Stupid people, very stupid people.
Sorry, but I feel it is my turn to come in. I have been watching the posts in this forum for some time now, and I have always resisted the temptation to post, but now I just have to.
There is not going to be a house price crash!! All this talk of 50% here, 40% off there - not going to happen Im afraid. The best you will get is a further 5% before prices start to go back up, probably by the autumn. If you have not got a house, be sure to get one now or you really will miss out on a golden opportunity. House prices are low at the moment. Do you really think the government is going to allow people to lose thousands on their homes? Course not, I know as I work in a public sector department dealing with this every day. The staff in my department are working very hard to ensure measures are being put in place to stop people from losing their houses. There will be limited forces sellers - the only ones we know of will be those who have to move for personal or employment reasons, but usually they are in a good financial position anyway so no matter.
Its now or never.