One part:
“Just try to imagine stock prices staying roughly flat over a three-year period while sales volumes sank because investors considered the market overvalued. Bear Stearns is still worth $150 a share, and I’m not selling until someone pays me $150!”
“That means real estate slumps tend to grind on for years, until sellers submit to reality and reduce their prices.”
One comment:
“Underwater sellers today *have options* other than simply feeding a hungry alligator, and draining their 401ks/IRAs/penions and life savings in the process”
Underwater sellers have “no” options. By refusing to acknowledge the reality of today’s housing market, they’re just dragging out the inevitable: Sell now, or kiss it goodbye.
Underwater sellers have “no” options. By refusing to acknowledge the reality of today’s housing market, they’re just dragging out the inevitable: Sell now, or kiss it goodbye.
Underwater sellers have “no” options. By refusing to acknowledge the reality of today’s housing market, they’re just dragging out the inevitable: Sell now, or kiss it goodbye.
Underwater sellers have “no” options. By refusing to acknowledge the reality of today’s housing market, they’re just dragging out the inevitable: Sell now, or kiss it goodbye.
Underwater sellers have “no” options. By refusing to acknowledge the reality of today’s housing market, they’re just dragging out the inevitable: Sell now, or kiss it goodbye.
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