Sunday 23 June 2013

The world's worst time-share investment, or the world's best property 'flip'?

LOL. A guy bought an old US military storage facility in the middle-of-nowhere for $510,000 in April, on-sold 75% to another guy who is now trying to lease space at $1,000 per square foot as a 'resort' facility cum post-apocalypse bunker...

Since the 75% share apparently provides two million square feet of floor space, that means your $1,000 square foot originally cost under 20c a few months ago! But don't worry that you might be ripped-off, rest assured that the guy has 'plans' to put in blast doors real soon now... ;)

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