Yer dang right, Comrade! Not to mention the iron boot of oppression crushing the necks of the proletariat. But our turn will come, oh, yes it will, and when the Revolution arrives the bloodsucking capitalists will be stood up agains the wall and SHOT!
Wait a minute, which forum is this? Uh, hey, folks, just kidding...heh heh...
An interest-only ARM is today's counterpart to the sort of speculation that sent people jumping out of windows in 1929. I hate to sound heartless, but the last tier in a Ponzi scheme always ends up broke and the first tier walks away with their money. And the first tier is always smaller.
Real estate is still a great investment if you are patient and build equity. If you treat it like a get-rich-quick scam it will treat you like a mark.
What the marks don't realize is that the Ponzi Scheme is an inverted pyramid, destined to topple.
Arise, ye prisoners of MacMansion . . .