In a rising market inventory tends to be very thin and buyers more apt to take whatever they can get.

sure, but assuming that there are two equal homes for sale at the same time, the fixer is going to be worth less.

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.

isn’t that what i’m saying? you say that buyers want turnkey and a great price, i’m saying that a dump requires an even “greater” price. if a circa 1996 dumpster price *won’t* be offered or even a circa 2000 dumpster, then it wont sell and it’ll simply slide down anyway: “When we hit bottom bargain hunters will swarm the fixers “.

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.

i think we’re surely in the middle of discussing sales and marketing theory at this point. while you certainly have real sales to show for, you can’t deny that the prospective buyers, not just bottom bargain hunters (who are more likely than not to be the investor or flipper types anyway) are apt to become real buyers if given the opportunity. that opportunity is “reasonable pricing”, pricing which really still doesn’t exist.