hobo, property may well drop, but I dont see the market collapsing. Again I've said it before, a massive drop 40%+ will mean we much bigger issues than just housing.
If it drops 10-20% people will start buying again, especially if confidence is high and then market remains in turmoil.
the next 5 years will probably present some excellent buying opps.
2008 was a winner for me so was 2000 and 1997.
