TL;DR

A reckless investment scheme built on meme stocks and leverage collapsed, leaving participants with losses and full Aritzia shopping carts. The scheme highlights the dangers of get-rich-quick schemes and following unsubstantiated online trends.

Story

Another day, another get-rich-quick scheme imploding. This one? A reckless gamble built on the backs of hopeful homeowners, fueled by caffeine and the illusion of infinite gains. It’s a modern-day version of those pyramid schemes your grandma warned you about, only this one uses trendy stocks and internet slang.

The “plan” was simple, almost laughably so: buy a house using Rocket Companies ($RKT) financing, stay wired on Dunkin’ ($DNUT) and then quickly resell via OpenDoor ($OPEN). Repeat ad nauseam until the market breaks or short sellers throw in the towel. Sounds easy, right? Wrong.

This wasn’t an investment strategy; it was a reckless, self-fulfilling prophecy. Like a house of cards built on borrowed money and memes, the whole thing was destined to collapse. One bad market day—or a single hiccup in the housing market—would be enough to send the whole thing tumbling.

The human cost? We see it in the Reddit threads: people leveraging their mortgages and risking everything for an impossible dream, convinced their memes are an actual business plan. One user mentions already being down 15% on OpenDoor, the “system” clearly not working as promised. Meanwhile, another brags about already having gained five pounds from excess Dunkin’, a grim reminder that the only thing certain about this is potential weight gain. Their wives, like many unwitting partners in these schemes, are left to deal with the fallout.

The lessons are painfully clear and yet consistently ignored: Never trust anything promising overnight riches, especially if it comes with cryptic jargon and internet hype. Remember Enron? Remember the 2008 housing crisis? History rhymes, and here’s yet another grim repetition. Diversify your portfolio, don’t blindly follow online trends, and, crucially, avoid any scheme that encourages you to max out your credit cards based on vague social media posts.

The conclusion is as bitter as it is inevitable: Get-rich-quick schemes are nothing but polished lies. They prey on our insecurities, exploiting our desperation for financial freedom. The only winners in these games are the people setting them up. The rest? Just a bunch of overcaffeinated daydreamers nursing their losses and full Aritzia shopping carts.

Advice

Ignore get-rich-quick schemes. Diversify. Don’t trust internet hype. Financial freedom is earned, not meme’d.

Source

https://www.reddit.com/r/wallstreetbets/comments/1m7qjil/housing_loop_dd_infinity_gains/