Quote:
Originally Posted by Brando
Government(s) could mandate that mortgages principal values must be able to be appraised down (when a property loses value) but only the bank suffers - and I guarantee you they would not allow it.
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Really? So even though the bank loaned $300k on a property that was worth $360k at the time, they should have to accept less repayment for it if the value decreases? Wow. I wonder if they can demand higher payments when the value increases too. Shirley, you can't be serious.