for all the doubters here (stocktad3r, some gash named damnit) I sold my (MY) house in Marin county for 1.26mln it is public record all you need to do is look in Marin Cty sales....so damnit whoever you are..fuck youuuuuuu
this condo in the market for 1 year and the asking price is still the same and still haven't sold it 30% discount from asking price. and it is sold in one day. nobody in their right mind is going to pay asking price...cause you can't flip real estate overnigh and is not liquid..so is the stock market stocks aren't liquid..
and for people having losses in real estate you don't lose if you don't sell!!! duh! b ut these homeowners decide to reverse mortgage their homes and spend it.