>>508800193
>but there's a buyer who will pay 300k
That's the problem: the pool of people who both will and can has shrunk to untenable levels. Even the old trope about corporations snatching those houses up doesn't hold. They're not dumb; they won't try and catch a falling knife. Median sale price has declined for 2.5 years. Best case scenario is prices just oscillate sideways for 20 years while everyone catches up. Worst case scenario, this thing pukes up 30% over 2 years.