Just curious, why do you guys think the the price will drop below $250k for 2 bedroom? Using the rent multiplier of 160, and assume the current market to rent a such a place is between $1600 to $1800 per month (closer to $1800), the value of such 2-bedroom apartment shall be $256,000 to $288,000 assuming the rent do not drop. Is there something wrong about my assumption?
