This is the best I've seen yet:
THE UK HOUSING MARKET: BUBBLES AND BUYERS
See section 3 in particular. Section 2 has some lovely bits on the media.
I might try to write an abbreviated version for use on this site in the wiki, etc, if he gives his approval.
I will try and have another think about other psychological processes driving the housing bubble, but I think that Farlow hits the nail on the head in so many ways.
Full Version: The Daddy Of all H P C Psychology Articles
QUOTE(RichM @ Apr 25 2006, 05:09 PM) [snapback]358840[/snapback]
This is the best I've seen yet:
THE UK HOUSING MARKET: BUBBLES AND BUYERS
See section 3 in particular. Section 2 has some lovely bits on the media.
I might try to write an abbreviated version for use on this site in the wiki, etc, if he gives his approval.
I will try and have another think about other psychological processes driving the housing bubble, but I think that Farlow hits the nail on the head in so many ways.
Great stuff. I particularly liked this bit:
QUOTE
This also explains why zero house price growth can
be serious news for a market that has recently
experienced ‘frenzy’. Price rises are no longer high
enough to draw many over the threshold and the
market grinds to a halt, before declining.
be serious news for a market that has recently
experienced ‘frenzy’. Price rises are no longer high
enough to draw many over the threshold and the
market grinds to a halt, before declining.
Really interesting and well worth the read. Thanks
QUOTE(Mags @ Apr 25 2006, 09:17 PM) [snapback]359081[/snapback]
Great stuff. I particularly liked this bit:
Really interesting and well worth the read. Thanks
I believe you Mags, thousands wouldn't.
QUOTE(Winners and Losers @ Apr 25 2006, 09:29 PM) [snapback]359089[/snapback]
I believe you Mags, thousands wouldn't.
Lol!
No really. It's worth a read! Really! Lol!
test
QUOTE(RichM @ Apr 25 2006, 05:09 PM) [snapback]358840[/snapback]
This is the best I've seen yet:
THE UK HOUSING MARKET: BUBBLES AND BUYERS
See section 3 in particular. Section 2 has some lovely bits on the media.
I might try to write an abbreviated version for use on this site in the wiki, etc, if he gives his approval.
I will try and have another think about other psychological processes driving the housing bubble, but I think that Farlow hits the nail on the head in so many ways.
Superb. Thank you very much for this Rich - I have started reading it and it is very re-assuring to see such a classically ordered piece of reasoning. Although the author is surely a visitor on this site!
3.3.3 is interesting. Talks about why the trun from peak to downward takes so long and is so sticky.
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