Would you believe BHP share price would drop more than 50% down to as long as $20 when BHP share price was $50? The reality is that BHP share price went down from $50 to $20 in only 6 months time in 2008.
As long as more and more housing perperties are traded as investments, housing property prices would be more and more susceptible to economic conditions, and the width of price fluctuation would be larger.
If housing properties were mostly bought for owners themselves to live in, then the price fuctuation would be much smaller.
Real estate bubble burst is not new at all. It has happened in Hong Kong, Japan and more recently USA.
We should be prepared even if it doesn't look imminent.
