the correct answer is maybe
mature pods will tend to ripen, usually
immature pods will rot or go wrinkly and dry out or some other undesirable action
i just pulled all of my plants monday......the 30 or so that had lots of mature pods got cut and hung in my basement.....already seeing some ripening, and i'll continue to get ripening for at least a couple of weeks
i also picked 3-400 green pods......i've got them spread out on window screens (for air circulation) with a handful of apples tossed underneath (screens are 4-5" off the ground)
i find that spreading the peppers out and keeping some airflow reduces rot as best i can
i'll get 30-40% ripening out of those I suspect....I find red to be the hardest to ripen this way, yellow & peach & white seem to ripen the best.....but even a partially ripe mature red has better flavor than the same pepper left green, imho
FYI last night had been about 48 hours on the screens.....I pulled about 20 peppers off the first screen that ripened.....and i moved another 30 or so more from the two "green screens" onto the ripening screen; the pictures were from monday night.....i'll take a few more when i get home tonight
and i already pulled 6-8 peppers off the hanging plants; NONE of them were showing color on monday