UPI 51 – Mastering The Emotions of Real Estate
Show notes
Human beings are so irrational when it comes to real estate. We are a sensitive bunch, human beings. And when you study real estate you are studying what people think about property. Becoming a great property investor is about understanding psychology and behavioral economics. Today’s show is about investigating some of the dynamics of how people interact with the real estate economy.
On this episode –
6:14 – Mistakes people make when the market goes down
10:02 – Don’t follow the crowd with your investment decisions
14:03 – The optimism trap
16:49 – Beware of FOMO with your investments
20:35 – When the market is unsustainable
25:01 – The money-illusion
29:34 – Regret theory
33:51 – Mental accounting
Don’t hesitate to hit me up on Facebook @SamSaggers. DM me any of your questions 🙂
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Take care,
Sam
