Those of you who said they will sit you are correct in my opinion. I think the vast majority of them will simply stay where they are at. If that means it will semi-permanently postpone a relocation or downsize of sometype then so be it. Again most of these people can afford to sit and they will. Their mistake is an emotional attachment coupled with some sort of self entitlement that they deserve simply because of what their neighbors got in the recent years. I think most of them believe a short adjustment is here rather then a prolonged secular change that will run for several years. What is even more disturbing is in some cases (few but some) they will get a sale… there are buyers out there… less then what there were, but there are some and they are spending money here and there.
