[onion2k]

There are three problems with that.

Firstly, if prices crash people stop selling unless they absolutely have to. The supply of houses greatly diminishes which limits your choice. You might be able to afford a cheaper house, but it might not be where you want it.

Secondly, unless you're buying in cash you might find it hard to get a mortgage. Lenders tend to be reluctant to lend when the market is crashing.

Thirdly, (and this is me speculating), if the market crashes the investment companies who are buying houses will buy a lot more houses, very fast, in cash. You'll be competing with the ideal buyer.

I don't believe a housing market crash would be good for consumer buyers at all.

[BeFlatXIII]

There isn’t any hope for consumer home purchasers, is there?