im sure i read somewhere that last year actually averaged a 1% increase in property prices last year 2007-2008 despite all the people saying they are dropping.
certain price brackets are, others are not, if you are in it for the long term go for it when you can afford it, dont fuck about waiting, its allways the people without property that say wait, and always the people with that say go for it. had i waited 8 years ago i would not have the same amount of property i have now, who's to say i will not double them in the next 8 years.