Expert says negative equity shouldn’t worry most homeowners
An expert argues that falling property prices putting homeowners in negative equity is not the serious problem recent headlines suggest.
As property prices decline, some homeowners face negative equity—owing more on their mortgage than their home is worth. However, an expert contends this situation may not be as problematic as recent media coverage has implied. The reassurance comes amid concerns about the impact of falling house values on New Zealand homeowners.
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Why most homeowners don't need to lose sleep over falling property prices
Being in negative equity may not be as much of a problem as some recent headlines might have you believe, one expert says.