Happy Friday Dinks! I hope you all had a great week.
Now it’s Friday and that means it’s time for some light and fun reading before we start our weekends. Today’s content is a little bit mature so if you are under 21 I recommend that you stop reading this, or you get permission from your parents.
For one of my urban planning classes in my final year of University we had a group assignment to revitalize a dying neighbourhood. My group decided to revitalize a low income neighbourhood into a trendy red light district where the residents were safe and the sex was available 24 hours a day. Our final group project showed how the legalization of prostitution could change a neighbourhood from welfare to middle class by taxing an activity that was already present. There is a lot of money to be made in the business of prostitution. The problem is that the act is so taboo not a lot of people with the financial means are willing to invest in prostitution and take a risk that could possibly tarnish their image.
If I had millions of dollars I would definitely change old boarded up factories into trendy industrial condos and brothels. I would take prostitutes off the dangerous streets and put them into a safe working environment. Prostitution would be a legal business where sales receipts are issued to clients, and annual tax slips are issued to employees.
If prostitution was safe and regulated it could be a very profitable business for investors, neighbours, and for the government. The Bunny Ranch in Nevada is a perfect example of how prostitution can become mainstream and profitable. I recently read a trilogy of books called The Diary of a Call Girl series by Tracy Quan which includes Diary of a Manhattan Call Girl, Diary of a Married Call Girl, and Diary of a Jet Setting Call Girl. The book chronicles the life of a girl who turned her sex trade as a prostitue into a profitable business which pays for her expensive apartment in the Upper East Side of New York.
The Diary of a Call Girl series shows that call girls are just like any other type of entrepreneur; they have a client list, a business plan, weekly sales quotas, an accountant, and a lawyer. They support good causes and they have loving families. The difference between a professional call girl and myself is that I work 9 to 5 and a call girl has a flexible schedule.
Here are some posts from around the web about the Profitability of Prostitution:
Fabulously Broke in the City presents prostitution as a necessity in her post Confessions of an Escort: A Look into the Life. FB says that prostitution is the business of basic economics. If there is a demand then there needs to be a supply.
The Telegraph reported that a Hilton hotel was closed in China over an alleged brothel that was being operated in the basement. If prostitution was legal, the hotel could have charged an income percentage or a flat monthly fee for prostitutes to meet clients at The Hilton Hotel.
Forbes stirred up some financial messiness with their post The Economics of Prostitution. They say that sex is a simple business deal like any other. Men buy the goods that women are selling.
Here on DINKS Finance we have discussed the possibility of prostitution to earn extra money if we are in dire financial straits.
(Photo by Moggs)
You can really pick a post topic. Even in today’s, anything goes society, prostitution is still very taboo. Deep rooted in our Victorian traditions, we are a long way from that becoming mainstream. Only recently gambling and lotto have moved their way to the forefront of culture and have become more palatable to the general public. Thought provoking post. Thanks
Wow what a project! How did it go eventually?
We opened our final presentation by asking the audience “Who likes to have sex?” Our professor responded “It depends who it’s with.” We got an A on the project, although the city has yet to implement our revitalization strategy :-) I’m sure that we won’t see a red light district in Montreal any time soon.
I have done a study on prostitution business for my own knowledge. I would say which ever state government makes this legal and starts collecting taxes on it, then that state would be the richest. Personally, I wanted to open/invest in such a business because it’s got huge returns. I would appreciate if you could email me the project or share some insight on this.
@ Neo – Unfortunately I no longer have a copy of the project since I graduated man years ago. Where are you located? I would be happy to provide some guidance on the urban planning aspect. Send me an email and we can discuss kristina@dinksfinance.com