You know if you think about it a little more you'd see that what im saying makes sense, no riddle no twist and certainly no turns just logic. Look at all the other markets that have crashed all over the world..after the 20-30-40% crash banks lend again as risk reduces. First homebuyers in those market have benefites immensely.. For if banks had'nt continued to lend prices will be fall further towards zero. Sound to me like you have LFI nos.
In fact if lenders hadnt continued to lend at lower prices prices would fall to a point where quite a few fHB wouldnt even need to borrow take out a mortgage to buy..
