I think many people here are wrong to assume that most will suffer if crash come.  Actually only those who overcommit will feel the pain. For houseowners or long term investors, price up or down makes no difference.  Will price come down, I believe so. Desperate speculators will pull down the price, just like they push up the price previously. What is the percentage of speculators and investors in the market now? From a few threads here, it is more than 50%.
Most taikors here, even if they dun believe there is a crash, they r not buying since last yr.

Boss out of topic a lil. I found the kopi at most mamak n kopi shop oso overpriced since mid 2013. If u take into acc the % of manpower + % of sugar naik, the kopi price is stil up too much in %. But I stil drink there. 

Just for ref.