# HUD homes

**URL:** https://forums.speedlife.net/t/hud-homes/203056
**Category:** PittSpeed Off Topic
**Created:** [June 23, 2009, 2:58pm UTC](https://forums.speedlife.net/t/hud-homes/203056 "2009-06-23T14:58:05Z")
**Posts on this page:** 1
**Showing post:** 6

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### Author: ![brokeasskorean](https://avatars.discourse-cdn.com/v4/letter/b/e19b73/32.png) [@brokeasskorean](https://forums.speedlife.net/u/brokeasskorean)
#### Post date: [June 24, 2009, 10:19am UTC](https://forums.speedlife.net/t/hud-homes/203056/6 "2009-06-24T10:19:20Z")

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> [@Best Snow Shovel Ever = Wovel](https://forums.speedlife.net/t/best-snow-shovel-ever-wovel/40517/16):
>
> 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.

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