“Paying over $200,000 in rent over the next 4 years and then hoping the market in 2012 would be at 2000 prices seems highly unlikely to me, and in 2012 I’ll be looking to downsize.”
Sorry Ozzie, but some of your numbers don’t make sense. I strongly suspect that your house is already under water only you don’t know it yet. Like sdr said, go research some more recent comps…oh yeah, and you’ll also be damn lucky if prices are only at 2000 levels in 2012.
