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> "Reality has even shown that many people irrationally overestimate how much they can squeeze from you" Please explain this further.
by hydrogen18 11y ago
> "Reality has even shown that many people irrationally overestimate how much they can squeeze from you"
Please explain this further.
- maxerickson 11y agoConsider 2 outcomes. One is that the project moves forward with the owner getting x+y for their land. The other is that the project doesn't move forward and they are able to sell it for roughly x. There is at least a sense in which turning down y is irrational. Of course it doesn't have to be irrational, but if they believe they would be better off with y and are simply trying to get more, there is some degree of unreasonableness involved.
- jerf 11y agoThere are a ton of stories about people holding out for more money from developers trying to buy up swathes of land. Some of them hold out for so much (including the effective infinity of "simply will not sell") that it actually ends up more practical to build around them. This is the extreme, but here's some pictures of the results of that sort of thing: https://www.google.com/search?q=eminent+domain+holdouts https://www.google.com/search?q=eminent+domain+holdouts I'll say again those are the extremes, but it's a common local- or regional-interest story to read about someone holding out for more money because they're the last parcel needed for some development or something. Usually it's an easy "little guy sticking it to The Man" story for the local news human interest segments.