[Moneyguy1]

Not insulated, not by a longsight. I see every day people make irrational financial decisions. Sometimes it gets very discouraging. I could go into detail, but most folks who "think" already know of what I am speaking.

People heard "housing costs to continue upward" so many were convinced if they didn't buynow, they would never be able to buy. Ever see anyone chosen as the winner in a real estate bidding war by writing a letter to the current owner convincing them that they, the potential buyer would be the best one to take good care of the property? Emotion and greed ramped the real estate prices to a great extent, hyped by the media. Just one example.

Finance is (or at least until I retired was) my bread and butter. People are generally irrational about three things: Politics, Finances, and Religious beliefs. (We could add love into the mix, I suppose......)