Braving a dismal apartment market
Los Angeles Times
By Morris Newman
... Discouraged by market conditions, apartment investors who bought property in the "up" market may choose not to sell, while those who are selling may stick stubbornly to unrealistically high asking prices, says Tracey Seslen, assistant professor of clinical finance at the USC Marshall School of Business.
"Some sellers are doing the ostrich thing," she says, "not really wanting to cut their losses and move on to the next phase into their investment strategy."...