So scenario 6 was avoided, a scenario that would have seen housing price falling by 60 % in a matter of a year or two, something similar as in the 1990's Finnish Housing Bubble.
Could scenario 6 be totally avoided? Should it be removed from the probable scenario? Not so sure. The difference will be its duration, this time it could take 3 decades before house price fall by 60% - a scenario that is currently unfolding in Japan housing market.
So what could push Finnish housing price into the Japanese type scenario and see its value slashed by 60%?
"... those recently entering into retirement (aged 65-74) create great inflationary pressures into the economy as their consumption stream outweighs their earned income potential during that time..."