And if you held this property now. How much would it be...

And if you held this property now. How much would it be worth.
Yes property may have negative growth and lets say it drops 20% which is more than double the highest drop historically. If you have bought well over the last few years, your house price will have increased by a hell of a lot more than 20%, in some cases 100% so you should be able to weather any downturn.
If you buy now, look at improving a prperties value by 20% by painting, putting a fence up, or renovating and this will give you a saftey buffer.
The people that believe the market will colapse are dreaming, you only have to look to Europe to see that prices only go one way, and if you buy in a downturn good luck to you, but if you spend 3 years waiting for it to happen how many good deals have you not seen.

Craig