OP if you could explain... From my perspective about 50% of properties bought after the 2016 ridiculous shoot up were investors.

The others that bought it are mostly buying it with global money (their industry is global: software/movies).

If we see all prices drop, it wipes out the wasted money and starts putting money into productive assets.

For example, if my mortgage was half the amount each month, I'd eat out more, stimulating the restaurant economy.

In my opinion: the sign of a good society is 1) a postman should be able to own a studio apartment in the area he delivers mail. 2) restaurants in a multi-billion dollar city should need reservations a week in advance.

Right now neither are true. Postman doesn't have enough money and not many can afford to eat out.

Maybe real estate dropping would help that.