RENO REAL ESTATE GOLDEN 'TIP': CUT YOUR LOSSES SHORT

Ladies and gentlemen:  this is going to be a short post--cut your losses short.

The Reno real estate market topped August of 2005:

Let's say that there is absolutely no way that we would have known about this.  As the chorus goes " nobody can't predict what the future holds"--(which I don't buy.)

Market topped, on it's way to avalanche down for the next...well, up until now.  So is this the end of the world?

No. 

Reno homes median price:

June 2007:  $319,900

June 2009:  $184,044

Cut your losses short (graph):

(click to enlarge)

Ladies and gentlemen, even if we were a year late in learning about the market crash, we could've still saved $135,000.

Cut your losses short.  We can never be right 100% of the time but if we cut our losses short we would live to see another day and avoid being wiped out.