I agree that anybody who bought at the peak is f’d.
They will have to eat a big loss, or just stay put for the next 5-10 years. Then again, anyone buying a house should’ve planned on staying there 7-10 year minimum anyway.
I do believe that are a good number of people on the sidelines such as myself. Saving up a large downpayment, waiting to pounch when opportunity arises. Question is are there enough of us to offset the impact of the stuck “wanna be” move up buyers.
