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