Sunday, May 01, 2011

Startup: Housing Bubble (HBL)

Housing Bubble is a real estate broker that sells mortgages to financially unstable people at exorbitant interest rates.  HBL then repackages the loans and sells them to third-party investors as high-quality investments.  When the debtors default on their mortgages, the third-party investors lose their money but Housing Bubble has already made its profit.

I know I’m at least three years behind the times, but at least there’s some flavour to HBL.

Comments

spikebrennan:

05-01-2011 12:05:05 UTC

Needs a business plan that conforms to the rule, doesnt it?

Ely:

05-01-2011 12:30:50 UTC

No.