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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (3385)	7/12/2002 4:50:15 PM
From: MSI	Respond to of 306849

True. Hopefully more will look for ways to engineer secure methods of doing business efficiently, WITHOUT congressional action. That's the only solution, if you believe as I do that neither Congress nor the Administration represent the people. With few exceptions they only represent themselves, their lobbyist-contributors, and the expansion of a predatory and increasingly criminal government. For example, an acquantance of mine is a doctor who refuses to get ANY insurance. "So sue me!" he says, and no one has for the past 20 years, because, besides being a good doc, he lets every patient know, and potential opportunists quickly find out that predatory lawyers only go after the easy insurance bucks. He works 1/2-time, and makes as much as he would fulltime. The insurance co's. have NO real incentive to fight bogus payouts, because they have pricing control, and pass all that, AND MORE, to the victims: doctors and patients. In fact, THE HIGHER THE PAYOUTS, THE HIGHER THE PREMIUMS AND THE HIGHER THE PROFITS !! It's a vicious spiral, that will only end with creative ways by citizen-taxpayers to get around it. In construction, there are ways to minimize insurance and transaction costs, requiring creative bank and builder contracts followed by a refi after completion. It takes liquidity, tho', to avoid excessive bonding costs.