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Originally Posted by Wagner
And the comparable properties have been artificially set high. You keep overlooking the fact that lenders and appraisers set the values. Homeowners didn't run around saying "gosh I'd love to pay 500,000 for this place"  I'd love to hear any solution you have to clean up the problem. So far, nobody has offered any just criticized. |
This is where I don't know what else to say except you are completely wrong.
Buyers and sellers set the market. Of course buyers are not running around saying gee I would love to drop half a mil, but there are these people called sellers too wagner. Oh and by the way, they want their money too.