[quote=sdcellar][quote=AN]You are confused, since you forgot where you started. If I can rent my for less than my mortgage, then YES, I won’t be OK anymore. Do you understand now?[/quote]

I haven’t been confused, even for a moment, but now that your example has been used to explain my point, I’ll ask again. How much do you think (roughly) that your house has to fall in value for you to not be so darn okay with it all?

Let’s go back to reasonable. If your down payment was consumed in 3 years time, you’re still doing great?

[edit]
Actually, never mind. (even though this was the original question I asked). It’s at least clear to me that you’ve got a limit. You’re just reluctant to share it.
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I thought I answer you many times already where my limit is. It’s where rent is vs my mortgage. I can’t tell you how much price have to fall to cause rent to fall. If price doesn’t fall and rent fall 50%, I’d be a lot less OK than of price drop 50% and rent doesn’t. Is that so hard to comprehend?