For several years, the buoyant housing market was the source of all good things: new jobs, increased wealth, and easy credit. But once a hot market goes south, so does its public image. Now that the bubble has popped, people are blaming it for all sorts of things: slowing sales at Home Depot, a credit crunch, and job losses.

Now, as New York’s WCBS-TV reports, a couple is reporting that the popped housing bubble is responsible for their suburban home being turned into a brothel:

New Rochelle Police raided a 3-bedroom home on North Avenue Friday night after undercover officers responded to a Craig's List posting for a dominatrix. Police arrested four alleged prostitutes and the homeowners.

The house, they say, had been turned into a brothel complete with heavy shades over all the windows and a red ribbon placed out by the sidewalk to indicate they were open for business.

Richard Werner and Heather Mezzenga are charged with promoting prostitution. The two are both mortgage brokers who moved out of the house roughly two years ago so they could begin renovating a home on Mountain Road in Pleasantville.

New Rochelle neighbors told CBS 2 the house had originally been listed for $750,000 but didn’t sell even after the price had been dropped to $600,000.

David Saperstein said, “He couldn’t get his price, then he rented,” but a series of families came and went and the house fell into apparent neglect until new occupants apparently arrived two weeks ago.

Saperstein says the lawn was cut, and heavy shades were put up on all the windows but he never saw the new neighbors.

“The air conditioning was running all day and no one’s there,” he told us. “But at night there’s five, six, seven cars there.”