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I hear you all loud and clear, but I still find it impossible to believe that a bunch of smart business people become financial retards when it comes to buying a home.
“in a crappy location”
Shockingly, just because you don’t like it doesn’t mean nobody does.
Lech;
I really think you should take a drive around that area before passing judgment on their homes. I know of few homes built today, in any area of the US, that utilize real terra-cotta shingles on their roof. I know a contractor who works on these homes, and those roofs alone easily cost $100K and more.
Also, I would estimate their size to be more on the order of 4000 square feet.
jackal, in all seriousness, I gave my opinion on last week’s thread. I distinguished between teh RE transactions, which I do not believe are fraudulent or money laundering, and how they made their money which, although by legit and well known retail garment and other businesses, I would imagine a fair amount of sales tax skimming and creative bookkeeping took place along the way to amassing the fortunes. I do believe they are spending their fortunes the way they want.
Lech, some have been known to come around during a big circle jerk.
im more curious what kind of taxes are being paid on these houses. most likely next to nothing. if someone is gonna claim a house is worth 10K, i think they should be paying a toooooooooooon more in property taxes. tho, i believe that should be the case across the boar
d
*roB*
By Arkady on May 24, 2011 1:37 PM
dibs – Please don’t impugn the intelligence of goldfish by comparing them to people. Even after a winter of no contact, Ranger & Hawk eat out of my hand & come to the surface when I ask them to. That’s good long-term memory!
Whenever I come close to the tank, Oscar and Serafin go all wild. I like to think it is that they are glad to see me but suspect it has something to do with bug pellets. Just like my Aldo and Pippa. I believed that they loved me as I loved them, but in my darker moments suspected that they loved me for my opposing thumb.
It’s def a disease – spread by $500 strollers.
slow down people. I’m trying my best to catch-up on the OT posts as I do some follow-up work on that stupid mtg