I thought of that too, I have been looking to buy a second property since last year. Last year, begining of sub prime, start looking. late last year, friends and parents said property price will drop further, so didnt offer even saw some good unit. Early this year, really drop further, still people said whole year will drop another 20-30%, so didnt buy, decide to wait and see. then suddenly from march onward property price and interest suddenly move up, start to offer a few units, but seller dont sell. from then onward, price start to fly. Guess i will have to wait another down cycle.