No its not hard to grasp. But if there is risk that it would fall further, after a fall of 20-25%, the risk of it falling much further is lower than when it was at 20-25% higher is it not?
Also most of the risk is not in the price of a property. Its is in the ability of the borrower to service the loan and the risk of default i would have thought. So since prices and mortgages are lower and affordability has improved, the risk of non servicability and default would be lower. Unless that is the economy is expected to tank further..
