[lostlogin]

Yes. But there will be losers. Some of this I'm fine with but hurting first home buyers and those who need a home to live in is crap.

[dzhiurgis]

So what happens when your house mortgage is in negative equity? Just means you’ll need to hodl longer?

[tuatoru]

Yes.

Those with negative equity are likely to pay down debt faster rather than consuming (hang on to the car for another year, or not repaint, for example), so there is some effect on aggregate demand over time.