It's not the end of the world mate but it is the end of year on year house price rises well in excess of inflation and common sense.
Lots and lots of people are getting burned now and it is only going to get worse, a lot worse, before it gets better.
We aren't in the phase yet where all the assets pass from the weak to the strong but we're heading that way.
The more you laugh off the current situation the more I'm thinking you're in over your head and are really nervous and trying to be the big man and make out you're not affected by these price declines.
