Many people bought right at the top of the market. Some people would buy even if we were in the middle of huge war. There’s no escaping that, but I think we are well into the self-fulfilling prophesy cycle at the moment, and although some people are prepared to buy in some areas, it stands to reason that things won’t improve for as long as people are convinced we’re in the middle the worst economic crisis most of us have ever seen. Anyone with any sense, is going to wait for the first signs of a turnaround before committing. Mind you, common sense was wanting before so who knows?
