for good properties, when the unlikely guy defaults or sells cheap, surely got investor waiting to catch in today's market. for bad props good luck in the auctions. 40% unsold by dev is unsurprising which we see in the desperate race to larger and larger discounts. yet if the developers do not go bust and investors are still ready to catch the falling apples the market should find equilibrium instead of free falling like this article suggests. as said above FMT is always 3rd rate sensational news, take with pinch of salt.

for most investors liquid cash is the one most limited resource. so lower is correct.