This would be a disaster for the average working couple, yes the imported money will not care, the Realestate agents making a buck off the whole thing will not care.. The banks who have nothing at risk will not care. But the really is this would be a disaster for everybody else. The globe reports have to do a better job, they should not be writing  some think tank stuff. Are they thinking Sunny Ways will come in and bail everybody out. I think not the cupboard is bare. The Globe needs to get at the real numbers. Is it 50% of home buyers in the last 5 years, how much will prices have to fall like 50%, what are the scenarios. You think the 50% foreign money will stay around for a correct, I think not; a big long term reduction is on the way if this happens.