Actually, it is very healthy when the market swings like this.. You should not really care "If your house value going down" providing you stay in your house yourself .. But in this uncertain times it creates greatest opportunities, we always need some fools who buy on the wave at high price, so then when it crashed we can buy cheap .. ppl who borrow money out of thier credit cards to pay 15% deposit hoping they will flip making a Mill in no time must be damn mad .. they will lose last pants when the buble burst.. Take my words Pavillion will go to 800psf very soon .. I know a lot of folks who bought on borrowed deposits there.. if you one of them better sell off quick and cut the losses while you can still sell 850psf