If the Market is Crashing, Then Why Aren't You Selling?

[Joseph Cacciapaglia]

If you are one of the people on here posting about the market crashing, and expecting deep discounts some time in the not so distant future, then are you selling your portfolio today? If not, why not? Things are still selling at pretty much pre Covid-19 prices right now. A lot of people are talking about waiting for these "deep discounts" to make their next purchase, but I haven't heard about a single investor liquidating their portfolio today. OK, I did have one client ask about it, but then he decided against it. This seems like a pretty big disconnect.

I know I'm not selling anything, and I'm also still trying to pick up my next deal. That seems to be the same position that most of my experienced clients are taking as well. Maybe most of the people talking about waiting for some crash are people that don't actually have portfolios to liquidate. Otherwise, I would think we'd see a lot more properties hitting the market. Is there some other explanation that I'm missing? Am I just in a market where people happen to be less scared? Are there portfolios hitting the market in other locations?