If housing prices decline, most likely to lead to negative equity.

如果房价下降，最有可能导致负资产。

youdao

You said,if we invest in real estate The question is how we've dealt with decline in housing prices.

您提到过,耶鲁也有地产投资,提问是,我们是怎样应对房价下跌的

耶鲁公开课 - 金融市场课程节选

His plan includes a reserve fund providing a partial guarantee to absorb losses if housing prices continue to decline.

FORBES: Magazine Article

Thus far we have been seeing deteriorating economic conditions for the consumer as evidenced by the over 9.1 % unemployment rate, manufacturing, GDP and most recently, the revelation by Robert Schiller (housing market guru), who said that he would not be shocked if he sees home prices decline another 10-25%.

FORBES: Unraveling the Economic Recovery That Wasn't and How to Invest Through the Declines Ahead