'As with many other investments, like shares, people will start posting a prediction of ridiculous increase in price when the market is at the top. But that's not what happen now. What happens is the other way around'
By that rationale, the market should have been at the top for 12 years. People have been talking about and posting about ridiculous price increases for years in property and it has happened and continued to rise. If you take this into account, this theory hasn't worked on the way up why should it work on the way down?
I predict people to talk about and post about falls for years and years, and guess what, the prices will also probably fall for years and years. The property market is not a liquid fast moving market like the ASX.
Believing the market has bottomed because there are bearish posters here is IMO simply nervous bulls trying to come up with reasons why they shouldn't put their IP's on the market today.
