I don’t think anyone commented on the opening line about builders not budging on price. Is that realistic?

Can builders afford to leave how ever many vacant homes they have, empty for years while prices around them plummet?

I don’t think anyone would argue prices where most of the massive new developments have been built are going to be hit the worst. Won’t that just leave the new homes empty longer?

Who cares about a 1-3% lower interest rate for 4 years, if the house 2 streets over, albeit previously lived in, is $200,000 dollars less?