Property
Panic buying of homes out of FOMO
By Property Soul  •  September 16, 2021
Panic buying in a perceivable crisis under the out-of-stock fear is real. Hideko Yamashita (山下秀子), the famous advocate of danshari (断捨離), once handled an extreme case of hoarding. An elderly woman lived alone with over 200 rolls of toilet paper in her tiny apartment. With her usage of one roll a month, 200 rolls could easily last 16 to 17 years. But she was constantly living under the fear of toilet paper being sold out. She had experienced this once during the time of oil crisis in the 1970s. Despite living in a hill of toilet rolls, she would still be compelled to stock up more whenever there was discount for any toilet paper brand. Irrational panic-buying induced by the pandemic Remember Singaporeans’ panic buying and hoarding behavior during every raise of Covid-19 alert level?
One shopper in the queue, who only wanted to be known as Mrs Chin, said she bought more pasta, flour and toilet paper than usual for her family of five.
...
Read the full article
By Property Soul
I have developed a strong passion for properties since young. In my 20s, I was relocated to Singapore where I bought my first condominium unit at the end of 2002. I added four more to my property portfolio in 4 ½ years’ time. I never expected their total value could be doubled in just a few years.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance