The other day I heard the following answer in response to someone suggesting that house prices could fall as much as 50% in places
"that's ok, my property has gone up 100% from the time I bought it"
Hmmmm.... lets replay that
Your property value has gone up 100% from when you bought it - say from $500,000 to $1,000,000
So if it drops 50% from $1,000,000 don't you end up back at $500,000?
Some folks are funny....
