>>> If your home is worth around 250K, but the person next door goes bankrupt, and the home goes into foreclosure and sells for 20K - does that mean the new value of your home is now 20K? <<<
I'd say yes. If it were worth more, wouldn't someone have stepped forward to pay more for your neighbor's house?
Global Capital Asset Death Spiral [View article]
I'd say yes. If it were worth more, wouldn't someone have stepped forward to pay more for your neighbor's house?