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>>They won't sell at a loss. If prices go down they just won't sell, This is absolutely false. Many people have sold at a lost over the years for many reason
by syshum 5y ago
>>They won't sell at a loss. If prices go down they just won't sell,
This is absolutely false. Many people have sold at a lost over the years for many reason including job relocation, family issues, bankruptcy, etc et etc
That said Pricing going down != loss, for example I bought my current home 5 years ago, I bought it below market value, and after 5 years of value increases prices would have to drop more than 20% for me to sell it for less than I paid for it, and much more to "take a loss" if you calculate profit / loss properly factoring the value of shelter provided (which no one does)
>>People treat their house as a retirement fund, or just an investment.
That is a problem society has yes...