What is it called when a group of people circulate money for home-buying?

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-- What is it called when a group of people circulate money for home-buying?

Posted by Akridrot on Nov-04-2006 18:52:

What is it called when a group of people circulate money for home-buying?

There's a name for this, but I fucking forgot..

Like it's a big(ish) group and everyone deposits some set amount of money each week/two weeks/month that goes to one person, and they do this until everyone gets paid. It's a really obscure thing I think.. but I need to know what it's called.

example: Persons 1 - 10 will all put in 100 dollars every two weeks, and that entire 1000 will go to a different person each cycle.

Posted by Marc Summers on Nov-04-2006 18:52:

earnest money?

loan sharks?

Posted by Sunsnail on Nov-04-2006 18:53:

timeshare

Posted by Mr.Mystery on Nov-04-2006 18:54:

Fooling oneself.

Posted by Akridrot on Nov-04-2006 18:55:

Thanks. I remember my mom telling me how she planned on joining one a long time ago with mostly family.. but it didn't really work out. She never knew the proper name, because moms don't know things like that.

Posted by Akridrot on Nov-04-2006 18:57:

I wish Google was a real person.

Preferably a woman... imagine getting your dick sucked by Google.