>>> However, that chart alone is very compelling because it shows something that you don't see anywhere else; declining housing price.

I find it strange that you would think that. I would expect accommodation prices to drop in the vast majority of areas. Obviously, I am biased the other way because of the places I know.

The economy outside of major cities is pretty bad and it's only getting worse.

P.S. There is also a matter of timespan. If you look at 20-30 years, everything is going up. If you look at 1-5 years, it's stable or going down.