.."Weaker apartment market conditions may encourage selling by investors struggling to meet their mortgage payments or those who want to limit potential capital losses in an environment of falling prices."
The last sentence of this article explains simply how a deflationary spiral can start with the most leveraged speculators then feeding down the debt chain to the most marginal property investors and first-home buyers then to the wider housing market. This is when FOMO becomes FONGO and the resultant panic selling into a market where few buyers are willing to borrow and few banks are willing to lend creates a systemic house price collapse.
