The Solution to the Housing Crises
Using the basic principal that you would use in a crises: "Cash is King" and "Debt is Dumb", private investors will work in cooperation with local, state and Federal government. The "pooled capital" will be used to purchase properties. Detailed plan is at: http://www.tpsnet.com/solution
Q1: What is your thoughts on this?
Idea Description
Using the basic principal that you would use in a crises: "Cash is King" and "Debt is Dumb", private investors will work in cooperation with local, state and Federal government. The "pooled capital" will be used to purchase "bank owned properties" well below market, that were lost in foreclosures (REO's). These purchased properties would be renovated by local contractors and rented at a "positive cash flow" that is paid back to the investors after expenses are made. Since there are no loans on these properties, there is no interest paid back to the lender, a positive cash flow is much more easier to attain. A more detailed plan is at: http://www.tpsnet.com/solution
What will you do if you win $10,000 for this idea?
Start the pilot project in a very hard hit area: The City of Lincoln in Placer County, California.
Vote for it now.
I like your idea; I want to improve your odds of getting funding I will vote for your idea if you will vote for mine. My idea is for a web site that raises money for inventors and entrepreneurs called New Idea website Check out my idea blob submission and visit New Idea Website and see what I can do for you. http://www.ideablob.com/ideas/4060-NEW-IDEA-WEBSITE The need for jobs is one of the biggest problems that a democratic government faces because creating jobs is an unwanted byproduct of business and industry. The reason I say its unwanted is the more jobs a business creates the more its expenses are and the smaller it’s bottom-line. If business and industry have their way they would run their companies with no jobs at all no management or labor. To deal with this dilemma I pr…moreopose a federal venture capital carrot fund that literally pays entrepreneurs to create jobs. The investment bank would be expected invest in seed level startup projects like yours and to lose money at a specified dollar per jobs ratio for example during hard times that figure may be as high as $20,000 per job and good times the figure may be as low as five dollars per job, by controlling this ratio the fed could roughly control unemployment. The bank will be expected to fund novel products and services and stay away from things like restaurants that will simply draw jobs from other restaurants or moving factories from one part of the country to another. If you like this idea vote for it and send the congressional letter from the website. Sincerely Frank Scruggs