When do home sellers wakeup and drop their prices?

[zzz]

Borat….I understand they don’t think they can “afford” to drop their prices, but my point remains the same because those sellers don’t fall into people who must sell their homes for whatever reason. If you HAVE to sell your house, you better move it quickly and be one of the “few” to drop your price to what might be considered to be a bargain, because when everyone drops their prices, it will be too late.

The banks who held MBS, CDS too long are now in that boat. People were wondering if Merrill was prematurely dumping securities last summer and questioning the move, but now they look like freakin geniuses.

[Eugene]

At this point, increasing numbers of sellers will be reconsidering their decision to sell.

It’s better to live through another Great Depression in your own house. Worst case scenario, you’ll stop paying your mortgage and live in it 6-12-18 months for free.

[Eugene]

At this point, increasing numbers of sellers will be reconsidering their decision to sell.

It’s better to live through another Great Depression in your own house. Worst case scenario, you’ll stop paying your mortgage and live in it 6-12-18 months for free.

[Eugene]

At this point, increasing numbers of sellers will be reconsidering their decision to sell.

It’s better to live through another Great Depression in your own house. Worst case scenario, you’ll stop paying your mortgage and live in it 6-12-18 months for free.

[Eugene]

At this point, increasing numbers of sellers will be reconsidering their decision to sell.

It’s better to live through another Great Depression in your own house. Worst case scenario, you’ll stop paying your mortgage and live in it 6-12-18 months for free.

[Eugene]

At this point, increasing numbers of sellers will be reconsidering their decision to sell.

It’s better to live through another Great Depression in your own house. Worst case scenario, you’ll stop paying your mortgage and live in it 6-12-18 months for free.

[Coronita]

It’s not that they are out of touch with reality.

It’s like why some people won’t ever sell a stock at a loss. They figure that it’s not a real loss until it’s realized…And in most cases, people won’t liquidate until they are out of options. Call it human pride or whatever, but it is what it is.

The difference is unlike a stock, most people in a home are really buying similar to buying on “margin”, where eventually you do have to pay back the the lender.

Loan resets aren’t the only trigger. Unemployment or the fear of it will cause people to think differently. If unemployment is contained (somehow), I’d be surprise to see pretty big price declines rapidly in the more affluent areas. The question though now is whether unemployment will be contained. Doesn’t appear to be contained right now…And that is the wildcard.

[Coronita]

It’s not that they are out of touch with reality.

It’s like why some people won’t ever sell a stock at a loss. They figure that it’s not a real loss until it’s realized…And in most cases, people won’t liquidate until they are out of options. Call it human pride or whatever, but it is what it is.

The difference is unlike a stock, most people in a home are really buying similar to buying on “margin”, where eventually you do have to pay back the the lender.

Loan resets aren’t the only trigger. Unemployment or the fear of it will cause people to think differently. If unemployment is contained (somehow), I’d be surprise to see pretty big price declines rapidly in the more affluent areas. The question though now is whether unemployment will be contained. Doesn’t appear to be contained right now…And that is the wildcard.

[Coronita]

It’s not that they are out of touch with reality.

It’s like why some people won’t ever sell a stock at a loss. They figure that it’s not a real loss until it’s realized…And in most cases, people won’t liquidate until they are out of options. Call it human pride or whatever, but it is what it is.

The difference is unlike a stock, most people in a home are really buying similar to buying on “margin”, where eventually you do have to pay back the the lender.

Loan resets aren’t the only trigger. Unemployment or the fear of it will cause people to think differently. If unemployment is contained (somehow), I’d be surprise to see pretty big price declines rapidly in the more affluent areas. The question though now is whether unemployment will be contained. Doesn’t appear to be contained right now…And that is the wildcard.

[Coronita]

It’s not that they are out of touch with reality.

It’s like why some people won’t ever sell a stock at a loss. They figure that it’s not a real loss until it’s realized…And in most cases, people won’t liquidate until they are out of options. Call it human pride or whatever, but it is what it is.

The difference is unlike a stock, most people in a home are really buying similar to buying on “margin”, where eventually you do have to pay back the the lender.

Loan resets aren’t the only trigger. Unemployment or the fear of it will cause people to think differently. If unemployment is contained (somehow), I’d be surprise to see pretty big price declines rapidly in the more affluent areas. The question though now is whether unemployment will be contained. Doesn’t appear to be contained right now…And that is the wildcard.

[Coronita]

It’s not that they are out of touch with reality.

It’s like why some people won’t ever sell a stock at a loss. They figure that it’s not a real loss until it’s realized…And in most cases, people won’t liquidate until they are out of options. Call it human pride or whatever, but it is what it is.

The difference is unlike a stock, most people in a home are really buying similar to buying on “margin”, where eventually you do have to pay back the the lender.

Loan resets aren’t the only trigger. Unemployment or the fear of it will cause people to think differently. If unemployment is contained (somehow), I’d be surprise to see pretty big price declines rapidly in the more affluent areas. The question though now is whether unemployment will be contained. Doesn’t appear to be contained right now…And that is the wildcard.

[kewp]

It’s called ‘capitulation’ and it hasn’t happened yet.

[kewp]

It’s called ‘capitulation’ and it hasn’t happened yet.

[kewp]

It’s called ‘capitulation’ and it hasn’t happened yet.

[kewp]

It’s called ‘capitulation’ and it hasn’t happened yet.

[Author]

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