And then there are those of use who have closed on REO property, where the agreement was signed within the first 2 weeks of listing, where the bank accepted an offer that was more than 15% below the listing price ...But it is true that initially the banks are stubbornly clinging to their notion of what the price should be, and that they become more flexible on price over time.

I have also come across some who were still dragging things out, and at least one who has gone into a fresh bankruptcy as well; so some still stubbornly hang on and refuse to sell.

I've heard from many successfull old timers say that they dont buy unless it cash flows and that is stuck in my head.Even thought this scenario doesnt meet my cashflow requirements, I feel i'm passing over an easy 15-20k profit because i'm stubbornly sticking to my cash flow requiremnt and not making the higher offer.Would those more expereinced than I take a little more risk, pay the higher price and flip for some quick cash OR stick to your guns, pass over these deals, and wait for the deals that both cash flow adequately(70 GRM) and allow for instant equity.Hope this makes sense.

Stubborn - "I showed him 10 houses and NOT a single offer!

Either they have a plan or they are too stubborn to take what they can get.

Unemployment will be stubbornly high, but it will fall at some point next year.

Im too stubborn for that sort of thing haha (sometimes).

Mark Twain said it best: “Facts are stubborn, but statistics are more pliable.†:cool:

Mark Twain once said: "Facts are stubborn, but statistics are more pliable."

You have 2 very stubborn countries that are not going to give an inch.