even the optimists are starting to think hmmmm well I might just wait a little while before buying my next investment property. when you only get half the buyers than a previous period you will see sellers start to worry.
i've had a few so if you dont have much time dont read this next bit because I will crap on, but this is how I see crowd psychology works. At my work we have a traffic light where all the pedestrians wait to cross even though there is rarely anything coming. I've been watching the actions of people closely and this is what I've found. If one person starts to cross on the 'dont walk' everyone looks on in disapproval esp if he's youngish. If then one other person follows this usually gets one more following and then another couple and once this starts the entire crowd figures it must be safe and they all go even though 10 seconds ago they were disapproving of this. One time the only two people left was a mentally handicapped person and a very proper looking lady. You could almost see the thought processes go on in her head. It was amazing. anyway, she ended up crossing on the 'dont walk' for probably the first time in her life.
See the analogy? this is exactly how it will work. Nobody wants to be left on the other side away from the smarter crowd. A few experts saying the propery market will go down will see a few analysts go along with it and then the journos will too and before you have it, buying property for investment is a mugs game and that will last for a while.
Imagine telling someone you are going to invest in internet stock. they'll tell you you're a crazy gambler. There may be money to be made there now, I dont know, but the ordinary folk still have in the back of their mind -internet bad, property good.
