hazuchan at RE Talks 6 Jun 2011 7:30pm – “I find it surprising that even I am feeling bearish, despite being a homeowner. Are any of you former bulls (like me) feeling the same way?”
Why should owning real estate effect whether you foresee ongoing RE market strength or future weakness? [rhetorical question].
It is obviously human nature to ‘talk one’s book’… so much so that when our analysis runs against our actual position it feels odd. It’s the first step in changing a belief, and later, acting on the new belief to change a position.
There has been so much information accumulating out there that suggests ‘bubble’. Information that has been getting increasing airtime from different quarters, MSM included. More and more players – former bulls/complacent owners/potential buyers/potential sellers – are filtering and filing this information.
This is quite probably why ‘hazuchan’, a local RE owner who appears to read quite widely, is experiencing this ‘feeling’.
The ‘pumps’ are being ‘primed’; preparing for action.- vreaa