« From froth to foreclosures: You ain't seen nothing yet! | Main | Real Estate Blogs: "Post or Perish" »
June 20, 2005
Bad moon rising: Should home buyers & sellers start "Freaking out?"
First the serious news: The appearance of rogue economists Steven Levin and Stephen Dubner, coauthors of Freakonomics, on NBC's Today Show has sparked a controversy that has the National Association of Realtors firing back
and offering their chief economist or association president to rebut allegations that Realtors work
harder to get the highest price for their own properties, than they do
for clients who they too often sell short.
Now the weird news, or should we say "Freaky?" NASA's web site says...
This week's full moon hangs lower in the sky than any full moon since June 1987, so the Moon Illusion is going to be extra strong."
Makes me wonder if there is a connection between
the Moon Illusion and housing prices. The last housing cycle peaked around 1987, marking a turning point which
saw prices slide through the early 1990's in many housing markets across the
US.
So if home buyers and sellers are looking for a sign that the housing
market has peaked, and the Boston Globe's recent series of headlines on foreclosures haven't already freaked them out, what do you bet that history will recognize this year's summer solstice as a celestial tipping point in hindsight?
Many people have heard about money-making Ponzi Schemes, invented here in Boston in 1919, but who would guess that was six years AFTER something called the Ponzo Illusion -- the phenomena behind the Moon Illusion -- was discovered? Both make things appear larger than they really are; in one case, the moon and in the other case, return on investments -- like real estate in today's market! Who would guess that real estate cycles are tied to cosmic events like decade-long lunar cycles? ;-) Freaky!
Bill Wendel | 04:22 PM in Defensive Homebuying, In the News, Real Estate Bubble | Permalink
TrackBack
TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d83451cafc69e200d8344ae7ff53ef
Listed below are links to weblogs that reference Bad moon rising: Should home buyers & sellers start "Freaking out?":
Comments
NOTE: Your email address will not be published on this page with your comment. Followup to your comment will generally appear here. Occassionally the Real Estate Cafe may use your email address to followup with you directly however it is not shared or given to anyone else nor added to a RE Cafe mailing list.
No one should freak out, there is absolutely no reason to. Long term speaking I see the industry nothing but booming, especially here in California and there in New York.
Posted by: Real Estatet Forum and Blogs | Jun 25, 2005 5:33:20 AM
The comments to this entry are closed.