The rule in a down-market is that when you sell, you lock in your losses.
I convinced my wife to sell her stock in one company ...
... so that she could then buy stock in another company. I’m convinced the second one will grow back faster and higher.
Rolling the dice ...
Yup. My sister found herself in just such a situation a few years ago. She held on to the house, though, and sold it for a VERY nice profit.
391,106 was the average sale price nov 2006
153,333 was the average sale price nov 2008
I don’t see them dropping much lower, Moreno Valley had the highest number of home sales in the country last month.