Thursday, November 13, 2008

Resilience Increased By Mentally Moving On

To make progress in uncertain times, let go of what you thought your real estate was worth. Value on paper is not real money. Real estate is always worth as much as a lender will extend in credit or a buyer will pay. Paper values may rise and fall, but you have no dollars and no loss until real estate is mortgaged to borrow against accumulated equity or it is sold to release equity.

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