In a rising market inventory tends to be very thin and buyers more apt to take whatever they can get. In a falling market buyers want turnkey AND a great price. That is what is selling right now. Fixers arent selling and overpriced palaces arent selling. We can express our opinions all we want but that is what’s is happening right now among real rather than “prospective” buyers. When we hit bottom bargain hunters will swarm the fixers in an attempt to be at the absolute bottom. The problem is a fixer is often alot more of a fixer than they bargained for.