HUD homes

[brokeasskorean]

@Darkstar

buy up a bunch of houses. real shitholes.

link up with an urban redevelopment non-profit.

find a property assessor that will play ball.

have assessor write phony assessments for much higher than properties are worth.

have your non-profit approach HUD, say they want to buy the homes and redevelop into affordable working class housing.

HUD guarantees the loan. Go to bank, get money.

Sell houses to the non profit for big fucking profit.

Non-profit fails to make loan payments because “unforeseen construction expenses and repeated vandalism have forced the project into dissolution”.

Give 10% of the profit to non-profit, 10% to assessor.

20% to Darkstar for giving you the idea.

Retire on the other 60%.

hmmm. kinda sounds like what got the real estate market in the shit hole that its in right now.