I LIKED YOUR TAKE ON THE WEALTH EFFECT, OR THE WEALTH LOSSES. WHAT REAL ESTATE TO KEEP AND WHAT TO SELL?

 This is not a recommendation but rather a discussion on probabilities. No one knows what people in general will do but we can look at what they did in the past. 
If YOU lose a lot of money in a speculation, you often MUST sell good stuff (gold, houses, stocks) that you might otherwise have kept forever. Real estate investors also must reevaluate their portfolios to maintain liquidity and mitigate losses. While big funds, dark pools etc. have lost millions in stock markets, retail investors have been slaughtered. The funds (big boys) have algorithms that are selling or buying on a dime, while you and I are still twiddling our ‘losing’ thumbs. That’s how the DOW and S&P can go up and down 500 points at 12:30 or 3 times in a morning. Retail investors get killed. See below on what one could do: