But notably its only people who bought recently. I purchased 5 years ago, and our home's price would have to go down by half for us to get back to even, then a

But notably its only people who bought recently. I purchased 5 years ago, and our home's price would have to go down by half for us to get back to even, then a bit further to be truly underwater. And that's with us having put down only 5% -- anyone putting 10-20% down would have more buffer still. Someone who purchased 2 years ago might have less of a buffer, but still perhaps 20-30%. Our neighbors who purchased 7 years ago can lose ~70% and still be ok. Not meant to downplay how awful it can be for some folks, just meant for perspective.