House crash prediction?

Read Ambrose Evans-Pritchard explain that "Britons cling to a comforting notion that overpopulated islands with a shortage of land can never suffer a sharp fall in house prices. Such illusions are often at the root of the most extreme asset bubbles...Some of the most spectacular property crashes over the last 60 years occurred in the Pacific rim islands during the 1990s. Tokyo land prices fell 80pc in Japan's deflation."


Quite scary stuff...