5 ms·
This very much applies to housing as well. The number of people whose houses are listed for more than 6 months has to be a record high.
by jpdoctor 14y ago
This very much applies to housing as well. The number of people whose houses are listed for more than 6 months has to be a record high.
- Domenic_S 14y agoThis is a function of a few things. Here are a couple reasons that happens: -Their mortgage is close to underwater. They have to sell at an objectively high price to get out. -They're trying to short sell under an agreement with their bank. They price it intentionally high to keep it from selling.
- jpdoctor 14y agoSure, but there is a third reason: People have a very tough time admitting a loss. And it's not like those prices are going to come back in our lifetimes (if you're on the coast).