no way 60% of 1997 prices unless its 1997 which it isn't.
60% off 08 09 10 prices i can see that happening at some point.
Property went up % per year (depending on your state or city)
This happened slowly, not fast (on a 10 year scale).
So it will come down slowly, nothing will happen over night.
A lot of people out there think the sky is falling for some reason, its not, its just starting to spit, then wait for the down pour in a year or three.
