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Public Emotional response to the house market
Poll ended at Thu Jul 16, 2015 1:00 pm
Optimism 13%  13%  [ 5 ]
Excitement 3%  3%  [ 1 ]
Thrill 3%  3%  [ 1 ]
Euphoria 3%  3%  [ 1 ]
Anxiety 15%  15%  [ 6 ]
Denial 15%  15%  [ 6 ]
Fear 21%  21%  [ 8 ]
Desperation 0%  0%  [ 0 ]
Panic 0%  0%  [ 0 ]
Capitulation 3%  3%  [ 1 ]
Despondency 3%  3%  [ 1 ]
Depression 5%  5%  [ 2 ]
Hope 10%  10%  [ 4 ]
Relief 8%  8%  [ 3 ]
Total votes : 39
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 Post subject: Q3 2015: Survey of Irish Market - Market cycle of emotion
PostPosted: Wed Jul 01, 2015 1:00 pm 
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 Post subject: Re: Q3 2015: Survey of Irish Market - Market cycle of emotio
PostPosted: Wed Jul 01, 2015 2:03 pm 
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Too Big to Fail
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Still in denial afaik

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 Post subject: Re: Q3 2015: Survey of Irish Market - Market cycle of emotio
PostPosted: Wed Jul 01, 2015 2:04 pm 
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I think its still at the thrill or Euphoria stage. I don't think its falling yet. But we will see.


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 Post subject: Re: Q3 2015: Survey of Irish Market - Market cycle of emotio
PostPosted: Thu Jul 02, 2015 9:48 am 
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Too Big to Fail

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NegativeEquity wrote:
Still in denial afaik

For denial there has to be some knowledge that things are starting to go south but most vendors seem blissfully unaware of this as they price for the skies and then moderate to a slightly less insane asking.

Between Euphoria and Anxiety for me. It's that 2007-2009 phoney war all over again.

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 Post subject: Re: Q3 2015: Survey of Irish Market - Market cycle of emotio
PostPosted: Thu Jul 02, 2015 10:23 am 
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gaius wrote:
NegativeEquity wrote:
Still in denial afaik

For denial there has to be some knowledge that things are starting to go south but most vendors seem blissfully unaware of this as they price for the skies and then moderate to a slightly less insane asking.

Between Euphoria and Anxiety for me. It's that 2007-2009 phoney war all over again.


That makes sense - my denial should really have been Euphxiety.

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 Post subject: Re: Q3 2015: Survey of Irish Market - Market cycle of emotio
PostPosted: Thu Jul 02, 2015 10:32 am 
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I think it has moved on from Anxiety in the last quarter to Denial now.
Those that can accept it are taking a shower now to avoid a bath later but there is still plenty of 2007-9 phony war type sellers out there in denial that they won't achieve what their asset is "worth" for the forseeable future.


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 Post subject: Re: Q3 2015: Survey of Irish Market - Market cycle of emotio
PostPosted: Thu Jul 02, 2015 10:53 am 
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Single Home Owner

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There isn't an option for acceptance. I know the market has probably topped out but I still want to buy just to get on with my life. The whole cyclical thing has broken me.


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 Post subject: Re: Q3 2015: Survey of Irish Market - Market cycle of emotio
PostPosted: Thu Jul 02, 2015 11:29 am 
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super wrote:
There isn't an option for acceptance. I know the market has probably topped out but I still want to buy just to get on with my life. The whole cyclical thing has broken me.


I think the "emotions" shown on the graph above are just markers for where you think the market is headed rather than being indicative of your own personal feelings.
If you think that the market is on a downslope and want to buy anyway or if you feel the market is rising but you are choosing to sell and rent (for whatever reasons) then your personal feelings will be different from your perception of where the market is headed.
(i.e. "Thrill" is just a marker for a point on the curve with a positive slope
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it doesn't have to correspond to how you feel about the market being on that trajectory!)


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 Post subject: Re: Q3 2015: Survey of Irish Market - Market cycle of emotio
PostPosted: Thu Jul 02, 2015 11:36 am 
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As a buyer I'm in complete denial that these prices are normal.

If I was a seller I think I would be pretty desperate to offload.

So I guess we're in fear. At least I am.


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