We need to get beyond worrying about whether it will damage the property market and recognise that it was the property market which damaged our economy in the first place.
Makes no sense whatsoever, the economy flourished during the long boom years with many knock on effects in different job sectors. The property market is on a downward slope now but you cannot deduce from that that the property market has screwed us all! If you take the property market out of the equation from the last 15 years then we wouldn't have progressed as far as nation. And because of it we should be in a better position to deal with this recession that so far has been wildly blown out of proportion.