Negative equity is going to become a real problem for a lot of people who purchased in booming markets over the last few years. As far as I'm aware, most place

Negative equity is going to become a real problem for a lot of people who purchased in booming markets over the last few years. As far as I'm aware, most places are 'non-recourse'. Some people might say "if you can carry on making the payments you'll be fine". This isn't true though. Not being able to move city for a job, being unable to upgrade to a larger place to start a family, or feeling financial pressure to stay in an unhealthy relationship are all very real potential problems.