What is the seller mood?

[DWCAP]

[quote=Allan from Fallbrook]
Interestingly, a lot of folks in the first camp are in RE, and I think most of them are telling themselves and others that things will improve markedly in the forlorn hope that they actually will.[/quote]

I think a numeber of the buyers that are buying right now are in the same camp as the above. I know 1 who bought and 1 who activly is looking, both because they have convinced themselves (with no small part from RE agent) that prices are in a temporary dip and will be back to 2005 pricing WITHIN the next 3 years. (ie 140k condo’s will be 300k in 2012.)

[Allan from Fallbrook]

DWCAP: Yeah, I see that, too. I think to a certain extent, people do not, under any circumstances, want to accept how truly bad things are right now. Moreover, I think they also want to ignore the signs that indicate things might get far, far worse.

It is definitely a state of denial, and you even see it in some of the postings here on Piggington’s.

But, you can’t convince people of what they don’t wish to believe, so if someone is falling for some Pollyanna Realtor’s view of the world, so be it. It’s their money to lose.

[Allan from Fallbrook]

DWCAP: Yeah, I see that, too. I think to a certain extent, people do not, under any circumstances, want to accept how truly bad things are right now. Moreover, I think they also want to ignore the signs that indicate things might get far, far worse.

It is definitely a state of denial, and you even see it in some of the postings here on Piggington’s.

But, you can’t convince people of what they don’t wish to believe, so if someone is falling for some Pollyanna Realtor’s view of the world, so be it. It’s their money to lose.

[Allan from Fallbrook]

DWCAP: Yeah, I see that, too. I think to a certain extent, people do not, under any circumstances, want to accept how truly bad things are right now. Moreover, I think they also want to ignore the signs that indicate things might get far, far worse.

It is definitely a state of denial, and you even see it in some of the postings here on Piggington’s.

But, you can’t convince people of what they don’t wish to believe, so if someone is falling for some Pollyanna Realtor’s view of the world, so be it. It’s their money to lose.

[Allan from Fallbrook]

DWCAP: Yeah, I see that, too. I think to a certain extent, people do not, under any circumstances, want to accept how truly bad things are right now. Moreover, I think they also want to ignore the signs that indicate things might get far, far worse.

It is definitely a state of denial, and you even see it in some of the postings here on Piggington’s.

But, you can’t convince people of what they don’t wish to believe, so if someone is falling for some Pollyanna Realtor’s view of the world, so be it. It’s their money to lose.

[Allan from Fallbrook]

DWCAP: Yeah, I see that, too. I think to a certain extent, people do not, under any circumstances, want to accept how truly bad things are right now. Moreover, I think they also want to ignore the signs that indicate things might get far, far worse.

It is definitely a state of denial, and you even see it in some of the postings here on Piggington’s.

But, you can’t convince people of what they don’t wish to believe, so if someone is falling for some Pollyanna Realtor’s view of the world, so be it. It’s their money to lose.

[SD Realtor]

I agree that there are ALOT of agents pushing that BS line about a temporary dip.

However I will say that right now I definitely have way more buyers then I have ever had. Many of them are looking passively with an eye out for an extra good deal moreso then anything else. Still there are a good deal of them who are quite serious with aspirations to buy in the next 6 months.

The common thread though is that all of them are absolutely aware of my own feelings of the market not hitting bottom for quite awhile. While that may be puzzling to alot of people, including me, it is the way it is.

So I am not convinced by the line that, oh the majority of buyers are in falling for the Pollyanna Realtors view. Again, not that the majority of realtors do not do that, but just based on my own anecdotal experiences with all of my leads.

If anything they are more frustrated by the lack of quality inventory then anything else.

[SD Realtor]

I agree that there are ALOT of agents pushing that BS line about a temporary dip.

However I will say that right now I definitely have way more buyers then I have ever had. Many of them are looking passively with an eye out for an extra good deal moreso then anything else. Still there are a good deal of them who are quite serious with aspirations to buy in the next 6 months.

The common thread though is that all of them are absolutely aware of my own feelings of the market not hitting bottom for quite awhile. While that may be puzzling to alot of people, including me, it is the way it is.

So I am not convinced by the line that, oh the majority of buyers are in falling for the Pollyanna Realtors view. Again, not that the majority of realtors do not do that, but just based on my own anecdotal experiences with all of my leads.

If anything they are more frustrated by the lack of quality inventory then anything else.

[SD Realtor]

I agree that there are ALOT of agents pushing that BS line about a temporary dip.

However I will say that right now I definitely have way more buyers then I have ever had. Many of them are looking passively with an eye out for an extra good deal moreso then anything else. Still there are a good deal of them who are quite serious with aspirations to buy in the next 6 months.

The common thread though is that all of them are absolutely aware of my own feelings of the market not hitting bottom for quite awhile. While that may be puzzling to alot of people, including me, it is the way it is.

So I am not convinced by the line that, oh the majority of buyers are in falling for the Pollyanna Realtors view. Again, not that the majority of realtors do not do that, but just based on my own anecdotal experiences with all of my leads.

If anything they are more frustrated by the lack of quality inventory then anything else.

[SD Realtor]

I agree that there are ALOT of agents pushing that BS line about a temporary dip.

However I will say that right now I definitely have way more buyers then I have ever had. Many of them are looking passively with an eye out for an extra good deal moreso then anything else. Still there are a good deal of them who are quite serious with aspirations to buy in the next 6 months.

The common thread though is that all of them are absolutely aware of my own feelings of the market not hitting bottom for quite awhile. While that may be puzzling to alot of people, including me, it is the way it is.

So I am not convinced by the line that, oh the majority of buyers are in falling for the Pollyanna Realtors view. Again, not that the majority of realtors do not do that, but just based on my own anecdotal experiences with all of my leads.

If anything they are more frustrated by the lack of quality inventory then anything else.

[SD Realtor]

I agree that there are ALOT of agents pushing that BS line about a temporary dip.

However I will say that right now I definitely have way more buyers then I have ever had. Many of them are looking passively with an eye out for an extra good deal moreso then anything else. Still there are a good deal of them who are quite serious with aspirations to buy in the next 6 months.

The common thread though is that all of them are absolutely aware of my own feelings of the market not hitting bottom for quite awhile. While that may be puzzling to alot of people, including me, it is the way it is.

So I am not convinced by the line that, oh the majority of buyers are in falling for the Pollyanna Realtors view. Again, not that the majority of realtors do not do that, but just based on my own anecdotal experiences with all of my leads.

If anything they are more frustrated by the lack of quality inventory then anything else.

[DWCAP]

SD_R,

Doesn’t suprise me at all. The BS flew for the majority of a decade. I have no doubt that a majority of the people are comparing current prices to bubble prices and are thinking they are getting a deal. Lessons like “re is a great investment” are not unlearned, even if they were untrue in a short term sense most people were ‘investing’ under.

Include a few smoke blowing agents, alot of denial, alittle hope, a press that writes like 5th graders (up is good, down is bad), historically low interest rates, terrible choices in other investments (30 year bonds anyone???) and the fact that for the first time in recient memory buying a house in about half of zipcodes isnt financial Russian roulette and I am sure alot of people are out buying. Even if they know you are right in that prices will continue to fall.

It still isnt the same thing as believing that things are going back to 2005 the day after ‘you’ buy.

[DWCAP]

SD_R,

Doesn’t suprise me at all. The BS flew for the majority of a decade. I have no doubt that a majority of the people are comparing current prices to bubble prices and are thinking they are getting a deal. Lessons like “re is a great investment” are not unlearned, even if they were untrue in a short term sense most people were ‘investing’ under.

Include a few smoke blowing agents, alot of denial, alittle hope, a press that writes like 5th graders (up is good, down is bad), historically low interest rates, terrible choices in other investments (30 year bonds anyone???) and the fact that for the first time in recient memory buying a house in about half of zipcodes isnt financial Russian roulette and I am sure alot of people are out buying. Even if they know you are right in that prices will continue to fall.

It still isnt the same thing as believing that things are going back to 2005 the day after ‘you’ buy.

[DWCAP]

SD_R,

Doesn’t suprise me at all. The BS flew for the majority of a decade. I have no doubt that a majority of the people are comparing current prices to bubble prices and are thinking they are getting a deal. Lessons like “re is a great investment” are not unlearned, even if they were untrue in a short term sense most people were ‘investing’ under.

Include a few smoke blowing agents, alot of denial, alittle hope, a press that writes like 5th graders (up is good, down is bad), historically low interest rates, terrible choices in other investments (30 year bonds anyone???) and the fact that for the first time in recient memory buying a house in about half of zipcodes isnt financial Russian roulette and I am sure alot of people are out buying. Even if they know you are right in that prices will continue to fall.

It still isnt the same thing as believing that things are going back to 2005 the day after ‘you’ buy.

[DWCAP]

SD_R,

Doesn’t suprise me at all. The BS flew for the majority of a decade. I have no doubt that a majority of the people are comparing current prices to bubble prices and are thinking they are getting a deal. Lessons like “re is a great investment” are not unlearned, even if they were untrue in a short term sense most people were ‘investing’ under.

Include a few smoke blowing agents, alot of denial, alittle hope, a press that writes like 5th graders (up is good, down is bad), historically low interest rates, terrible choices in other investments (30 year bonds anyone???) and the fact that for the first time in recient memory buying a house in about half of zipcodes isnt financial Russian roulette and I am sure alot of people are out buying. Even if they know you are right in that prices will continue to fall.

It still isnt the same thing as believing that things are going back to 2005 the day after ‘you’ buy.

[Author]

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