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To: Nachum
ah, help me out here.

I've never been very god at math - BUT “an average of $12,666 ...” for 150 houses.

I upped it to $14,000 x’s 150 and it comes out to a bit over 2 million.

1.9 BILLION spent to buy 150 houses that they paid a bit over 2 million for?

Where’d all the other money go?

Even assuming they're going to rehab these houses - how is that going to come to 1.9 BILLION? What is that? about 12 million each?

7 posted on 02/09/2010 9:00:17 PM PST by maine-iac7 ("He has the right to criticize who has the heart to help" Lincoln)
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To: maine-iac7

million...million....


9 posted on 02/09/2010 9:05:27 PM PST by dragnet2
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To: maine-iac7

They money was lost in the purchase of the homes and the later reduction in value. I think.


11 posted on 02/09/2010 9:10:55 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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