When prices start to go down, current homeowners who have been counting their paper profits and relying on them for retirement will put their houses on the mark

When prices start to go down, current homeowners who have been counting their paper profits and relying on them for retirement will put their houses on the market in large waves to lock in their gains, this will create a feedback loop of more supply and even lower prices. There’s simply not enough buyers able to afford top 10 city home prices. If homeowners try to cash in en masse, there won’t be enough wealthy buyers able to support it.