His situation was pretty simple, he worked in a industry that vaporized. Vaporized basically overnight and stayed vaporized for 3+ years.
. . .
You’ve got omnipotent hindsight balls, I’m sure you’d pull the trigger and sell, knowing without a job you can’t find a rental, can’t get another loan for a new place and ‘give it away’.
The denial is strong in this thread with the posters.[/quote]
You ignore an important point: His background left him very vulnerable. He had no high school degree and had a business that was temporarily hot. It might have been pretty good in earlier years, but suddenly he was making a lot. Instead of showing restraint and recognizing that nothing lasts forever, he spent like there was no tomorrow – even beyond what most would have seen as a great but unreliable income (and I have to say – the purchases sound like they were his, not hers, other than maybe the pool – women don’t hanker for quads and RVs).
There’s no denial on my part. I am a worrier and generally plan for the worst case scenario. It makes me boring but financially secure.
