So we have the bears predicting 40% drops, and the bulls predicting stagnate price changes over ~5 year time frame. Of course a stagnant price over 5 years at say a 3% inflation rate represents a drop of around 15% in real prices, so not too bad!
If one thought they would be stagnant for 5 years (even in real terms!), wouldn't waiting to buy be the way to play it? Way bigger deposit to bring to the table then, for those of us that don't like debt.
