Elf,I'm going to be a stereotyped stubborn bugger and not let anyone buy it for less than I want for it, which is the main reason that houses sit for a long time on the market and the reason that bubbles like this can take really long times to pop - stubborn sellers.
Simple equation isn't it really...
Interest Rate Cuts = Reduced Forced Selling
Reduced Forced Selling = Stubborn Buggers on price
Stubborn Buggers on price = floor under price
Floor under price = no bubble popping
Well, I think its simple...
Cheers,
Michael