It all makes perfect sense. I have a 2.5% fixed rate mortgage. That and prop 13 together make sure that my yearly costs get lower and lower in real-money terms

It all makes perfect sense. I have a 2.5% fixed rate mortgage. That and prop 13 together make sure that my yearly costs get lower and lower in real-money terms (accounting for inflation). Renting the property out can easily cover mortgage, property tax, HOA, insurance, and maintenance. So... why would I sell? In fact the difference between rents that can be charged on my place in CA, and the abovementioned costs of keeping it are enough to cover rent in a nicer cheaper CoL area... Would I sell at all? Maybe, but I can afford to wait till higher prices, even if that takes 3 years, or 5, or 20.