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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Live2Sail who wrote (177477)1/16/2009 2:24:44 PM
From: GraceZRead Replies (1) of 306849
 
Hope is not a plan!

The best thing about taking a loss, finally biting the bullet and realizing an unrealized loss, is that it gets you out of that totally pathetic position of hoping the sh!t you are holding turns around by some miracle.

It is the most cathartic thing you can do because it forces you to fully come to terms with the position you are in on that day. Only after you get to the point where you can accept that loss as real does it put you in the proper psychological frame of mind you need to be in to repair the damage. At that point you can make a plan.
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