IONEGARM – You take out 25-40% of the buyers, you have the same number of properties coming on the market as before and what happens ? Inventory swells. Too many goods, not enough buyers. That spells price decline to me.
An analogy …
If I own a bakery and 40% of my customers disappear how low do I have to cut my prices to get the equivalent of those customers back and get them back in time to buy my bread before it goes stale and I have to toss it out at day old prices (foreclosure/REO) ?
