Has anyone else seen this?

What does this say about the groupies here with the 20%+ price drop belief?

"According to real estate sources, if a buyer really wants to make a deal, he can negotiate price reductions for as much as 20 percent off the purchase price for condo units in some neighborhoods in Brooklyn. In Manhattan, the bidding and asking prices for sincere purchasers can range from 7 to 15 percent."

That seems extremely conservative - I think anyone actually involved in this process knows that you can negotiate AT LEAST 20% off, not "as much as" 20% off. Of course, it depends on the seller, but I think there are many that would drop their price 20%+ in order to clear inventory. Problem is, they can't even get bids that high.

You know I keep reading that on this site but fail to see any real satistics backing this up.
Maybe just a lot of hope out there.