Posted by Bill Door on August 20, 2001 at 15:31:24:
In Reply to: Re: House prices posted by bob the builder on August 20, 2001 at 13:52:04:
Negative equity is where the sale value of the house is below the mortgage outstanding on the house. No one is disputing that prices aren't dropping and will probably continue to do so. The point the article is trying to make is that in the majority of cases the prices will have to drop significantly to put the owners into a negative situation.