[quote=AN]Here’s an extreme example, if my house drop to $1 and a mansion in Del Mar drops to $5, and I can still rent my house for more than my mortgage, I’ll go buy that mansion and rent out my current house. I’m still OK w/ the drop. Are you still confused?[/quote]
You augmented your example, but following the theme…
If your place drops to a buck (and Del Mar, to five), you are probably going to extract roughly half a cent per month in rent. I am certain that I’m not confused.
