I agree, and I was not precise enough. People will tell different stories about them entering into the housing market based on them entering in 2006 and 2009.

I agree, and I was not precise enough. People will tell different stories about them entering into the housing market based on them entering in 2006 and 2009. Someone loosing 15% equity on a geared investment over 10 years are probably not going to say "buying a house was by far the best decision I ever made in my life".