Taoyuan Nights

Anchoring
“Anchoring” is when you introduce a number to someone to make their mind fix on it. For example, if you walk into a shop and you see drinks at $2 each, then at the back of the store you see one at $1, you think, hey that’s a good price. Meanwhile, the store [...]

I was asked on another blog, why am I such a pessimist about the housing market?
Here is my reply.

I’m not a pessimist. I’m an optimist! I’m looking forward to a world (including Taiwan) where people don’t obsess about their worth in terms of how a pile of bricks is valued; where a family can choose [...]