the economist and the housing bubble, page-19

Moneytree,
I'm sorry that you didn't buy a property when they were alot more affordable(as that's what it sounds like to me, sour grapes) but you have to remember alot of investors did.
Now that many property prices are 100% more than what people paid, do you think these people give a rats if the price falls 10-20%, don't think so.
All it allows property owners to do is buy another property with the increased asset value of that property when they deem the market to have bottomed or they find the right property at the right price.
There is always going to be owners and renters.