The real-estate 'winner's curse': Study of nearly 14 million home sales over 20 years shows you don't want to win that bidding war
In today’s hot housing market, winning a bidding war can feel like a triumph. But my research shows it often comes with a catch: Homebuyers who win bidding wars tend to experience a “winner’s curse,” systematically overpaying for their new homes.Note: the winners' curse is a form of adverse seleccton (ch19) HT: Justin
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