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A comment on Ask HN: Where can I live off 1k USD per month?. Parent comment
The "pool of capital" never grows here, either. Landlords get more assets (houses), but also more liabilities (deposits).
A Ponzi scheme is perfectly capable of having underlying investments, by the way. I'm pretty sure Madoff bought houses with his money, too.
> Which they could invest for an 8% or so return
Where the heck do you get an 8% return with no risk? I want in.
> The fact that is has been around for so long
How many decades did Madoff's ponzi scheme last?
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The "pool of capital" never grows here, either. Landlords get more assets (houses), but also more liabilities (deposits).
A Ponzi scheme is perfectly capable of having underlying investments, by the way. I'm pretty sure Madoff bought houses with his money, too.
> Which they could invest for an 8% or so return
Where the heck do you get an 8% return with no risk? I want in.
> The fact that is has been around for so long
How many decades did Madoff's ponzi scheme last?