Exclusive analysis for ITV News reveals that more than a hundred thousand families have lost a total of £3bn since the housing crash.
Business Editor Laura Kuenssberg reports:
Tim Johnson told ITV News he bought his house for £90,000 but lost £12,000 when he sold it for £78,000 in November 2011.
Ruth and Dave Hall bought their home in Lincolnshire for £169,000 in 2008 but it is now being sold for just £137,000.
She told Business Editor Laura Kuenssberg that she believes they should never have been lent that money in the first place as the house wasn't worth it and they couldn't afford it.
The cost of the housing crash is laid bare tonight in exclusive analysis for ITV News. It reveals that more than a hundred thousand families have lost a total of three billion pounds.
Analysis by Castle Trust of every housing transaction in England and Wales shows that those who bought in the good times and have subsequently sold have taken a huge hit to their bank balances, an average of £24,000 each if they bought and sold between 2007 and 2012.