Falling house prices hurt those of us who are homeowners who were expecting to be able to monetize the equity in their homes for retirement and, potentially, to provide money to help our children assemble a down payment on a house. The silver lining is that, as home prices fall, the home our child buys is more affordable and therefore homes won't be as "out of reach" as they would have been had home values continued to increase.
Our children may also not have as much pressure to seek the job that pays the most just to be able to afford a home.
Life, and the economy, works in mysterious ways....
Now, if economic pressures would only drive down the cost of college so students and parents wouldn't end up with remarkably high loan balances come graduation.
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