3 ms·
A house can be priced as high as it wants...if no one can afford the mortgage then I guess its just going to sit there with a For Sale sign for decades?
by vinyl7 3y ago
A house can be priced as high as it wants...if no one can afford the mortgage then I guess its just going to sit there with a For Sale sign for decades?
- MattPalmer1086 3y agoIn practice that's kind of what happens, barring an economic shock that forces people to sell. House prices are very sticky on the way down. People simply don't sell rather than take a loss, unless they are forced to.