1)It is not true that there are only  cash buyers as i myself know people who have taken loans and bought. Why are they then advertising 20-30 years loan?
2)30% drop is a crash, price corrections do not suddenly go 30%. If you had invested 1 crore in 2011, you would be down by 30 lakhs now. If it was your own cash then bad for you. If that was borrowed, then bad for bank and country.
3)It is not true everyone dreams to own land in kathmandu. I dont. And many people i know dont also.
4) The reason people are waiting and seeing is because the party is over.
5) My whole argument is based on borrowing from banks and i believe that is the case. However, if most are cash buyers then it wil not be so bad.