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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: booyaka who wrote (56824)	3/25/2006 2:40:33 PM
From: russwinter	Read Replies (2) of 110194

loath to sell it for any less than $X. > I'm sure there is some of that, but people move and change locations for a variety of reasons, and some people have to sell and they will set the comps even if others fantasize. Then the appraisals will come in lower leading to a whole new feedback loop. We may also start getting to a point soon when the mortgage holder makes them sell. csmonitor.com As for "investors", sitting on an empty house in a declining market with a negative cash flow of 8% a year, is a far worse proposition than just cutting the price a solid 5% or more if necessary and unloading. Delaying that decision will be costly. thehousingbubbleblog.com

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