You hit it Tom. It's the same phenomena when your selling and buying - a buyer is like, what? No way I'd pay that much. Seller? What? You want it for free?
Kind of like driving - everybody slower is an idiot, everybody faster is a maniac.
I said it before, $1500 is a lot for some, not so much for others. Take a drive on the Nice side of town - do you see houses that quadruple yours? Two, three, maybe four luxury cars in the driveway? Yeah, there are actually rich people out there folks.