tag:blogger.com,1999:blog-3294580951502585066.post1909081392820076041..comments2023-10-18T19:32:44.252-07:00Comments on It's just my opinion, I could be wrong: Downside expectations and market effectsNickhttp://www.blogger.com/profile/05587036619182019599noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3294580951502585066.post-87767239870078218562009-03-12T07:33:00.000-07:002009-03-12T07:33:00.000-07:00I believe what you say is exactly what's happening...I believe what you say is exactly what's happening. The thing I can't understand is if most RE professionals and educated people outside the RE world understand this, why don't prices fall faster so that "the argument" works again? Is it a) ignorant market participants, b) underwater would-be sellers who have nothing to lose by waiting and trying to milk one of the bailout measures, c) seller psychology making them prefer to lose money one month at a time rather than all at once, or d) something else? <BR/><BR/>If I had a house I wanted to sell, I'd drop the price to sell quickly because the gov't will eventually lose interest in bailing out housing. If everyone does that, the "argument" starts working again.<BR/><BR/>BTW, it's wrong to pin the bailouts on Obama. Most politicians call for doing "something" about housing, where "something" involves huge amounts of taxpayer money.CJhttps://www.blogger.com/profile/05824987036580158137noreply@blogger.com