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This is assuming the seller can maintain the carrying costs of the house, an assumption that is currently holding true.
by hkmurakami 6y ago
This is assuming the seller can maintain the carrying costs of the house, an assumption that is currently holding true.
- dredmorbius 6y agoWhich is a reason for downward-sticky moments to end in a capitulation: psychological denial prevents early sale, liquidity crunch and insolvancy necessitates a later one. Even non-distressed asset classes can be swept up in the quest for liquidity, an observation of J.K. Galbraith's in The Great Crash: 1929.
- bluGill 6y agoThe few who can't are those who sell for 5%, supply and demand, price drops make the supply drop. Those who can afford carrying costs seems to be selling but in practice are not because they won't accept any offers.