Re: funny how people complain in a down market… - Posted by Gene
Posted by Gene on July 18, 2007 at 07:28:03:
I am enjoying the down market. I saw it coming and I sold most of my holdings a couple years ago. I am enjoying the time off and I look forward to buying at a huge discount in a couple years.
I have friends that are hating life right now because they bought at the top and they are loosing a good amount on money each month. They are upside down, cannot sell and they might loose everything. I feel bad for them. They got cought up in the greed and now they are paying a hefty price. There isn’t much they can do except hold on with negative cash flow, sell at a discount, or give it back to the bank…all the choices are harsh…I guess you just pick the least bad one.
Note: I am in CA so it might be different than where you live.