Quote:
Originally Posted by dipso
You can always sell it, you can't always buy it.
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You can always buy one like it, or better, though.
And, in a declining market, for less money.
A good example is Motion. I remember when he moved to Montana and was talking about his Laguna Niguel house, 2 years ago. I posted that he should sell it, no brainer. He posted that he wouldn't, because it couldn't go down in value. Too much Asian money coming in would keep the price up, or something like that. I'm sure it's down a couple of hundred thousand by now. He could have sold it, pocketed his profit, and bought it (or one just like it, or better) today for hundreds of thousands less.