So negative equity is nothing to worry about? You really are a cool cucumber. You should start up a bank and lend to all the current negative equity holders. You'll make a killing or not.
"It makes perfect sense as one thing will be for sure in a couple of decades that house will be worth allot more and the shorter term back off in prices will allow a bargain to be picked up. Not hard to understand but it is a difficult concept for uber bears to comprehend."
But he is in negative equity right now. If prices go down further how will he be able to borrow money to buy this so called bargain. It doesn't matter if prices triple in the next decade, he can only borrow based on CURRENT financials.
