"This will spoil ya real quick if you're a buyer"

I sometimes watch videos by a quirky California dude goes by the name "Jim the Realtor". In this video, he walks us through his "Comp Killer" theory... one low REO sale that can freeze up a local market.

He also says something else interesting after the 3:00 minute mark (about 3:40). He calls the house "really nice" and that the folks who flocked to it and did not get the house will be "spoiled" now for seeing it. They will want the same deal on the next house... True.