>>You say they are idiots but for several years it was a good bet even if you couldn't afford the loan. Provided the value of the property kept rising. I did this for several years. the trick was to stop about 2 years ago
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>There are lots of pyramid schemes available. They all end the same way.

In a way, capitalism is a pyramid scheme. It assumes endless growth. Or, while we're at it, why doesn't that "if my grand-grand-...-father had put one cent in the bank, today it would be..." ever result in somebody getting obscenely rich? Surely it was done from time to time, at least by accident.