Quote:
Originally Posted by Wormius
To be fair, if I am planning on staying put, the value of my house could go to zero. The only negative would be trying to borrow against your house.
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As long as you don't have a mortgage that might cause issues? But there are other considerations. People use that equity to start businesses and other ventures that they otherwise might have a difficult time getting funding for. People generally "feel" better when a large asset isn't down by double-digits, and that ripples through the economy. It's tough from a wider view, but of course if you're where you want to be and aren't moving it's not as relevant.