Recession/Depression?/job losses etc etc etc + less and less mortgages being taken out = Decreasing house prices.
Simple economic fact.
Yet i keep hearing the opposite all the time from those who dont understand economics.
A potential 4 percent decrease/shrinkage in the economy will not increase the value of property.
The value of property will fall and continue to do so.
WE all would like the opposite to happen but to believe it will is like clinging to a sinking ship thinking it will somehow stay afloat.
Everyone who paid cash or signed on the dotted line is or should be aware of the risk involved.