In the face of everybody admitting calamity in real estate, I wouldn’t call myself a bear, but a realist. 5 months on the market and counting for that one particular condo. And it’s somewhat nice in a good area. If there is such pent up demand, that should have been sold long ago, wouldn’t you think? I wouldn’t expect free fall prices overnight. I’m just thinking as a business person. Keep some place sitting empty that is making me no money or reduce the price, write off the loss, take the money and move on. There is no emotion involved.
