[gjmulhol]

Property prices are also tough to predict as preferences change and the general buying power of the economy changes. A major issue with the most recent housing slump is that many young people, who would be first time homebuyers, are choosing not to purchase a home. This is reducing liquidity for those that would normally sell their starter homes to them and upgrade. While general property values will probably rise, it is a very illiquid asset class and highly dependent on geographical preferences.