One major, troublesome aspect with government work is measuring it *output*.As Rich above stated, we could pay 2,200 people $50K each to pick up trash but are cleaner parks and streets *worth* $50K per year ... assuming one trash collector per community.

In fact I know a lot of rich people that are simply rich because they inherited wealth.

Thanks Rich for the reply.

Originally posted by Rich Bail:Personally, I think everyone and anyone these days are wholesaleers, it makes for way too much competition and NO end buyers.

There are lots of people that want to get involved and see this as a way to "get rich" or leave the 9-5 job.

Rich

Therefore, the risk in Real Estate is worth 3Times the 10 Year T Bill Rate, which is currently 2.5%, to me.Others here on BP make good returns on HML's, but ask Rich or Jon about foreclosing on JUNK properties!

What I don’t have and don’t get is the financing. 100% financing seems to have disappeared, JV financing seems to be too rich, and nobody seems to want to enter this arena!

My parents are not rich but are very intent on supporting me financially.

Until then, I'll just let the people on the news tell me what a terrible person I am for driving a car...I'm sure Gore and his rich friends are car pooling their private jets, right?