cyphire,
Their times frames arent 10 years they are the rest of their lives. None of these families are monocle wearers walking around with bags of cash. They are owners of relatively unexciting family owned businesses that built up wealth from nothing. For the most part they have never lived extravagently in their lives. They are in their mid to late 50’s and heading toward a retirement they have looked forward to for many years. No one is going to take this away from them and nothing can.
These are conservative people who in one example want nothing more than to spend every day of the rest of there lives walking down a certain beach they have visited for years. In this example, they had a 4 block radius where sales are rare. A short term loss of several 100K in their homes value wont change a thing for them.
These are far from the only kind of clients I have. I work across all price ranges. I have found it nearly impossible to work with buyers in more reasonable price ranges as I believe prices are coming down, just not as fast or as low as some around believe.