''Like you I believe that the property market will come back up to 20% and then stagnate but that is hardly anything to worry about and it is hardly the end of the world and I wouldn't consider this a crash.''
So a home worth $1,000,000 now will be worth $800,000 in say 3 years but if you sell now and stick it on deposit you will have about $1,200,000 in 3 years time. Assuming rates don't go up? That looks a huge incentive to sell, even if it's only a 10% fall and sideways for 2 years?
