How to Use the Prevalence Wage to Your Advantage in Deals

Housing authorities are government entities and they have to pay what's called prevailing wages. That means it's about 30 or 40% more than, you know, myself as a private sector person have to pay. So when they need to sell off inventory, like the 50 houses or the 60 unit apartment building, that has really come to the end of its useful life,. They need to put that money that they receive from the sale into newer inventoryThat doesn't cost an arm and leg to keep them up or renovate them. You can use those prevailing wages too, or, youknow, them having to pay prevailing wages, you not to your advantage.

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