They can last forever, if the price of real estate keeps going up
forever. And it will - on average. The problem is that real estate
prices don't follow the smooth increase of a municipal bond or a T
bill. There are jumps, and plateaus, and from time to time, downturns.


Remember the last big housing downturn? An awful lot of people walked
away from properties that were upside down. The first trust deed
holder recovered something - more or less, depending on specifics. But
second trust deed holders lost it all.

I'm with you, Bob, I hope he's on the up-and-up. It's one of the
nicest websites I've come across. But this is a kid with a history of
(ahem) exageration, who hung out with Captain Zoom in his formative
years. And he wants people to trust him with their money. I look at
his pitch and I think "When something looks too good to be true - it
probably is."