Exactly. And with a reduced demand for local housing because of dramatically reduced federal payrolls,, who even needs a house in that area? Dramatic increase in inventory + dramatic reduction in demand ... there will be a lot of pain. And as you say, who wants to grab at a dropping knife?
Exactly. And with a reduced demand for local housing because of dramatically reduced federal payrolls,, who even needs a house in that area? Dramatic increase in inventory + dramatic reduction in demand ... there will be **a lot** of pain. And as you say, who wants to grab at a dropping knife?
And as you say, who wants to grab at a dropping knife?
I wish I was clever enough to come up with that phrase.
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And as you say, who wants to grab at a dropping knife?
I wish I was clever enough to come up with that phrase.
I didn't come up with it, the real estate industry coined it long before I got involved with RE back in 2004. It's a great phrase that says a lot to describe that particular market situation.
I didn't come up with it, the real estate industry coined it long before I got involved with RE back in 2004. It's a great phrase that says a lot to describe that particular market situation.
Definitely a great way to describe it.
Definitely a great way to describe it.
Never heard the real estate thing.
Every restaurant I've worked in since 1976 has taught to let a falling knife fall.
Never heard the real estate thing.
Every restaurant I've worked in since 1976 has taught to let a falling knife fall.
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