Rous_St_San_Diego_CA_92122

They kept going back/forth, up/down with price till it finally settled out 170k less than the original asking price.

[UCGal]

This one in my neck of the woods caught my attention…

http://www.sdlookup.com/Property-3678CE1C-4235_Rous_St_San_Diego_CA_92122

They kept going back/forth, up/down with price till it finally settled out 170k less than the original asking price.

[UCGal]

This one in my neck of the woods caught my attention…

http://www.sdlookup.com/Property-3678CE1C-4235_Rous_St_San_Diego_CA_92122

They kept going back/forth, up/down with price till it finally settled out 170k less than the original asking price.

[briansd1]

[quote=UCGal]This one in my neck of the woods caught my attention…

http://www.sdlookup.com/Property-3678CE1C-4235_Rous_St_San_Diego_CA_92122

They kept going back/forth, up/down with price till it finally settled out 170k less than the original asking price.[/quote]

Interesting UCGal. At least it appears that these sellers had the wherewithal to ride it out (they bought for $265k).

http://www.sdlookup.com/MLS-100047579-4235_Rous_St_San_Diego_CA_92122

I’ve seen other sellers who clearly could not afford to sell below a certain price ride it down. The human psychology of loss aversion is fascinating to watch. It works in favor of the creditors who would lose much more if debtors were too quick to walk.

[briansd1]

[quote=UCGal]This one in my neck of the woods caught my attention…

http://www.sdlookup.com/Property-3678CE1C-4235_Rous_St_San_Diego_CA_92122

They kept going back/forth, up/down with price till it finally settled out 170k less than the original asking price.[/quote]

Interesting UCGal. At least it appears that these sellers had the wherewithal to ride it out (they bought for $265k).

http://www.sdlookup.com/MLS-100047579-4235_Rous_St_San_Diego_CA_92122

I’ve seen other sellers who clearly could not afford to sell below a certain price ride it down. The human psychology of loss aversion is fascinating to watch. It works in favor of the creditors who would lose much more if debtors were too quick to walk.

[briansd1]

[quote=UCGal]This one in my neck of the woods caught my attention…

http://www.sdlookup.com/Property-3678CE1C-4235_Rous_St_San_Diego_CA_92122

They kept going back/forth, up/down with price till it finally settled out 170k less than the original asking price.[/quote]

Interesting UCGal. At least it appears that these sellers had the wherewithal to ride it out (they bought for $265k).

http://www.sdlookup.com/MLS-100047579-4235_Rous_St_San_Diego_CA_92122

I’ve seen other sellers who clearly could not afford to sell below a certain price ride it down. The human psychology of loss aversion is fascinating to watch. It works in favor of the creditors who would lose much more if debtors were too quick to walk.

[briansd1]

[quote=UCGal]This one in my neck of the woods caught my attention…

http://www.sdlookup.com/Property-3678CE1C-4235_Rous_St_San_Diego_CA_92122

They kept going back/forth, up/down with price till it finally settled out 170k less than the original asking price.[/quote]

Interesting UCGal. At least it appears that these sellers had the wherewithal to ride it out (they bought for $265k).

http://www.sdlookup.com/MLS-100047579-4235_Rous_St_San_Diego_CA_92122

I’ve seen other sellers who clearly could not afford to sell below a certain price ride it down. The human psychology of loss aversion is fascinating to watch. It works in favor of the creditors who would lose much more if debtors were too quick to walk.

[Author]

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