"I've always found it amusing that when the proposal of a large property correction is mentioned that some argue that this will be the 'end of the world'. I don't believe it would be. The world will still go on. "
Sure it won't be the end of the world - but to get in that position the Australian economy would be very sick.
"Some investors will be burnt (badly) and others will be fine. "
Far more home owners would likely be burnt than investors.
