heron12,
lest put aside the up/down bull/bear debate for a second.
what do you think would happen if the average australian home dropped 10 times its value to say 50K?
what would happen to the banks, the renters and our economy; be careful what you wish for.
A 10-20% drop to allow more people into the market and to let the overgeared out would be the best thing.
Hoping for a 40-50% crash is well, just hoping for the worst...!
