The current housing market has seen a significant decline in prices, with my previous home valued at a loss of 30%. This is largely due to the initial high prices I paid, which were influenced by the high demand from people who bought similar properties around the same time. The target for my intended purchase is a more satisfactory property, with a better combination of location, environment, and layout. This is to minimize the potential for future losses, should the housing market continue to decline. However, I've found that my ideal properties are often priced higher due to the high demand from, for instance, families and retirees. For now, I'm considering waiting before making a move, given the possibility of further price drops in the housing market.