Art of living during home price drops

The act of playing close attention to the swings of the residential property prices and their impact on the various stakeholders has prompted me to meditate on mind, philosophy and life in general.

For example, home prices have been on a bit of a rollercoaster ride over the past year. This has caught many homebuyers and investors on the wrong foot.

That's because in the past, the general direction of the prices was up, up, up. The sustained upswing created a wrong expectation that if you invest in real estate, high returns on investments through resale in the future are automatic, guaranteed.