So would anyone complain if I used the 80% discount like this?
I buy every single house I can get my hands on that has either been foreclosed or abandoned.
I refuse to use the coupon on the labor and materials necessary to fix the house.
I sell the house at market value, and take the money to do it again. If anything, all Im doing is increasing the total number of homes available in a given area and making them affordable to people who could actually use them.
I know it will have a negative effect on the cost of housing, but I have to wonder if the positive effect of having more homeowners and fewer foreclosed properties would mitigate that to some degree. And like I said, my contractors and supply chain people get paid without the use of the coupon, so they make their money.
And I wouldnt use the coupon for personal use. I imagine Id be pretty rich anyway, and wouldnt need it.
My resolution - the next time the Eagles are in the Superbowl, I'm going!
February 10th, 2023