Know where your coming from Andrew ,but these people who sell their houses are selling to house purchasers so we still have home owners ,so the merry go round goes on .The govt has commisioned thousands more houses to be built to boost the housing market ,to aid the building trade etc etc as this has a knock on effect ,and these houses are being snapped up by people .The main difference in the housing market now as oppose to a few years ago is the fact you have to put a hefty deposit down usually 20 - 25% which when you look at it logically is a good idea as hopefully it safe guards people from negative equity which was one of the main culprits which got us into this mess in the first place ,people were borrowing more than they could afford.Sorry to diverse ... the customers I come across have still got money in their pocket because of low interest rates on mortgages ,but shop around a lot more now, so it is our job to make sure it is hopefully us they choose .