Housing Bubble: Biggest Ponzi Scheme Ever?

Is the Housing Market for real or is it just a large conspiracy designed to defraud investors and separate the average American from their hard earned savings? I guess that depends on who is left holding the bag at the end of this giant game of hot potato.

Actually, it's more like a giant Ponzi scheme as Tim points out over on his descriptively titled blog The Mess That Greenspan Made.

So, instead of there being no real business to generate profits in a true Ponzi scheme, it is a question of how "unnatural" the rapid rise in home prices is today.

Read his post and consider where you fit in this game of investor led fraud.

[Technorati Tags: home, house, housing, market, housing+market, housing+bubble, bubble, real+estate, realestate, greenspan]

Comments

[John Day]

We have recently commented as well on the housing bubble in our very hot Washington DC and Maryland real estate market. You can view this companion article here: The Housing Bubble at http://www.homes-database.com/weblogs/2005/04/what-if-housing-bubble-bursts.html.

We invite you to visit our blog at The Home Buying Blog and post a comment and link back to your website.

Thanks for the great information on your blog.

John Day
www.Homes-Database.com