Good points made in this comment.......which brings to mind a dilemma I believe faces my wife and I recently retired to our new home in the Okanagan (southern BC).

Considering the accelerating loss of jobs - and not just the stable ones with any sort of benefits package - we now wonder about having chosen the path of being house rich versus cash rich. With all our current 500 thousand eggs in one 'nest' versus the stock market, I worry that when I go to sell this lovely place on Vernon's pastoral edge, whoever will there be to possibly afford the price I will need to continue a comfortable retirement when we reach our seventies and no longer wish to maintain a quarter acre yard, pool, and 2400 SQ. ft. we enjoy?

The accelerating erosion of jobs truly scares me into selling very soon to hopefully catch one of the buyers able to let me access our savings.

Are any of you out there in similar situations and if so, what are your thoughts?