[TomGullen]

> Yeah they know that their property is falling apart but they won't buy under $value because they bought it at that price or similar reasonings.

That sounds like part of a chain of dominos to me. I'd imagine given time this would be less common.

[iagovar]

Given enough time some properties would be basically worth less than 0€

[HPsquared]

People with big mortgages can't easily sell, as they need to raise enough funds to pay it off.