Sell
A great blog that examines the theory of "loss aversion". If you are a home owner, and don’t want to sell because you fear we are in a falling market, this doesn’t neceassarily mean you shouldn’t sell. Apparently, fear can make us over-estimate our losses. This is very likely one cause for the lack of [...]
According to Robert Shiller Yale Economist (this man predicted the current housing crash) 1. House prices are still only halfway back down to fair value. 2. Prices don’t usually stop at fair value 3. Obama’s plan wont turn housing around. Robert Shiller in his book called irrational exuberance has a chart showing the history of [...]