I own Martha Stewart stock. Yes, I hear you chuckling from here. The value of the stock is about 95% less that what I paid for it years ago. It just is what it is. Nothing I can do about it except sit on it, sell it, or cry. I don’t know anyone that has some form of stocks that has not lost value in the last year or so. It is what it is.
But for some reason when it comes to homes and decreasing values, as a real estate agent I still constantly hear, “I have more invested in this than the what you think it is worth.” Just because you paid thousands for upgrades, additions, and personal touches that does not mean you will automatically get it back, or even profit for that matter. We have a hard time understanding why home values have decreased but take stock prices at face value. Your home is worth what the market will bear, that’s it. Even if you have $350,000 in the home, it does not equate to what the home is actually worth. Hey I don’t like it either, but it is what it is. I paid $37 per share for Martha Stewart stock and therefore I should get at least $40 if not more because I own it. Any takers? Oh, by the way my stock has an upgrade feature; a beautiful new plastic sleeve to keep your certificate wrinkle free.
