http://news.bbc.co.uk/1/hi/business/4714741.stm I'm going to be controversial and say about bloody time too. I'm in a nice position, personally, in that I've always sold at the top of the market over the last nine or ten years and have a nice lump of equity in my drum, thus could easily absorb a 5% decrease. Obviously, there are others who will have the opposite situation. At least it won't be like the late 80's :: crosses fingers :: Saying that, it's getting silly for youngsters (and I daresay more than a few people leaving HM forces and buying for the first time) to get their toe on the ladder and that this will, in the long run, suit everyone. What do ARRSER's think. Will the equity margin on your place be cut to a thread by this, or are you thinking of buying and see a silver lining in this one? V!