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So here's a data point for you.

When I wrote this post I was talking about this house. It didn't sell in 2016 at $1.8m. It's up at $1.5 now and Redfin's algorithm thinks the list-to-ask at those prices right now is under 1.

Check it. The Redfin link in a 4-year-old post is live again. They even recycled most of the photos 'cuz no way the lawn looks like that right now.