Buyer psychology dictates that as the market goes up, buyers feel the need to jump in before it goes up further.

@Kevin Gerbie I'd also read self-help books, business, psychology as well.

"Atomic Habits" - James Clear"The Almanack of Naval Ravikant" - Eric Jorgensen"Never Split the Difference" - Chris Voss"The Psychology of Money" - Morgan Housel"The 80/20 Principle" - Richard Koch

I wonder what is the psychology for that?

Technical analysis reads the psychology of all the buyers and sellers within a specific time frame.

The thought of low monthly payments on my personal life I think would psychologically be of huge benefit. 

Not a fan of the Myers Briggs test or other personality tests that were developed in the 1940s based on the totally untested theories of Carl Jung that are now thoroughly disregarded by the psychology community either.

A lot of it is just psychological, and you'll realize how it's really not that big of a deal to buy a property.Trust me, my first deal was nothing to gawk at.

And as you put it too, it's also important psychologically as well as it feels like you're losing money each month if you have negative cash flow even if all the other things are working in your favor.  

You can also discover your own emotional and psychological strengths and weaknesses.