Wacky Real Estate News: Housing Bubbles & Prostitutes

by Joshua Dorkin on September 11, 2007

  

In the strangest news story I’ve ever read about the housing bubble, CNN tells us about a couple in New York that transformed their house into a brothel. Apparently, both were in the mortgage business, working for Myles Mortgage Services, and were facing foreclosure on a second home.

Creative . . . but, probably not the best way to go about making some side money.

Oh, the things this bubble is doing to people!

Source: CNN – A mortgage meltdown of ill repute?

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{ 6 comments… read them below or add one }

1 Jason Fox September 13, 2007 at 12:57 am

thats a pretty amazing story. Sad that they actually thought it would work… lol

Reply

2 R.Soto September 13, 2007 at 1:30 pm

Well times are hard in the mortgage industry! lol

Reply

3 Barry Cox September 13, 2007 at 6:52 pm

I saw that story on the news last night as well. Unbelievable. It’s funny though how in this industry agents, brokers etc. don’t save for a rainy day. I know so many people who just blow their paycheck every time they have a closing, and never think about the next month.

Reply

4 Climb Kilimanjaro September 15, 2007 at 7:55 am

Maybe it was the only way for them to get cashflow!

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5 Money Merge Account September 15, 2007 at 8:45 pm

That’s classic! Hey, once you go into the mortgage business you don’t ever want to work for someone else again. Maybe they had some hooker hookups and that was the easiest business to start ;-)

Reply

6 Peter B. September 16, 2007 at 11:25 am

People do crazy stuff… agree.
You should see all those empty houses down here in Las Vegas!

Reply

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