Joe, Thanks so much for the comment! I appreciate it!

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Sep 28, 2022Liked by John Wake


This is a great comment that explains a lot of what I'm seeing. Also, I don't see this explanation elsewhere. Thanks.

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Nice article, John. Psychology and the herd mentality play a much bigger role in the housing market than people give them credit for. I remember it clearly from the last cycle. People who didn't hesitate to buy in 2005/2006 (at the top) thought I was crazy for buying in 2010/2011 (at the bottom). The ability to move into a contrarian mindset is helpful in all forms of investing.

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