Bad moon rising: Should home buyers & sellers start “Freaking out?”

Foreclosure_moon2First 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!

Posted in Defensive Homebuying, In the News, Real Estate Bubble

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