Quote Originally Posted by WhileTheChief.. View Post
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Only if you're a buyer!

If you own your own home, the last thing you want is to see the price fall, or worse still, leaving you with negative equity. For a lot of people, there home is there only meaningful asset.

Think of the news headlines any time you see prices falling - nobody is pleased when it happens.

Building huge amount of new homes is the answer. Problem is, nobody wants them built near them. Environment, roads, schools, doctors etc etc being used as the excuse.

It may be tough on the younger generation, but they will also be one of the first generations where most of them will inherit their parents homes. That was generally only available for the well off previously.
If you have no intention of moving, the value is irrelevant.

If you are planning to move, within the same environment, price falls across the market are largely irrelevant. If you sell your house for a lower price in a depressed market, the likelihood is that you will have to pay less for your next house in that same market.