| One thing could be that it's better for the banks to sell 1 house at 100 than 2 houses at 50, ie there is more debt generated by 1 house at 100 than 2 at 50, means more money for the bank, that's why it's better in the long run if there is a shortage of houses rather than too many of them. So I guess they'll rather let them decay than sell them at a large discount. | 