A Mexican stand off – that makes sense and would explain why there is so much REO in 92109. From the other postings it looks like the exact dynamic you propose has now started in Mira Mesa:
Any view regarding the tipping point allowing the first major off-peak sale to occur? What causes the REO manager at a bank to green light such a sale? What causes them to wait and let it build? Seems to be major first mover advantage if you know that sooner or later someone is going to acquiesce.
