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House prices down 'nearly 40%' ?

By oldmanbitter at 10:10, Mon January 10 2011, in Buying or selling - 10 responses

"If they did that I would agree there would be a hugh decrease!! But this would not give a true idea of what the house price should be, it would only flush out what cash people were willing to invest/risk"

Is that not exactly what house values are though! - The cash that people are willing to invest?? Is not the monetary value of anything only what someone will pay for it?
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House prices down 'nearly 40%' ?
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Re: House prices down 'nearly 40%' ?