You know, this site is really one of the best I have ever seen, and that’s the product of Rich and a lot of smart posters.
Yes, you get into this occasional argument who sold when and got 100K more or less than somebody else, and where the market will go in the next 2, 4, or 6 months.
But I believe the issue is much bigger. There is a lot of logical reasoning coming out of this site, some of it very relevant to our future, even from a macro-perspective if you consider the fools of prior history including the fall of the Roman Empire, the Mississippi Company, or Japan’s economic fate. Maybe our politicians, including San Diego’s great city financiers should spend a few hours on this site.
I have a lot of friends that struggle their whole life to get out of debtor’s prison, and some of them are still dreaming about buying a house without ever having saved a dime. And guess what, the lopsided system would actually allow them to. Readers of this site are lucky to avoid a trap that’s still lurking out there.
Ignore it at your own risk!
