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It only appears to be a pyramid scheme now because of demographics.
The baby-boomers, gen x, and millennials are all fighting for the same housing stock. Baby boomers and millennials are the largest generations, gen x is smaller. Add in immigration and below historical average housing starts since 2006 and there is a housing shortage.
However unlike a pyramid scheme this is simply an unhappy accident, a confluence of forces.
When the baby boomers are gone and gen x, millennials, and gen z (which is very small) are fighting for housing it will appear as if there is an abundance of housing.
As to the early entrants benefitting handsomely from subsequent growth, that is always the case. And the remedy for that is mild, steady inflation!
Not a pyramid. It checks none of the boxes. Cetrainly not recruiting, which is the cornerstone of any scheme.
I was sort of equating school rankings and the like to “recruiting”.
Quote:
Originally Posted by Avondalist
When the baby boomers are gone and gen x, millennials, and gen z (which is very small) are fighting for housing it will appear as if there is an abundance of housing.
Is this assuming that the boomers will leave their properties to one of their kids instead of selling them? If property inheritance is the norm, then housing isn’t just going to “open up”, will it?
That narrow definition of a pyramid leaves off a particular key element...
It means you try to recruit new investors to create cash flow, while giving peoples promises, in lieu of supplying an actual tangible investment, a service or product to make money and hold value.
Land, and what is built on it, is a tangible product and scarce resource.
It means that people are recruited to certain jurisdictions over others whether by schools or by restaurants, or by something else.
Exactly.
Dude...ya lost me.
We're you trying to argue in your first post that the residential RE market in greater Boston is a pyramid scheme? Or now are you spinning to talk about shysters selling swampland?
And you're grasping at nothing on your 'recruitment' definition. No school district or restaurant ever recruited me. Where has this happened to you? Do you know what 'recruit' means?
Nothing you've put forth hits any pyramid scheme button.
We're you trying to argue in your first post that the residential RE market in greater Boston is a pyramid scheme? Or now are you spinning to talk about shysters selling swampland?
I’m saying that land isn’t inherently valuable, and that small groups of individuals have been convincing American buyers to put unreasonable amounts of money into plots of land. Said investments benefit the small groups of individuals more than they benefit the buyer unless the buyer can maintain the ruse until someone comes along who’s willing to spend even more for the same [inherently worthless] land.
Quote:
And you're grasping at nothing on your 'recruitment' definition. No school district or restaurant ever recruited me.
I’m saying that land isn’t inherently valuable, and that small groups of individuals have been convincing American buyers to put unreasonable amounts of money into plots of land. Said investments benefit the small groups of individuals more than they benefit the buyer unless the buyer can maintain the ruse until someone comes along who’s willing to spend even more for the same [inherently worthless] land.
Where is all this worthless land bought and sold? In greater Boston? You're grasping. Rural and undeveloped land stays unsold for long periods of time.
I'd love to see you post any actual numbers about this vibrant speculation and active recruiting market on invaluable land.
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Originally Posted by Boston Shudra
Are you sure?
Do you know what recruit means?
Sorry, kid, better check your OP again and get back to us.
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