Tag Archive: GOMO

Home is where the heartbreak is for GOMOs

Posted on November 11, 2013 by | 0 Comments
It’s a phenomenon fast becoming known in the property industry as ”GOMO”: Grief Over Missing Out. Prospective buyers who pin their hopes on a dream home and are outbid at auction by competitors are increasingly slumping into a state approaching clinical depression, experts say. “Some people put an enormous emotional investment in a particular place and fall in love with it before they’ve been able to buy it,” said Amanda Gordon, a clinical psychologist and...

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