NCN, why are people you know selling at a loss? They have to sell due to job change? or they bought more house than they can afford? It really doesn’t matter what the home prices do if you are just planning to live someplace, stay and can afford the mortgage. But if you are a person that wants to live off equity, I guess in a downturn you’re screwed. Or if you have to change jobs and bought way too high, you’re screwed. Why are they selling for a loss and not just staying put?