One way to avoid the mortgage meltdown

By Libby Atrios calls this creative financing. Sheriff's Office narcotics detectives reported raiding three houses where hundreds of marijuana plants were being grown. [...] The same group of people bought all the houses in 2005 and allegedly set up the grows, according to detectives. Investigators think the owners were using the marijuana grows to pay the mortgages on the homes. "It appears they've been financing the houses with the cultivation and sales of marijuana," Carney said. Makes sense to me. Unless you're a one percenter, all the big money is in the black market. Meanwhile, the PD just contributed to the housing crisis. There's three more that will going into default.