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A comment on Low interest rates in advanced countries have pushed money into real estate. Parent comment

Re:Low interest rates in advanced countries have pushed mone... by jhickok on Wednesday November 24, 2021 @08:38PM (#29337342)
It impacts your evaluation by lenders. If you are underwater on your house, even if you can afford the payments, carrying a net-negative balance on your house (owing 500k on a house valued 350k resulting in net assets of negative 150k), it can make it harder to buy a vehicle or cosign loans for your children etc etc.
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Re:Low interest rates in advanced countries have pushed mone... by pxeboot on Thursday November 25, 2021 @01:01AM (#29338627)
Source? I have been underwater on a home, and it's current value was never considered for anything not related to that property. It's not like banks send appraisers to your house everytime you apply for a credit card or auto loan.
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