With DSL you do have a "dedicated line" via copper loop between your modem's DSL port and the port jumpered at the DSLAM. But that is more or less completely irrelevant. A commonly used DSLAM is the ALU 7330, which is typically comprised of 4 cards with 48 ports each. That's 192 potential customers that may subscribe up to 50mbps on a single loop, or 100mbps on a bonded connection (2 lines). For the sake of simplicity let's just say we have 192 customers at 50mbps. That would be 9,600mbps of bandwidth required if the DSLAM is full and everyone is maxing out their connections. But in practice these boxes typically have uplinks of just a 1gbps to 3gbps (1, 2 or 3 gigabit uplinks) towards the RE.
In other words, oversubscribing is standard practice. Any DSLAM that has more customers provisioned than total uplink capacity could experience congestion, making it completely irrelevant if you have a dedicated link of 50mbps, you won't see those speeds if that node is congested. They are getting better at this, congestion issues are thankfully becoming less common than on legacy networks - but the whole "woohoo, DSL so dedicated pipe" argument pretty much completely falls apart. In reality, the service delivered is just as "shared" as anything else. It's all about how you've provisioned your customers vs the available capacity. Cable is a "shared" line, if you want to think of it that way, and yet I have never ever experienced any congestion issues with my cable connection here. Simply put, this isn't a congested area. A given area could be oversubscribed/congested regardless of last mile tech used. 🙂
I will say that it's definitely true "higher" speeds can be problematic with poor inside wiring, but that doesn't mean you can't have a good stable 50 or 100mbps line. If your inside wiring sucks, then fix it. If you can't.. well then yeah, you're screwed. But IMO, the tech is pretty cool. think about it... not so long ago, it was impossible to have anything faster than 56kbps on that same copper wire. 😉 they keep pushing the envelope as to what is possible over that very same copper wire, which i think is awesome. at some point physics will limit how far that can go , but just being able to provide 100mbps+ over that same wire is already pretty amazing, and we still have quite a long way to go before the average user will ever make use of such capacity.