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It's fine if you are able to stay in the same house until it's worth more again, if you need to sell then you lose a tonne of money.
Depends why you're selling. If you're selling to buy a bigger house then a crash is a win as you now need to put in less extra cash to upgrade to the mansion you want. If you're trading down ("we're old, we don't need this big house, we'll trade down to a flat and live off the profits") then a crash is bad, because you get less money out.
Nick.Earthloop
@snottyotter
It's fine if you are able to stay in the same house until it's worth more again, if you need to sell then you lose a tonne of money.