Sunday, June 8, 2008

Housing boom and Kubler-Ross.

Dr. Elisabeth Kübler-Ross, five stages of grief. Denial, anger, bargaining, depression, and acceptance.

Simplistic, I know, but it seems to me in the local housing market that we've gone from outraged denials, to blaming the media, to many facets of "we're different", to lower prices are a 'good' thing, to lately....... an eerie quiet.

Have we entered the depressed phase?

Seems like it.

4 comments:

jessefelder said...

here's another way to look at it.

imho, we're somewhere around the "fear" stage, locally.

nationally, we're closer to the "capitulation" stage.

News Junkie said...

The grieving has not really even begun. Despite all of the foreclosures, most of Bend has not experienced loss yet...only paper losses...and even so, most don't even know they've experienced THAT. We'll see how many dispute their property tax assessments this fall.

So I tend to agree with the JF. Imho, we're closer to the "anxiety" stage. We have a looong way to go til "capitulation".

Duncan McGeary said...

Sigh....I suppose I wished we were further along by now.

Duncan McGeary said...

Jesse,

That graph is FANTASTIC! It's exactly right on with what I've experienced.

Thanks for linking that.