Bidding Quote by Scott McGillivray
“A lot of times people get caught up in bidding wars, and will go way over what their price needs to be because they love the house so much.”
About This Quote
Source Interview: Real Estate Advice Podcast, 2020
People often overpay for homes they love, driven by emotional attachment rather than rational valuation.
In simple terms: Emotions cause overpaying for houses.
Key Takeaway
Separate emotion from price analysis.
Themes
real estate
decision making
emotions
budgeting
Mood
cautious
reflective
Type
advisory
practical
When to use this quote
- home buying
- investment decisions
- negotiation
- budget planning
Key Concepts
behavioral economics
price anchoring
loss aversion
Questions to Reflect On
- How can you objectively assess a house’s value?
- What strategies keep emotions in check during bidding?
A Different Perspective
Emotional bias can lead to financial strain if not checked.
![“No theory is too false, no fable too absurd, no superstition too degrading for acceptance when it has become embedded in common belief. Men will submit themselves to torture and to death, mothers will immolate [burn] their children at the bidding of beliefs they thus accept.” quote by Henry George](https://sms4smile.com/quotes/img-quotes/68e/henry-george-8103_absurd_no-theory-is-too-false-no-fable-too-absu_70212.jpg)
