Here's what I like about the so-called housing bust. Every house is for sale. It doesn't take a brain surgeon to realise this is a voyeur's dream. First off, before this creeps out, know this: I'm now in the market to buy a house.

I've been renting for the past couple of years and now is the time to buy. There's not only blood in the streets; there's full-scale haemorrhaging. I'll get to specific numbers in a second but this is the exact time you should be considering buying. There's no rush, however. You have a good year before the next stampede begins, but begin it will. So I'm taking my time checking out houses as they come up for sale.