Signing contracts with no ability nor intention to close is FRAUD BY INDUCEMENT.

And that regret is dangerous because it induces sunk cost bias. 

As stated, there HAS to be a discount to induce a buyer to put up with the uncertainty of this process.

Usually, they are a person somebody would recognize, and that they merely probing for ways in which to induce the next come back on their investment.

If you go to a car lot and buy a used car, the owner does not have to make the false statement to you to induce you to buy a car, an agent of his can do that and it can be used against the owner. 

Don't be misled about markets like OKC, Tulsa, and Wichita . . . they putter along predictably at 2.5%-3% rates of appreciation (throwing out the Gov Induced Insanity of the past 3 years) but the ticket with this is that the appreciation is something you can take to the bank AND the fundamentals of the area are rock solid.

1996 Ford Crown Victoria - economy transportation that does not induce tenant envy.

Anything wet or rain induced under the foundation you need to avoid it.Good luck

What's not to like, the Fed's goal is to induce inflation, this will accomplish that and I'm sure China would have no problem loaning us the money as most of the money would buy crap made there and they're looking at an economic slowdown themselves.

I have friends that do this today, despite having first hand experience that should have induced them to think otherwise.