In the downward stage of house prices, why does the speculative group still hold the house and not sell it?

In 2021, the regulation of the real estate market is extraordinary, and this regulation is not only long-term, but also resolute! Some cities have already cut house prices!
All the roads to buy a house are blocked, and the central bank directly cut off the mortgage from the credit end, which can be said to be a fatal move! Don't say three, four, five or six lines, that is, the house prices in first-tier cities, at most only slightly rise! This is enough to show that house prices have remained stable! There will be no big increase in the short term!
So, why is the speculation group not out of gloves as soon as possible to escape?
I've summarized the following reasons:
1, it is too late to retreat, under the government's high-pressure regulation, in addition to just need to buy a house, investors mostly maintain a wait-and-see mood! At this time, the speculation group is too anxious to do it, plus the people are buying up and not buying down, not that the house speculation group does not want to sell, but the house cannot be sold at all, the quality of the people is getting higher and higher, everyone understands the logic behind the house very clearly, and no one will do the wrong.
2, there are some people, still feel that house prices will rise, because, tomorrow and accidents, you never know which one arrives first! They feel that the house is still the most valuable investment product at present. Because they believe that this is only a phased regulation policy, holding real estate, and having a solid heart, this type of population is currently the majority. Because there is no loan, there is no pressure, put that rental is also OK, change to cash, and invest in what?
3, there is a kind of investor, they invest in real estate as a hen to lay eggs, a steady stream of cash flow, whether you rise or fall, has nothing to do with me, my purpose, is to lay my eggs! The money is also put away, I buy a set of school district houses every month to collect a few thousand yuan rent is not fragrant?
4, put money into real estate, can offset the risk of inflation, which is why in the United States, Japan and other developed countries such as a house is difficult to find this year, everyone sees the risk, so they have bought houses to avoid risk.
However, I would like to remind everyone that this time the regulation is different from all the previous regulations, and it is fatal! Therefore, if you have the mentality of adding value by paying a down payment, you must be especially careful!
Also, if your property is in the first-tier or mega-first-tier cities, I personally believe that it will not depreciate! House prices will remain flat!
The above only represents my personal views, if you have any ideas, please discuss in the message area! Thank you! Follow me and launch a lot of property information every day that you may not know yet! You can also go to the public account "Meijie said room" to search for onlookers! Thank you!