How about over 40% of homes are owned outright. Can you get your head around that! Say you own your house and today its worth $500,000, 12 months time 250, 24 months time 270, 10 years time , who knows? You would not care.You live in it.
Furthermore the comment you make about investors shows how little research and reading you have done on the subject. To suggest that people will sell when returns are not justified belies the acumen a lot of these people have. Low deposit, most caught the wave up, negative geared - which implies good income, leverage - do you really grasp that this is what is the essence of it all particularly over the long term. Don't hold your breath waiting for cheap housing. Its gone - research and get in and catch the next wave WHEN THE TIME IS APPROPRIATE.
The only forced sellers will be first home owners who overextended, others who have some reversal -which happens in any market and foolhardy investors. Most property investors have something most of you do not have and that is called get up and go.
