""if it falls 40% its disaster for all" a few times before and...

""if it falls 40% its disaster for all" a few times before and finaly when asked to elaborate as to what is it that will really happen...you dont know ? ? ?"

It is not the fall in property prices that will cause the disaster it is the prevailing economic conditions that will cause that level of market wide fall that will be the problem.

"you are forgetting.....banks would've FALLEN ALREADY if government didn't put its GUARANTEE on the money...so...whats to stop it guaranteeing the rest of the debt?"

Now that is the biggest load of rubbish going there mate. No banks here in Australia have gotten close to collapse in recent times. The only thing the bank guarantee did was allow banks to still access more funds easier and cheaper.