rrm...for 70% of the prop owners its the family home they live in...they are not likely to start moving house or trading due to the markets... only 20% of the housing market is held by prop investors..think the majority of those are of the older age bracket...not the young guns you find in the stock market and a lot of those older ones have been burnt by the stock market... I cannot see the older prop owners doing anything much different in the next 10 years....in fact they may buy more props of course my theory could be wrong..time will tell