I’m not so sure you should jump up and say all these people were/are wrong because some greater fool bought a depreciating asset. Still think the property is worth $870,000 today? I’m not so sure. If you’ll note, most of the responses you referenced state the decline may take YEARS, not days or weeks. I have a cousin that lives in this neighborhood, and I’d give you mid 700’s low 800’s for their place right now, but I don’t htink a future value of low 700’s is out of the qestion.
