[tonyedgecombe]

It's unfortunate for those caught with negative equity.

[spoonie]

Those are the people who are taking risk by investing in real estate. They don’t need bailouts.

[tonyedgecombe]

Some of them are just buying a home, I was caught in this when I bought my first flat, prices fell by 25% and I found it very difficult to move when my job moved.

[spoonie]

That’s risk vs reward though. You take the risk that prices will drop (and that you will have less flexibility to move) in exchange for the reward that prices will rise (and for a slightly more stable cost than renting, sometimes). You can’t have it both ways.

[tonyedgecombe]

There is no reward for rising prices as I need somewhere to live, I likely won’t realise those gains.