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Originally Posted by TripletDaddy
Exactly. Those are the folks that are losing their homes.
The ones on whose graves you wish to dance.
PS partners do not lack 401Ks because they are "too wealthy." It is because often, the partnership docs preclude them...or, in the alternative, it is simply too expensive for the company to provide them to D&O. Once you make your capital contribution, you own part of the company, so in theory, there would be no need for a 401K. You just get distributions at retirement.
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actually most of these people don't own a home. Or have a predatory loan they signed. Or are upside down on their mortgages.
Again, what is the solution? Real estate prices coming down.
What do you want to do? Immediately inflate real estate prices.
This is really the thing that almost no one is willing to talk about in this country---that prices HAVE to come down.