Comments on: The Credit Collapse is Like a Trade Barrier http://joecobb.com/2008/10/07/the-credit-collapse/ Libertarian Candidate for Congress Mon, 08 Mar 2010 06:48:22 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Joe Cobb http://joecobb.com/2008/10/07/the-credit-collapse/comment-page-1/#comment-44 Joe Cobb Fri, 10 Oct 2008 11:00:55 +0000 http://www.joecobb.com/?p=202#comment-44 Each of us can regret we did not foresee the drop in the stock market last week, and sell all equities long ago, but at least I did sell half my holdings last year, a bit too early since the market boomed to a new high in October 2007, but at least I can point now to my having sold at higher prices than those shares commanded yesterday. I bought a house - a large, foreclosed real estate investment for cash and qualified for a $200,000 renovation loan, getting part of my down payment out of the property at a profit as we build. I hope by early next year to be living in my asset, and also to have cashed out enough profit from the loan to buy back some severely depressed shares of stock too. Each of us can regret we did not foresee the drop in the stock market last week, and sell all equities long ago, but at least I did sell half my holdings last year, a bit too early since the market boomed to a new high in October 2007, but at least I can point now to my having sold at higher prices than those shares commanded yesterday.

I bought a house – a large, foreclosed real estate investment for cash and qualified for a $200,000 renovation loan, getting part of my down payment out of the property at a profit as we build. I hope by early next year to be living in my asset, and also to have cashed out enough profit from the loan to buy back some severely depressed shares of stock too.

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