Amazes me how people can claim only the top can drop
If for example properties in the $1.5mil to $2 mil range drop to say $1mil to $1.5Mil
Then that were already in the $1mil to $1.5mil range become expensive by comparison
I mean if a top of the range car dropped to the price of a mid range car, why would people buy the mid range car.
The only way top end properties can drop and not affect lower ends of the market is if, the reasons the top end falls are short lived and do not have a flow on effect to the rest of the economy.
