Imagine a man or a woman buying a plane ticket. S/he goes on the net and searches for the best deal. S/he finally finds one. It is an exceptional price, so s/he is thrilled.
Small problem, however. The seat is not by the window, and s/he would like it by the window.
Is there anything by the window? Yep, but $200 more. What if s/he waits? Well, the seats are going fast, and the deal might be gone.
S/he still decides to wait until there will be a seat for the same money but by the window.
One hour later the deal is gone, and s/he has to book the ticket for $250 more, but by this time there are no window seats left, so s/he pays for a middle seat $250 more.
The funny thing is that s/he is happy, as this was the last ticket sold and 5 minute later it would be already too late. There might be someone who had missed the plane, and isn’t it a consolation?
Very similar to real estate.
Customers saw a 3 bdr/3 bath unit in Palma Bella in Daytona Beach Shores in 2009. They liked it but did not buy. 2 years later the price is $240K more. It is actually higher than in 2009 by more than half of its price.
They find another condo with still a very good price, but only one unit at this price. So, everything looks fine. Except that they would like a seat unit next to it. Yes, but a seat unit next to it is $200K+ more.
Oh, well, they will wait.
No problem. Come to the balcony, please. Look up there. See the plane?
Say “Good bye”…
P.S. When you need to fly and you like flying 1st class and can only afford economy class, is there really a choice?
Yes… buy economy or stay home
Why? We want to fly 1st class with no money down or ever and the Seller will pay for it.
Yeah… make sure you have a good parachute and learn how to say “Nice to meet you” in Great White’s language.