If house prices in the neighborhood immediately fall by 10 percent (before any mortgage payments are made), what would happen to Joe's and Mike's net worth? (Assume Joe and Mike have no other assets or liabilities.)
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Home » Business » If house prices in the neighborhood immediately fall by 10 percent (before any mortgage payments are made), what would happen to Joe's and Mike's net worth? (Assume Joe and Mike have no other assets or liabilities.)