Don't think the government will allow this to happen because they know country will be doomed if it does. They will do everything possible until there last breath to prop up the market. So far the interest rate is concerned they will keep it low as long as possilbe just like Japan is doing.
Was holding back for the past 5-6 years hoping the prices will fall but now it seems so obvious that it won't happen. I think the price will remain the same rather than fall. Will it really make a huge difference if the price falls by 1 or 2 percent in the coming years? Sick and tired of paying rent now.
