Finally, this past year, the economy has taken a toll, with home values in half of the areas close to the Olympic Park losing value once again.
Morgan Stanley's REIT Index is down 24% so far this year, and most REITs sell at an average of close to 10% discount to their net underlying asset values, according to Jon Fosheim of Green Street Advisors.
Further east, Poland saw house price inflation in excess of 30%, while property values in Bulgaria and Estonia grew by close to 20%.
By some estimates, borrowers' monthly payments will then surge by 60-80% (see chart), at a time when property values may still be at, or close to, their trough.
The lure of comfy suburbs so close to jobs has kept peninsula land values climbing for decades.
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Nor do Asia's intellectuals and politicians come close to unanimity about the notion of Asian values propagated by the concept's leading promoters, Lee Kuan Yew, Singapore's senior minister, and Mahathir Mohamad, the prime minister of Malaysia.
If they do seek housing, they may seek a place close to where they live that still holds their values.
As property values have fallen quickly in both countries, they may now be close to bouncing back.
"The United States deeply values our close partnerships with both Turkey and Israel, and we attach great importance to the restoration of positive relations between them in order to advance regional peace and security, " the president said in a statement released by the White House.
It's home to one of the top colleges in the U.S., Wellesley College, and is close to a major metropolitan area known for its culture and high property values.
Though they are "full-fledged participants in very different cultures, " with "values and interests" not always in synch, American Jews and Israelis will pay the same pay close attention to Romney's visit to Israel.
In it, he defined eight characteristics of excellent companies: a bias for action, staying close to the customer, autonomy and entrepreneurship, productivity through people, clear and compelling organizational values, focusing on what you do best, operating with a lean staff, and finding a balance between having enough structure without getting stuck in it.
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