Been pondering this one for a little while. Thanks to gross mis-management by the banks and Mr Brown many things are de-valuing nigh on as quick as Zimbabwe Dollars. On paper the value of both of our houses is going down, the car I bought a couple of months ago is depreciating a bit quicker than I would like but there is an upside. The repayments on both mortgages have dropped, nearly 10% so far and likely to drop more. The price of diesel is coming down steadily (I would like it to come down a lot more) Cars, you can pick anything up for a fraction of what it was worth six months ago. Thois credit crunch may be bad news for the banks and brokers but will the savings made to Mr Average on the street outweigh a couple of years of devalued housing prices?