It's not that they won't sell at a loss. It's that they won't sell at a loss AND take on a new mortgage with a rate that is 2-3x what their existing mortgage c

It's not that they won't sell at a loss. It's that they won't sell at a loss AND take on a new mortgage with a rate that is 2-3x what their existing mortgage costs to service. Owning a home creates losses of its own. I'd know, with my water heater going out, furnished basement flooding in a freak incident, and a tree falling on my roof, all in the same year. If I could get 3% on a different home, it wouldn't take a ton of enticing. Not doing it at 7% for anything though.