Saturday, January 12, 2008
Spectre of negative equity looms for first-timers
One of the readers comments says "Negative equity should be outlawed, as it is in the USA. Has it ever been challenged in court?" I'm not quite sure how this one would work. How do you outlaw prices going down? And who would you challenge in court, the FTB whose refusing to pay your ridiculously overinflated price?