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Dude, enough with the crazy speculations and claims. Please educate yourself on investment. Human psychology doesn't work the way you describe: i.e. "market drop 50% and there's a line up out of the door". No such thing ever.
Second, you are discounting all other dots in the economy connecting to RE. A 50% haircut in RE will create a fucking tsunami in the local economy and the whole world. Remember Thailand 1997. That event wiped out the whole world economy, including the most successful hedge fund at the time LCTM. Feel free to read up. You will have a tons of seller with very few buyers. Guaranteed. Market is all about discounting the future, if people think future will be bleak, they are not gonna buy, Chinese or not. This is called fear.
Third, you are claiming crazy things like if we buy US RE in 2008, we would be billionaire. Just no. Calling bottom is a gambling business. A solid investor will not buy at the bottom, he will buy when price recovered somewhat. Ever watch or read "The Big Short", the guys that predicted the 2007-2008 event, was deep in shit buying credit default swaps before the events happen. It takes knowledge, a lot of money reserve and brass balls to hold out when your P&L are deep in the red. 99.99% of the population will not be able to do that.
Like seriously go educate yourself in investing. It's a very valuable thing to know, even just the basic.
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