One more of those good intentioned but self destructing bits of advice.
If they all sell, sales prices will plummet. Remember they have to sell it, and it has to be priced to sell. If it takes 6 months for them all to sell, prices will drop like a rock in that time and entirely cave in the market. then they all will have to rent, and that will … guess what … drive up the rents … a lot. The first of the sellers will be the first of the renters too and will make like bandits till their landlord starts reading the news paper (now isn’t he supposed to sell as well ??? OK lets say its an apartment complex and converting to condos to sell isn’t an option) … and there goes that savings. This is identical to the “everyone needs to buy a house now because you are gettting equite and interest rates are so low” idea from the NAR.
Cool.
Cow_tipping.