I was convinced that prices must come down back in 2008, and still think they should have done. What I wasn’t aware of at the time was that our national obsession with ever increasing house prices would win over and we’d bankrupt the country supporting them via the banks.
While I still think prices need to drop a lot to something more inline with earnings and not fantasy borrowing, I think we are too far down the rabbit hole now. If “they” wouldn’t let it happen in 2008 there’s no chance it’ll happen now or any time soon.
My completely uneducated opinion is that “they” will try to inflate the debt away, hopefully not Weimar stylee. If I’m right (and I’m probably not) then if you do sell, buy something else rather than leave the money in the bank!