The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: neolib who wrote (262569)	7/21/2010 11:20:56 AM
From: RetiredNow	Read Replies (4) of 306849

Don't go too far in your ideology. Free markets are what made this country great, but they DO need to be regulated and those regulations need to be enforced. Laissez faire, which is how the GOP's free markets work, is evil and will destroy this country. But enforced regulations on free markets will help this country remain strong economically for as far as the eye can see. My first job was as a paper boy. My second was at McDonald's. Now, I have all the money I need and am hoping to retire in 5 years with a passive annual income exceeding my take home pay that I get working today. Whether I get social security or not is irrelevant to my retirement plans. How did I do it? I got a darned good education by studying hard (accumulating huge debt in the process). In addition, I worked my ass off and saved between 25% and 50% of my income through the years, from the day I started working. All things are possible in the US. But if we move too far towards socialism or jettison our free markets with never-ending bailouts and Keynesianism, then religion will be the only thing we have left, because class mobility will be a thing of the past.

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