They say that a fool and his money are easily parted. It's not just real estate but anywhere where the buyer is ready to buy anything that is sold to him, he deserves to loose his money. Nothing stops the so called middle class from walking away and not buying but, everyone is just following the herd. You have to buy a new sedan coz. ur neighbor bought one, you have to buy that new flat that you can barely afford because your coworkers just bought flats there, you have buy stocks coz the guy on television / ur broker / ur friend who knows a broker, told you so. And all those things are never going to change.
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