An interesting thing to understand is that your apartment is "worth" 1.2 only because someone is willing to buy it for that much. Sounds like you are s young fa

An interesting thing to understand is that your apartment is "worth" 1.2 only because someone is willing to buy it for that much. Sounds like you are s young family, who are your new neighbors? Are they folks like you or are they the proverbial foreign investor? Because the way I play this out... imagine you list your apartment for 1.2 but nobody can afford it so it stays unsold. Your neighbor lists for 1.1 and it doesn't sell either because nobody can afford that. Eventually you go oh shit it's never going to sell, lower it to 1.0. You play that game until it's low enough for somebody to afford it. It's kinda crazy to think about it but the reason homes are so unaffordable is precisely because enough people CAN afford them at this price. So yeah I am curious, who are your new neighbors?