GREAT READS → THE MONEY TRAP Issue 673 · August 16, 2017

Too Good to Be True

Why not buy older houses, renovate them, and flip them for a quick windfall — especially with online webinar estimates of $200,000 profit on each house?

Too    Good    to    Be    True

SOUTHERN DISCOMFORT To some passing a law to haul off a statue of Robert E. Lee and changing the name of the space it occupies from Lee Park to Emancipation Park is a capitulation to the politically correct and worse an assault on time-honored Southern values

T

HE PLAYERS

Name: Shloimy and Ruchy Weiss Age: Mid-to-late 30s Number of Children: 4 Location: Not far from Lakewood

THE BAIT

A get-rich-quick scheme that although it has already been proven to make money for other people nevertheless involves substantial risk.

THE BACKGROUND

Shloimy and Ruchy found themselves in a situation facing many young Orthodox families. Shloimy was a couple years out of kollel and his income from his kiruv position was covering their costs — but just. There was no wiggle room in their monthly budget. With a growing family and no savings Shloimy began to cast about for ways of earning some extra cash and building a nest egg.

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