I'm not worried about my property value (I live in a land locked downtown where the supply will never meet the demand), I'm worried about the company I work for. Another economic recession means slower business, which means less sales, which means less money in my pocket, or even worse, layoff. 2008 hit the company I work for quite hard and they had to layoff 20% of staff.
Also when I was talking about China's stability, I meant politically, not economically. The world's economic superpowers are all in precarious financial positions (US, EU, and China). I rather have just 1 part of the problem, not 2 (economic and political).