Note to banks and mortgage owners: Which is worth more, $100,000 cash in hand today from a speculator
, or potentiall
y twice that in the next five years?
Right! Cash today is ALWAYS worth more than tomorrow's promise.
Selling at market lows when you have margin calls isn't appetizing
,to say the least, but having the cash for perhaps a newer and more promising investment opportunit
y certainly is worth some "opportuni
ty cost"-toda
y's loss. And the loss doesn't get more tasty as it "ages." It gets moldy, has less market value, could conceivabl
y be worth even less, a complete write off.
Bad choices, bad programs, bad outcomes. Time for a fresh start!
Read the Article at HuffingtonPost
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