> The market is essentially stalled. It doesn't 'clear'. People would rather keep it idle out of the market than rent or sell under price. This theory fails to

> The market is essentially stalled. It doesn't 'clear'. People would rather keep it idle out of the market than rent or sell under price. This theory fails to explain why housing prices in San Francisco fell during the dotcom bust. https://www.bayareamarketreports.com/trend/3-recessions-2-bubbles-and-a-baby https://www.bayareamarketreports.com/trend/3-recessions-2-bu...