alt Hacker News> Housing prices dropping aren’t so good for those who own homes.
Isn't it only bad news for people who are selling their homes?
Replies
carlosjobim • yesterday at 9:43 PM
You can use your real estate as collateral if you own it. To buy nice cars, fancy vacations, etc etc. And you want the real estate value to increase as much as possible. Even if that means destroying your nation forever.
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Sometimes people need to move for family or work reasons that are beyond their control. Being underwater on a home in a situation like that isn’t fun. I knew people who ran into that in 2008.