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
Posted by blogger at 4/23/2006