If the condos aren't selling, shouldn't we see the prices go down? There's gotta... | Hacker News

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		nemomarx 29 days ago \| parent \| context \| favorite \| on: What happens when housing prices go down? If the condos aren't selling, shouldn't we see the prices go down? There's gotta be an equilibrium at some very cheap rent for them

spicybbq 29 days ago [–]

In the long run, yeah. In the short run, owners can carry unsold inventory for quite a while, hoping conditions improve, before there is pressure to do something (e.g. a balloon payment).

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