Have you been down my road or are you just hypothesizing?  

Let's hypothesize the owner made the bare minimum mortgage repayments and then accumulated fees and interest and that mortgage is in the vicinity of $80,000.

You can introduce an appreciation factor if you wish (& many of the graybeard bay area REI often do), but it's not necessary using the numbers you hypothesized. 

Any hypotheses on why this might be?

I'm sure you know the adage: there are 3 sides to a story the 2 opposing views, and the truth.It's my nature to read a lot of stuff, formulate my own hypotheses, and to test them.

I need to educate myself before hypothesizing about what I want, etc.

It seems that I am having little success mailing to people within two or three days of the NOD being filed, and from the calls that I have generated I would hypothesize that this is because most people still think there is another answer other than selling.

Looking at it from this perspective allows us to simplify the problem by characterizing our hypotheses in the language that serves as the basic building blocks of how our markets come together to set prices.

I don’t have the data to support this—but I’d hypothesize that a larger number of folks who lost their jobs we’re renting, not owning.

You couldn't be bothered to use a 50-year-old weed control chemical on an overgrown yard because you believed some quack somewhere that told you it might cause cancer.Now you're hypothesizing that your dirty tenant brought a breeding population of rats with him.Come on, Peter.