Are people in negative equity bust, no.
If house prices halved on their own, it would be fantastic for the economy, no longer would the younger generation be spending almost all their wage on servicing the banks, but on buying real items in the economy.
But if house prices did halve, it would likely be because of everything else going to ****, but it certainly wouldn't be the cause of it.
If house prices halved on their own, it would be fantastic for the economy, no longer would the younger generation be spending almost all their wage on servicing the banks, but on buying real items in the economy.
But if house prices did halve, it would likely be because of everything else going to ****, but it certainly wouldn't be the cause of it.