I'd thought Simon was really limiting the lens to the individual circumstance

Your point on housing is interesting though and, my opinion, a little bit wrong.

As long as you don't need to move (job, life circumstances etc) or take additional borrowing against the value then actually a price crash doesn't affect an individual?

Theoretically you're "upside down" but if you can afford the repayments regardless of value then there's no matter.

Posted By: trafford_canary, Jun 27, 12:31:47