If you bought your home as shelter but need to sell because you lose your job, get divorced, get a job in another city, then this will affect you.
The average person owns a home for less than a decade.
The average person owns a home for less than a decade.
If you bought a home and had to sell, but lost money, congratulations you were an unofficial renter. You lick your wounds and lean into the next financial scheme.
Its not a good feeling not knowing how long you are going to be stuck in the home. Hope you don't want to move due to things like having kids or getting a new job while you are upside down.
And if they see a correction now they may drop below their 2008 peak.