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MRM MRM is offline
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Join Date: Aug 2000
Location: Palm Beach, Florida, USA
Posts: 7,713
If you want to sell low and buy high, go ahead and sell now. This is the time to buy property, not sell it. If times are going to be tough ahead, you property isn't going to lose much more value than it already has. But any equity you put that money into is going to be seriously at risk. You want a hedge against inflation? Keep the cabin. You want to lock in losses and sell, if not at the bottom, certainly at a low point, go ahead and sell. If inflation does kick in, which is the big worry now, you don't want to sell your real property (which is an inflation hedge) and stick that money into a savings account where the principle gets eaten away every month. Keep it unless you need the money.
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MRM 1994 Carrera
Old 03-18-2008, 06:06 PM
  Pelican Parts Catalog | Tech Articles | Promos & Specials    Reply With Quote #8 (permalink)