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I don't care about not getting paper profits; I just don't want negative equity.
As Dammit says - would be annoying losing £200k, especially as I wouldn't have had it in the first place.
I think the ideal outcome (for almost everyone) would be static house prices and wage inflation. No-one gets made bankrupt, but the affordability eases over time, and the next rung up the ladder doesn't keep getting further away. I can dream...
andyfallsoff
It makes no difference cos you live there. It's all fantasy money, you have a roof over your head and every payment means you own a few more bricks and tiles. It's not worth worrying about paper profits, it changes nothing till you move.