Sure, I continue to pay the mortgage based on my purchase price. But I’m in the same situation if I simply stay in the property I bought, as its price drops. M

Sure, I continue to pay the mortgage based on my purchase price. But I’m in the same situation if I simply stay in the property I bought, as its price drops. My point was that a drop in all property prices doesn’t stop you from selling and buying in order to move. Just like an increase in all property prices.