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we've had mmr for about 6 weeks and it seems to be having an impact these are the stages in which i see the different types of buyers reacting: stage 1- people buying with a mortgage can't get the credit so get priced out minimal impact on prices as stage 2- bomad types have their parents to cover the shortfall so continue to pay high asking prices once they hit the limit stage 3- cash buyers carry the market as credit is not an issue to them lack of effective demand puts downward pressure on prices until stage 4- foreign investors realise whats going on and then the party really gets going i believe we're currently at late stage 2/early stage 3 once price falls show up on the stats things will really get interesting any thoughts/opinions?
