A study done by a pair of Canadian psychologists demonstrates how the law works. What the psychologists discovered is that people at a racetrack, after placing a bet, are more confident of their chance of winning than they were immediately before placing the bet. Keep in mind that nothing about the horse’s chances of winning changed. It’s the same horse, on the same track, in the same field of horses; but in the mind of the bettor, the horse’s chances of winning improve once they purchased a ticket. Although this may be a bit puzzling at first, the reason has to do with the law of consistency.
Buyers on Florida’s Gulf Coast are coming out of the woodwork to grab up condominiums left over from the Sunshine State’s housing boom of years past. While prices have dropped year over year by 13 percent, pending sales have outpaced 2007’s rate for two consecutive quarters. The latest jump was by 4 percent for condo sellers in the Tampa/Petersburg area.
The politicians may have fled Washington for conventions and vacations, but there’s been lots of action at the Federal Housing Administration that could affect home buyers and borrowers across the country.
The politicians may have fled Washington for conventions and vacations, but there’s been lots of action at the Federal Housing Administration that could affect home buyers and borrowers across the country.
Filed under: Uncategorized — admin @ 11:00 pm
The politicians may have fled Washington for conventions and vacations, but there’s been lots of action at the Federal Housing Administration that could affect home buyers and borrowers across the country.