The worst thing is if half the things you guys say come true. Cheaper houses won't make squat to those who are looking to enter anyway. Because like the good ole USA majority of you 1 won't have a job. 2 if you have a job you will be to scared to buy in case you lose your job 3. You find the jobs you have pay less, so housing will be just as expensive 4 feeding the family will be a higher priority than a better house in a better suburb.
To tell you truth I dont think a few have ever known or been through a full blown recession. Because its the last thing I would wish on anyone especially those with young families or or just starting out. And half of you are gleefully calling for so the bulls suffer, well I suppose we shall see the squeals when and if your wish come true.