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<p>[QUOTE=&quot;Cloudsweeper99, post: 1616771, member: 3011&quot;]The equity isn&#039;t lost forever, and it would be a mistake to think so.&nbsp; If someone could not afford to live in the house without borrowing against anticipated increases in the equity, they should not have purchased it in the first place.&nbsp; Of course one can point out specific circumstances where someone is hurt by the real estate recession, but I think it&#039;s a mistake to generalize it to everyone and conclude that the damage is permanent and irreversable.</p><p><br /></p><p>Edit: I would also remind you that mortgage interest [most of the payment] and real estate taxes are tax deductible and that these are signifcant advantages over renting.[/QUOTE]</p><p><br /></p>

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