if prices were to remain flat for 10 years that would also cause the price to fall.
no new property investor in their right mind would invest in housing if there was no capital growth as it would be costing them money each year. so the demand from investors which drives the market would stop.
also the ones who bought recently will get sick of the cost and inconveaniance of holding it and get out.
I agree keen is wrong, housing will not crash from unemployment. Housing is going to crash when the mass's of property investors all try and exit through the door all at the same time.
