how would a "housing market crash" affect current home owners? how will vary or depend?
and why think it will happen or not and when?> why?
- Anonymous1 month agoFavorite Answer
A housing crash would only affect current owners if they wanted to sell, and their house was now worth less than they paid for it.
Otherwise, it doesn't matter on a day to day basis what your house is worth.
As to, will it happen, who knows. It's not something that I've heard rumoured to happen.
- SumDudeLv 71 month ago
A "housing crash" might mean lower local taxes (but I doubt it.). Loss of job is what can lead to loss of home.
- Anonymous1 month ago
Its not going to happen. Rates will remain low for many years and housing prices are a function of rates.