What I am saying is that I believe personally with 100% certainty that prices will decline AT LEAST 10% and I think there is a good possibility of a total 20% decline, therefore a 10% below asking is a safe bet. I personally do not think prices will decline further than 20% hence even an offer at 10% below is a gamble in my opinion but i’m willing to be upside down 10% for a bit if it means I can get into a home now.
However, I will NOT get into a home at asking prices because I do not want to expose myself to a 20% decline which I think is just way to steep to recover from without waiting a very long time.