Tag: Anchor Effect

129 West 20 Street hums country tune, times the market perfectly, kinda, sorta

paging Kenny Rogers Another way to frame the fight or flight question posed for disappointed sellers (in my November 15 post) is You got to know when to hold ’em, know when to fold ’emKnow when to walk away, know

Posted in loft neighborhoods chelsea Tagged with: , , , , , , , , ,

real estate market psychology: about seller refusal to take a loss

just ‘cuz “everyone knows” doesn’t mean it is not trueYes, it is no great revelation to state as fact that apartment or loft sellers in Manhattan (and elsewhere) are reluctant to sell (even when “on the market”) if they can

Posted in psychology of the market Tagged with: , , , , , , , , ,

negotiation science / The Anchoring Effect

indeed, "we" are not so smartInteresting post from an interesting blog that I have been mulling over this past week, as it had great personal relevance this week (story below) and has a real estate nexus. The post is Anchoring

Posted in psychology of the market Tagged with: , , , , , ,