On: It's time to worry about the housing market again

[rahimnathwani]

"it's pretty tough for a house to lose more than 20% of it's value"

Yes, June 2006 to April 2009 was pretty tough on the US housing market!

"if the house isn't worth the debt you took on, that's technically the debt holder's problem not yours"

Right, unless you care about having zero net worth and/or not having a roof over your head.