Who Is Smarter ?

Leroy bought this house thirty years ago for 40k.
The house is paid off.
Leroy worked at the local plant and hid much of his earnings in his mattress.
Leroy bought his car and work truck for cash and even splurged for an 84" flat panel television to watch the games on the weekends.
Since Leroy never went to college, he has no student loans.
Now Leroy is awash in cash in a down market with few outstanding debts.

Biff financed this house four years ago with his excellent credit rating.
Biff has Sub-Zero appliances, Kohler bath fixtures, marble, granite and hardwood throughout and contemporary furnishings.
Biff's student loans are paid up (but he still owes about 60k).
Biff's cars are only two years old (but he still owes about 50k total on both loans).
Biff has season tickets to the Cowboys, Rangers and Mavericks.
Biff invested heavily in his company's 401k and has accounts at his local Charles Schwabb broker.

Both men lost their jobs today.
Who is in a better position to make all the right moves?