As long as there is 80% or 75% leverage for smaller or beginner investors that market I think will trundle along just fine.As for high end appreciating markets in my mind that has softened some in the last 18 months..

Based on this, while I do not necessarily anticipate disaster, there likely will be some serious softening in the marketplace...some buy opportunity potentially.  

Use a wallpaper scorer to create small holes in the paper, which allows the solution to penetrate through to the adhesive base.Step 3: use cheap fabric softener to soften up the wallpaper.Step 4: Soak Walls. ...Step 5: Strip Wallpaper. ...Step 6: Clean Walls.

You're probably not going to get much appreciation and if the market softens, you may be underwater.  

Now with a warm bucket of water add fabric softener, I usually do 4:1 and start to wash the paper.

This next link even shows how to use fabric softener http://www.painterclick.com/wallpaper_removal_home_recipe.htm.

I would like to make 3 offers as LOIs, to soften the blow of the much lower price I have to offer.Offer for cash, very low.

So do you also think that interest rates will stay this low when and if prices soften?

Although the market is soften a little bit, Still very low inventory, supply goes up from 0.9 month supply in June to only 1.3 month supply in July 2018.  

If you let sob stories soften you, there is a high risk of getting burned and losing money or ending up bankrupt.