I am running the Pay Off Your Mortgage Challenge Live to draw attention to the need for the vast majority of people to raise their financial IQ and it all starts with Kids Money Packs.
On the Pay Off Your Mortgage main site, I refer to Money Management Level 1 on the Money 4 Life Page as being the starting point, in other words it is the most basic level of money management you can possible start from and it is the area where over 95% of the population are right now. It is not anybody's fault, it's the way society is designed and as you can see over the last ten years, the banks have made millions of pounds profiting from it.
Control Freak a Recipe for Debt Freedom shows anyone, who wishes to get back in control of their finances a recommended way to go through Level 4 of money management.
If you are in a position to start investing in your own future, (which comes after Level 4), then you will realise that falling house prices create an opportunity to buy houses when they have fallen in price, then sell them again for Capital Gains as the market recovers, or hold them as an asset, or rent them for positive cashflow.
The only reason panic sets in, is when you are stretched to limit, or you have no equity left in the house and your whole investing strategy is based around climbing the housing ladder.
By gaining a better financial education, and you can do this through self education, there are many sources available to you, look for authors such as T Harv Eker, Robert T Kiyosaki and David J Schwartz to name but a few; you can then position yourself and your future regardless of what the housing market does.
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