slow melt in house prices to go on, page-10

""Property bulls tend to ignore transaction costs."

No we don't. It it because of these very costs that people will tend to hold unless they are forced."

Hahahahahahaahah

Just the same way as the myth of non-recourse loans being the reason the US property market crashed?

Well, when push comes to shove and the negative equity maaate fairy comes to town, there will be enough forced sales around ...