“The best way to predict future is to create it!”
The houses and Stock have fallen 25% and 45% respectively, from ther peak in US,
Hang Seng Index was about 27,563 in Jan 2008 and how it is around 14,000,
but I guess that it will possibly could fall further.
That is what happens when bubblies deflate- this thing can fall into a reasonable-value zone. then keep on falling until they are unreasonably low!
On the other side of inflating bubbles, during which prices can keep rising after even they're unreasonably high!
If you had the money that you won't have to use for the next 6-8 years, go and buy,
if you have to plan for your coming bill and cheque, I suggest you should do nothing!
Work hard and make sure nothing go wrong keep your job secure!