You sound like you're prepared for the worst, which I suppose is a key point of this site right?
All the best.
Count me out of the endless debate. I own cash flow positive places and don't care if prices drop unless they drop low enough to make another rental property look good. Then I'll buy if rates are high.
Past reliable stats are not "classic bubble talk". There is no denial of anything. Prices can't go up forever cause it is not sustainable and real estate markets just don't work like that. US-style crash? I don't know. Soft landing? I don't know.
Contest of the best guessers is pretty boring and repetitive. "I'm right"... "No, I'm right". Might as well stare at a wall.
If others want to engage in this discussion, go to it. May the best guesser get... oh wait, nothing except living with your personal choices.