Banks are hyper conservative cause of artificial value increases in the past.

What you lose is the economy of scale when doing everything at once, but you don't artificially create 100% vacancy. 

A bit like a shop discounting something by $100 when they had artificially raised the price, first, by $150. 

We were one of 17 offers (priced artificially low for a bidding war).

HOA/PUDs around during the 2016 fires may also be artificially high due to special assessments from fire damage be sure to check that as well.

Frustrating, but lying to people with artificially high offers wasn't my thing. :-)

This preserves rural lands but creates an artificial price influence too.  

1st rule of investing; don't lose money, rule# 2; see rule #1 Warren buffetIt is healthy to be cautious, especially in such a cyclical industry and especially after 10 years of artificially low interest rates.I blame all my fails on not being aware of where we are in the cycle, and acting accordingly

They may have even been burned bad during the crisis, so they are sitting on artificially high prices, and they aren't getting the demand, because the numbers don't work.If the numbers work, then you know something everyone else doesn't, or the areas may be rougher than you think.

The Federal Reserve has been keeping the rates artificially low.