Many of the local Boomers are sitting in houses with equity (potentially lots of equity) so they don’t fit into the ‘overhead resistance’ analogy
These Boomers with equity can still be discussed in the ‘get out even’ category since these people have seen the peak prices reached in 2005 and may have to sell at prices below those peak values
If these Boomers with equity are planning to sell and move on, they will have a ‘get out even’ price in mind – as soon as prices return to that level they will sell – if prices don’t return to that level in a timeframe that meets their retirement planning, they may ‘capitulate’ and sell at the current market price which won’t represent a loss to them
