When You Have a New Therapist and Her Name Is Zillow - Kanebridge News
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When You Have a New Therapist and Her Name Is Zillow

Pretend renovations, houses you’ll never buy: the therapeutic benefits of real-estate fantasies

By ELIZABETH BERNSTEIN
Tue, Jul 2, 2024 7:00amGrey Clock 4 min

Ellisha Caplan has exercised , maintained a healthy diet and gotten sleep to manage stress. Lately she’s found something that makes her feel even better: Zillow.

In spare moments, the 47-year-old consultant in Delaware searches real-estate websites for homes in her price range in Philadelphia, where she went to college, and in the small German town where her family has spent several idyllic summers. She looks up nearby restaurants and bike trails, too, imagining her life if she retired there.

“It’s calming, like a massage for my brain,” Caplan says. “I get to let my mind run awhile and just go with the flow.”

Rising prices, few options and high mortgage rates have made home buying uniquely painful right now. But make-believe house hunts are different. They transport people out of their current problems into a fantasy of a better future, a relaxing habit one fantasiser likens to a “digital glass of wine.” I call it Zillow therapy.

Trawling Zillow for alternate versions of your life isn’t the same thing as gawking at real-estate porn, memorably captured in this “ Saturday Night Live ” skit. People using Zillow for therapeutic reasons tend to focus on a specific place, perusing homes they think they can afford and imagining life there. Down the rabbit hole, they cruise Google Maps and local websites for bars, hiking trails or—guilty as charged—bookstores and libraries.

“The fantasy is sustaining,” says Giulia Poerio, a lecturer at the University of Sussex, in the U.K., who studies how daydreaming can help regulate our emotional well-being. “Even if you can’t get what you need right now, you can Zillow it and get a little bit of energy or hope to keep you going.”

Walking trails, room to write

In reporting this column, I heard from people whose Zillow fantasies focus on homes with large backyards, where kids and dogs can romp outside unsupervised, and on places with a detached studio for writing or drawing. Nostalgia powers lots of people’s searches: They look at homes in a childhood town or another place they lived when life seemed simpler. Others use their daydreams to identify what’s missing from their current lives, such as community or nature.

My Zillow therapy sessions centre on Seattle . It’s far from hurricane season in Miami, where I live. I have a close friend there. And there’s plenty of water  where I can sail . I search for (and imagine renovating) homes near walking trails and marinas, with a room where I can write with a view of some magnificent trees. Instant Zen.

Looking at worse houses rather than better ones is a balm for some people. Unattractive or cramped homes make them feel better about where they currently live, especially if their own home is less expensive. Psychologists call this phenomenon downward social comparison.

“If you want to see the 900 square feet that $1.8 million can get you, just put in a San Francisco ZIP Code,” says Hooria Jazaieri, an assistant professor of management at Santa Clara University’s business school who studies how people regulate their emotions. “It’s a great way to make you feel grateful.”

Zillow is helping Bill Marklein, 39, get through an expensive kitchen remodel—he and his wife have a baby daughter and have been doing dishes in the bathtub for months. He browses listings in his price range within a 30-mile radius of his home in Plymouth, Wis., lingering on the kitchens. Nice ones make him feel good about his investment. But hideous ones with 1970s avocado-green cabinets or battered white refrigerators sticking out into the room cheer him up, too.

“It’s like having a digital glass of wine,” says the business owner. “It shows you that life isn’t so bad.”

The limits of Zillow therapy

Zillow’s user data suggests that plenty of us are doing this. The company’s real-estate websites and apps, which include Trulia and StreetEasy, have a combined 217 million average unique monthly users. Yet just slightly more than four million existing homes were sold in the U.S. last year, according to the National Association of Realtors.

Zillow is “not a replacement for therapy,” says the company’s home trends expert Amanda Pendleton, though it can give people an emotional boost.

“It’s a judgment-free zone,” she says. “Unlike on social media, no one is going to comment on the home you’re looking up and tell you it’s a terrible choice.”

Still, there are drawbacks to spending too much time in our imagination.

“The fantasies zap your energy,” says Gabriele Oettingen, a professor of psychology at New York University, who studies the psychology of motivation. Her research shows that while people who have positive fantasies about the future feel better in the moment, they often don’t achieve the goals they’re dreaming about. “Your attention is away from your current reality,” Oettingen says.

The solution, if you want to make your dream come true, is to identify the obstacle in the way of achieving your goal, she says. If you can’t move right now, accept that and choose a more immediate goal. Can’t buy a house in the seaside town your family vacationed in as a child? Plan a trip to the beach.

And if you’re serious about a future move, take steps to make it a reality down the road.

Elizabeth Uslander, 42, lives in San Diego but enjoys perusing house listings in small towns in the Colorado mountains to help her cope with the pressures of running a business and blending her family with her new husband’s. She looks for homes with direct access to nature and enough bedrooms for all, then researches how close they are from the ski slopes, shops and the local bar.

She shares her favourite listings with her husband, which she says is “like making drip castles in the sandbox with your bestie.” Recently, they found a home they like so much near Steamboat Springs that they visited it—and then bought it.

They have no plans to move right now but plan to visit often. Uslander says that just owning it makes her feel that her current stressors are temporary.

“I actually made the fantasy come to life,” she says.



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Australia’s luxury property market is being quietly reshaped by one of the most significant wealth expansions in the world. 

According to Knight Frank’s latest Wealth Report, the country’s billionaire population is set to grow by 77 per cent over the next five years, rising from 48 to 85 individuals. 

That surge sits within a broader wave of wealth creation. Ultra-high-net-worth individuals, those with more than US$30 million, are forecast to increase by nearly 60 per cent to over 26,000 Australians by 2031. 

Globally, the pace is accelerating. The report reveals that 89 new ultra-wealthy individuals are created every day, a figure that underscores a structural shift in capital formation rather than a cyclical upswing. 

For luxury property markets, this is not just a headline number. It is a demand driver. 

Australia’s wealth story is increasingly underpinned by diversification across resources, finance, technology and services, creating a depth of private capital that is both mobile and strategic. 

And mobility is key. The ultra-wealthy are no longer tied to a single market. Instead, they are operating across multiple global hubs, maintaining footholds in cities like London, New York and Singapore, while using Australia as a stable base. 

In this environment, real estate becomes less about shelter and more about positioning. Trophy assets remain desirable, but capital is increasingly being deployed across the full risk spectrum, from long-term holds to value-add opportunities. For Australia, the implications are clear. As wealth expands, so too does the expectation of product, and the locations that can attract it. 

The billionaire effect  

While property remains central to wealth preservation, the latest data shows that capital is increasingly spreading across luxury asset classes, albeit with a more disciplined approach. 

Knight Frank’s Luxury Investment Index recorded a modest 0.4 per cent decline in 2025, signalling a stabilisation phase after several years of correction. 

But beneath that headline number is a more telling shift. Collectors are moving away from speculative buying and toward assets defined by rarity, provenance and cultural significance. 

Impressionist art led the market, rising 13.6 per cent, buoyed by landmark sales including a US$236 million Klimt painting. Watches also performed strongly, up 5.1 per cent, driven by continued demand for brands like Patek Philippe and Rolex. 

At the same time, more volatile categories have corrected. Whisky values fell 10.9 per cent, while parts of the fine wine market have softened following pandemic-era highs. 

Perhaps the most notable trend is behavioural. Younger investors are entering the market through fractional ownership platforms, gaining exposure to high-value assets that were once out of reach. 

For property, the parallels are clear. The same focus on scarcity, narrative and long-term value is increasingly shaping buying decisions at the top end of the residential market. 

Global wealth  

The growth in billionaires is not just increasing demand, it is changing where that demand is directed. 

In Australia, Brisbane has emerged as one of a handful of global cities experiencing rapid change in its luxury positioning. The city’s transformation is being driven by infrastructure investment and the 2032 Olympics, with top-end apartment prices rising from around US$6 million to more than US$10 million in just 12 months. 

Luxury price growth has remained steady, with Brisbane rising 2.1 per cent in 2025, while the Gold Coast recorded 2.8 per cent. 

At the same time, buying power is tightening. US$1 million now buys 5 per cent less in Brisbane than it did five years ago, reflecting the upward pressure on prime markets. 

The trend is not confined to capital cities. Regional lifestyle markets are also capturing attention. Geelong’s waterfront has been identified as one of the world’s hottest luxury residential markets, driven by a combination of coastal amenity, infrastructure and relative value. 

In these markets, pricing is no longer the sole driver. Lifestyle, accessibility and long-term growth are increasingly shaping buyer decisions, particularly among globally mobile wealth. 

Alternative luxury assets  

Beyond residential property, high-net-worth individuals are continuing to diversify into alternative assets that combine lifestyle and investment potential. 

One of the most compelling examples is vineyard investment. Knight Frank’s Global Vineyard Index highlights the Barossa Valley as one of the best-value wine regions globally, where US$1 million can secure more than 18 hectares of land. 

Despite a 10 per cent decline in land values over the past year, the broader outlook remains positive, particularly as the global wine industry shifts toward premiumisation. 

This “trading up” trend is seeing consumers favour higher-quality, provenance-driven wines over mass-market products, reinforcing the long-term appeal of established regions like the Barossa and Eden Valleys. 

For investors, the appeal lies in the intersection of lifestyle and capital preservation. Vineyard assets offer not only production potential, but also a narrative — something increasingly valued in a market where experience and authenticity carry weight.