5 years since the gfc, page-17

"people are not going to be paying $600k for 2 bedroom apartments in not particularly great suburbs. More like $300k"

What is it with the bears. Here's a 50% drop claim thrown out just for effect, with little thought of the reality.

The trouble is you always focus on the demand side (you) but you don't consider the sellers, builders/ developers will not even entertain you. They just don't go into the business of supplying you half price apartments.

Supply dries up, they go out of business before they supply product as ongoing losses, just like ANY product or service.

If they (you) don't want to pay, they won't be there for sale.
They be somewhere else, different location, different offering...changing to meet market needs and dynamics

You need some basic education on supply/demand economics.