Lake Pepin Topics: Shadow supply

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	Name:	John C -
	Subject:	Shadow supply
	Date:	10/2/2009 5:16:34 PM

Yes there are folks waiting to sell when things turn towards a seller's market. i have talked to them.

But, for what it is worth, I talked to an = if not greater number during 06 and even 07 who were trying to time the absolute top of the market. They wanted to hold for "just one more year" of appreciation even though I was telling them the tide was turning. So you had people that missed out on selling entirely because they held out for too long. That is what I am telling buyers now. Better to buy at 99% of the low than to miss it entirely and wait until everyone knows it's back up. When everyone knows, it's no longer a secret, and prices have adjusted accordingly.

So my anecdotal evidence says that the market is balanced by these two groups, as well as their counterparts in the demand curve.

Other messages in this thread:

View Entire Thread

LM RE sales clinch win vs 2008 - John C - 10/1/2009 5:10:45 PM

LM RE sales clinch win vs 2008 - Toni - 10/1/2009 9:10:48 PM

LM RE sales clinch win vs 2008 - roswellric - 10/1/2009 9:44:10 PM

Shadow Market? - John C - 10/2/2009 10:28:56 AM

Shadow Market? - roswellric - 10/2/2009 11:15:10 AM

Shadow supply - John C - 10/2/2009 5:16:34 PM

One more thought - roswellric - 10/2/2009 11:18:25 AM

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