home sales fall 16 percent in 9 months, page-38

which generation exactly are you talking about

the boomers have been buyers since the mid 60's...so 40 + years of house price information...with the 90's hit on the wealthier homes as a backdrop
gen X ...only half have been out buying, but they too have over 20 years experience....some may have picked up bargains from the 90's
gen Y...only a few have taken the plunge, or are in the market..

most of the buyers...home owners have enjoyed owning their homes.....the price movements mean very little to most of them...whilst they got on with and enjoyed life...upgraded, downgraded, raised a family etc

Its only been the huge emphasis recently, on the inner city price rises, that have captured all the attention...from gen x.....
gen x stayed home longer, almost into their 30's...now they have woken up, need to find their own pads, and shocked at the prices....
all the noise is about the inner city prices....as if it were the price for all of the city...vastly different when they look outside the square they are stuck in....
there are plenty of affordable houses out there...just 20 minutes away...