#8
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Re: real estate questions....
I agree with essentially everything you in your post except: [ QUOTE ] It's basically a gigantic Ponzi scheme. [/ QUOTE ] "gigantic" is an excellent adjective; but "Ponzi scheme," connotes criminal intent. "Giantic musical chair game" or "greater fool" would be a better way to describe the game. People running Ponzi-schemes" have can go to jail, but the real estate market bubbles are just greater fool games. |
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