AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Loss Aversion
I use the term loss aversion. I'd rather have a metaphorical description of the mind of the individual. Living in a home is a radically different experience to being a property investor or even a stock market investor. That isn't some kind of psychological loss aversion. It's a meaningful investment that you've made in that house. You don't want to give it up. To give that all up involves a huge cost.