I did read that the banks were going to start cutting back how...

I did read that the banks were going to start cutting back how much you can borrow, this would probably drop a few numbers out the lower end of borrowers.

You will probably find if pricing gets to high for people to buy, then mortgages and houses sold will drop. If builders want to keep making money they will have no choice but to bring the price down back into the range of the buyers.

The whole bull bear stuggle as the title of this thread goes, if you look at housing long term 10 or 20 years, from this point you would have to be bearish as we cant stay this expensive forever unless interest rates never go up again, which i dont see happening.

In the short term, i think you could probably do a flip, assuming nothing breaks the economy ... yet