The Five Stages of Real Estate Grief

Psychological insight into the housing crash from Peter C:

1. Denial: Example - “There is no bubble!”
2. Anger: Example - “The media is making all this up!”
3. Bargaining: Example - “OK there may be a bubble bursting in the East Bay but not in San Francisco or on the penninsula!”
4. Depression: Example - “I’m ruined! I’m no longer a ‘millionaire’.”
5. Acceptance: - Oh well, easy come, easy go. Hey what’s wrong with affordable housing”