There was an interesting article in the Washington Post this morning, 12/17/07. Written by Shankar Vedantam, the article titled 'Bad Ideas Can Be Contagious,'discusses the phenomenon of 'group think' and how it affects the decisions we make. What I found most compelling about the article was the assertion that this phenomenon largely contributed to the Real Estate bubble. Also discussed is the idea that those of us in the Washington D.C. metro area felt largely distanced from real estate market corrections, but now that the correction has been accepted as fact, it is believed by all.
Read the article, link below, and let me know your thoughts.
http://www.washingtonpost.com/wp-dyn/content/article/2007/12/16/AR2007121601472.html
Holly Weatherwax, Associate Broker
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EcoBroker,Graduate of Realtors Institute,Accredited Buyers Representative,e-pro
If I can assist you with the purchase or sale of property in Northern Virginia, please visit my website: www.greatexperience.net , my blog Real Estate and Reston or email me at hollyweatherwax@mris.com. My direct number is 571-643-4902.
I believe buying or selling real estate should be a GREAT EXPERIENCE!

Lovely 3 Bedroom, 2 1/2 bath townhouse is well-maintained enclave of homes. Walk to Historic Lake Anne Plaza, stroll around Lake Anne, Dine at Reston Towncenter and be at Tysons Corner in 10 minutes.