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Richard Wakelin

Why FOBO is killing your property investment goals

For home buyers and even investors, the fear of a better option can be more ruinous than FOMO, the fear of missing out.

Even the most cool-headed business people can find their judgment wavering when it comes to buying residential property.

It’s not just a financial investment, it’s intertwined with our aspirations, lifestyle, status, and fundamental need for security and belonging. Emotions and psychology play a significant role, often bringing out the most extreme aspects of our personalities.

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Richard Wakelin is a founder of buyers' agent Wakelin Property Advisory.

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    Original URL: https://www.afr.com/wealth/personal-finance/why-fobo-is-killing-your-property-investment-goals-20231123-p5eme1