It isn't just bank balances that are affected by negative equity and the falling price of houses. The hopes and dreams of many people lie in tatters because of the catastrophic fall in the value of their homes since the height of the property boom.
Many people bought somewhere to live just to get a foothold on the property market, with the intention of selling their properties on for a profit.
But those hopes are now crushed, and they are trapped paying massive mortgages in places where they never intended to live in the long term.
People are living in small apartments wondering how they can start a family, while others face years of long commuting distances to work.
The Government rowed in to help the banks when they were in trouble.
There will be a heavy price to pay if something isn't done to help a generation who fell victim to the property boom.