Wacky Real Estate News: Housing Bubbles & Prostitutes


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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Joshua Dorkin

Joshua Dorkin (@jrdorkin, Google+) founded BiggerPockets.com when he saw a need for free, trustworthy information about real estate investing online. Over the past 12 years, Josh has grown the site from self-funded hobby to full-time job and passion. Today, BiggerPockets brings together over 600,000 members, housing the world’s largest library of real estate content, iTunes’ #1 real estate podcast, and an array of analysis tools, all geared toward helping users succeed.


  1. 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.

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