goodbye young aussie home ownership, page-238

"FB, the marginal borrower that would be forced to sell would bring down prices but they are a minority.'

Justis that's exactly the point!

Once you have a seller going cheap it automatically forces the prices of every other property down.

Just look at the US where financially secure homeowners couldn't sell and move because the desperados had pulled the rug out from under prices.

No one is going to pay you any more than they will the cheapest seller.