August 12, 2005
-- by Dave Johnson
"So now we can see exactly 'How Far Is Down' for any particular rental property. In this case I should expect to see my current rental house drop in value from $550,000 to $220,000 based on historical mean reversion characteristics."
"The real problem lies not in the fact that the rental house I live in will only be valued at $220,000 but rather how fast it falls and what happens when the landlord decides to sell."
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