One should never get 'over their skis' whether it is a house, car or hobbies. Unfortunately easy credit, mass media and other factors have pushed people to acquire things that are not sustainable if their personal economic situation goes south, especially in a Black Swan event like this. We all learn what is important to us in situations like this and we do what we have to do, that is the right thing to do. But I would try to hold on to your assets (whatever they are) as best you can because you will never get good prices in a down market like this, things will get better, we just have to hang on. Don't sell assets if you don't have to......as one analyst said last week, 'it's too late to sell, and too early to buy'. Stand pat if you can until we turn the corner towards sunnier times......they are coming..
