The very top of the market is already plummeting. I am talking about the nosebleed part of the market of 10+ million dollar apartments in new york, london and miami. These are already falling in prices as most hedge funders had a very bad 2015 and decided to liquidate some of their housing investments.<p>This effect should start working itself down the price ladder soonish. In new york developers are already splitting up mind bogglingly expensive apartments to form higher numbers of merely crazy expensive apartments.<p>So I would not be investing in housing that I do not need right about now.