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Old 05-05-2010, 12:28 PM
Nesti (Mark)
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Nesti is offline
 
Join Date: May 2009
Location: Perth, Australia
Posts: 799
Quote:
Originally Posted by avandonk View Post

The current real estate market is in my opinion even far worse than any Ponzi Scheme. In a Ponzi Scheme people are driven by greed, in housing it is a simple need to have an affordable roof over your head.

Bert
I've never thought of it as a Ponzi Scheme...but in reflection, it really does look, walk, and quack like a duck!
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