[sdcellar]

[quote=AN]BTW, bummed? Of course I’ll be bummed, but I’m still OK w/ it. I won’t make me enjoy my house any less.[/quote]

Okay, now we’re getting somewhere. To me, bummed and OK are directly related, but I get where you’re coming from. That said, at some point, you would almost certainly enjoy it less. All things have limits (even our OK-ness). I’m just looking for some realism here.

[sdcellar]

[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.

[sdcellar]

[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.

[sdcellar]

[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.

[sdcellar]

[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.

[sdcellar]

[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.

[sdcellar]

[quote=AN]That’s fine with me. If houses drop another 50%, I’ll go buy a house in CV for 50% off and rent out my current house for a profit or at least break even. Are you still confused?[/quote]

More than ever. If houses drop 50%, there’s no way you’re going to fetch break even rental income.

And, I’m sorry, most every person I know of reasonable means would be at least a little bummed if their home value fell in half (okay, a lot bummed).

[sdcellar]

[quote=AN]That’s fine with me. If houses drop another 50%, I’ll go buy a house in CV for 50% off and rent out my current house for a profit or at least break even. Are you still confused?[/quote]

More than ever. If houses drop 50%, there’s no way you’re going to fetch break even rental income.

And, I’m sorry, most every person I know of reasonable means would be at least a little bummed if their home value fell in half (okay, a lot bummed).

[sdcellar]

[quote=AN]That’s fine with me. If houses drop another 50%, I’ll go buy a house in CV for 50% off and rent out my current house for a profit or at least break even. Are you still confused?[/quote]

More than ever. If houses drop 50%, there’s no way you’re going to fetch break even rental income.

And, I’m sorry, most every person I know of reasonable means would be at least a little bummed if their home value fell in half (okay, a lot bummed).

[sdcellar]

[quote=AN]That’s fine with me. If houses drop another 50%, I’ll go buy a house in CV for 50% off and rent out my current house for a profit or at least break even. Are you still confused?[/quote]

More than ever. If houses drop 50%, there’s no way you’re going to fetch break even rental income.

And, I’m sorry, most every person I know of reasonable means would be at least a little bummed if their home value fell in half (okay, a lot bummed).

[sdcellar]

[quote=AN]That’s fine with me. If houses drop another 50%, I’ll go buy a house in CV for 50% off and rent out my current house for a profit or at least break even. Are you still confused?[/quote]

More than ever. If houses drop 50%, there’s no way you’re going to fetch break even rental income.

And, I’m sorry, most every person I know of reasonable means would be at least a little bummed if their home value fell in half (okay, a lot bummed).

[sdcellar]

[quote=AN]When it’s no longer cheaper for me to own my house than renting it.[/quote]Well, that makes no sense. According to you it’s already cheaper to own your house than to rent it. I didn’t ask how low rentals have to go to make you less okay with it. Using your logic, your house could fall to zero and you’d still be perfectly okay with it (although indirectly, that would certainly drive down rents…)

Let me help, what if your house dropped in value enough to consume your down payment? (and I’ll grant that that might not happen in MM).

[sdcellar]

[quote=AN]When it’s no longer cheaper for me to own my house than renting it.[/quote]Well, that makes no sense. According to you it’s already cheaper to own your house than to rent it. I didn’t ask how low rentals have to go to make you less okay with it. Using your logic, your house could fall to zero and you’d still be perfectly okay with it (although indirectly, that would certainly drive down rents…)

Let me help, what if your house dropped in value enough to consume your down payment? (and I’ll grant that that might not happen in MM).

[sdcellar]

[quote=AN]When it’s no longer cheaper for me to own my house than renting it.[/quote]Well, that makes no sense. According to you it’s already cheaper to own your house than to rent it. I didn’t ask how low rentals have to go to make you less okay with it. Using your logic, your house could fall to zero and you’d still be perfectly okay with it (although indirectly, that would certainly drive down rents…)

Let me help, what if your house dropped in value enough to consume your down payment? (and I’ll grant that that might not happen in MM).

[sdcellar]

[quote=AN]When it’s no longer cheaper for me to own my house than renting it.[/quote]Well, that makes no sense. According to you it’s already cheaper to own your house than to rent it. I didn’t ask how low rentals have to go to make you less okay with it. Using your logic, your house could fall to zero and you’d still be perfectly okay with it (although indirectly, that would certainly drive down rents…)

Let me help, what if your house dropped in value enough to consume your down payment? (and I’ll grant that that might not happen in MM).

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