Housing crash, page-222

Exactly right. The majority have learned and become more sophisticated, i think the internet is largely to thank for this. We cant exactly just hand back the keys like the USA. Selling is locking in losses and we have 80+ years of history to show that if you can ride out bad times you will be fine. Hence the majority will cut back all the luxuries needed to hold onto the family home.

If your an investor you may look at dropping some of the dead weight in the portfolio to free up cash for opportunities - but the numbers show anyone with more than 3 IPs is a VERY small part of the market.