I kind of agree with you to a certain extent. Speculators or investors who are looking for a quick exit within 5-10 years are likely going to be disappointed, however, as they have already made this purchase, they are able to adjust their plans moving forward in comparison for prospective buyers who are thinking of whether to commit or not, which is likely to miss out this wave of opportunity as when price hits rock bottom, most often than not, there will be a shortage of units for sale in the market which deprive the supply line and indirectly pushing price upwards again. If your appetite for real estate purchases hinges on long term plans instead of short term gains, I reckon that it is an ideal time to enter the market since we know it has soften quite a fair bit and there will be future upside coming to it, albeit a longer time frame.
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