Builders and developers have been making huge profits so don't worry about them
All the debate about prices going up or down relates almost exclusively to investors and first home owners not owner occupiers who want to shift and live there for the next 20 years.
People who want to shift to another area or a different size house should not wait they should get on with life.
The reason is if they sell their house for 50% less than what it was previously worth and if they buy an equivalent home for 50% less than what it was previously worth they are not worse off, they are financially in the same situation.
If they sell and then rent for a while they are taking the gamble that the prices will drop further, they probably will but what if they don’t.
Don’t be greedy in certain circumstances this can be a good time to buy.
