Australia, New Zealand, etc.) ended up adopting a version of what he proposed.

I am from Australia and my business partner is from Boston.

At thirteen I chose Brazil, India, Australia, South Africa or Belize as countries I would like to live in.  

There is no scam and I find it appalling that you want to deny math.If you can show how you get access to equity in your simple interest universe where the lender requires you to spend the vast majority of your monthly payment on your amortized mortgage to cover interest, I would be happy to hear how.Otherwise I suggest you stay away from the word scam - or maybe you read up on how houses in Australia and the UK are financed.

This will be a great thing to think through during my flight to Australia in a few days!

Last year I moved back here from Australia to get in with the Tacoma scene.

I live in Australia.

the guys in Australia were brutal on fees .. when they took their share and split it with the west coast marketer..  

This is not unique at all as there are many countries in the world where foreigners cannot own freehold and landed property except in certain circumstances and these countries include Singapore, Malaysia, Hong Kong, Australia, India, Switzerland, Vietnam, Korea, Japan etc. etc As a consequence in our situation we are NOT a condominium but are classed as an APARTMENT complex [REMOVED] and [REMOVED] (a different meaning in law) and as such we only do Leasehold but as previously explained we then give the Land Ownership Company to the owners themselves so they are leasing from themselves and become both the Lessor and Lessee, nothing could be safer!

SF, LA, London, Hong Kong and Sydney in Australia are all appreciation markets.Auckland N.Z which I invest in and flip also becoming an appreciation market only. house prices increased by over 75% from the peak of the last boom in 2007 and the median house price is near 1 million dollar. say +800k.