Its just the nature of human psychology .There is never a specific number that hits and causes the damage its what people think. 

This is an important first step as all real estate investing will flow from your ability to manage your own assets and your own psychology.

You have to buy on fundamentals and not factor in much appreciation if any save for what might trend with inflation.The big question is if you buy something now and its on par with what you are paying in rent then thats a push and you have all the benefits of owning your own place, both psychologically and economically, if you are buying for speculation of it going up in value I would discount that.

There are 2 other coaches in the program that are on the call too that help with the psychology and mindset questions as well.  

Had they just sold the property they were psychologically "stuck in", and re-invested, they could have recovered with a 100%+ gain instead of a 50%+.Anways, I don't actually think this is a good strategy for everyone.

So it's really just psychological comfort vs math. 

This "horrible experience" (she listened to a neighbor's story and presumably heard fake moans and groans through a wall, maybe some dirty, dirty talk) is clearly causing her immense psychological harm.Come on, Jimmy, let's get to the beef.

While people will almost certainly go above asking, there is likely a psychological effect by setting a price.

Plans changed, as they do very often with young people, and my interest turned completely away from the military to psychology.

Psychology, risk tolerance and self-discipline are involved.