if house prices go up faster than wage growth housing will never become affordable. It’s literally the definition of a pyramid scheme
It’s not. A pyramid scheme is a business model where you get the most of your money by getting other people to join the business, instead of providing a product or service. Think MLMs
It’s not. A pyramid scheme is a business model where you get the most of your money by getting other people to join the business, instead of providing a product or service. Think MLMs
Where do you think the money to buy the house from you later comes from? The next layer of the pyramid.