The “safe and secure comment” was anything but condescending. If you can rent the same home for 20 years and have your children grow up on the same street with same neighbors you’ve accomplished the same thing. It’s just a little harder to do when you dont own the house.
Emotions and pride prevent people from making good decisions. When buying a good decision is not to over pay or get yourself in over your head. When selling in a declining market a good decision is to take your lumps now and get out before it gets worse. Most will hold on as long as they can whne they shouldnt. A good percentage will find a way to maintain the outward appearance of their diginity and will survive the bumpy ride. Of course, some will fail also.
Have you never fallen in love with a stock and not sold when you knew you should have?
