when will property prices go back up?
anamax: > wait until prices go back up, and rent them out in the futureOr sell - rental housing is work and illiquid.  After "back up", there's probably something better to own.> except that in this case, why aren't the rich and wealthy buying it up?What makes you so sure that they aren't?  (I know folks who are.)Also, some may be waiting for a better deal.  For example,http://justoneminute.typepad.com/main/2009/03/give-investors...andhttp://www.marginalrevolution.com/marginalrevolution/2009/03...