It's truly funny to hear what they call the bubble over here - the Housing Ladder (seriously, I'm not making this up!)
As in "get on the housing ladder before it's too late!" and "once you're on the housing ladder, you can move up to the next rung!" Ahhh... nothing better than a great pyramid scheme...
Then there's this site - First Rung (really, I'm not making this up!). It encourages non-ponzi-scheme members to sign up for the program (i.e. be the last sucker in)
Well, the good news is they have a message board. I of course posted today. Feel free to crash the board and have fun! Perhaps a few of us yanks can help the potential First Rungers avoid the biggest mistake of their lives.
April 23, 2006
HP'ers: Help the UK "First Rungers" avoid getting on the "Housing Ladder" before it's too late
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7 comments:
As a former Londoner, I can confirm this crazy obsession with housing in the UK.
I sold out in 2003, quit my corporate job, left London and now at 33 retired on the beach.
I loved the housing ladder music.
Thank you ponzi scheme.
African Geek :)
I give First rung my full backing and I am sure I can speak on behalf of my members, you need to read between the lines first before making rash statements, they have been supporting thecause of the first time buyer - by way of making them aware of the pitfalls etc.....
http://forum.globalhousepricecrash.com
Keith
I love it! The trolls are putting you down for not being properly knowledgeable about the true intent of their site. The first thing I saw was a bank link to get a 100% mortgage. Some Help!
LOL!
K.
can you tell me more about the picture ?
thought it was a nice ladder picture. but in reality it's about souls of humanity on the march to heaven, being tripped up along the way by demons as humanity watches, and jesus awaits
I forget the painter
Nice painting though. I can tell you living in london, I'll never be surrounded again by such great art. it's almost too much
cheers
Suzanne researched this!!!
Z housing ladder be turnin' into a snake!
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