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Millionaire scoops up all 650 homes in Michigan county's foreclosure auction
2012 Aug 6, 11:49pm 6,882 views 13 comments
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PockyClipsNow
2012 Aug 7, 2:47am
The millionaire buying the homes is just doing it to show off (get chicks).
freak80
2012 Aug 7, 5:19am
The millionaire buying the homes is just doing it to show off (get chicks).
Money, Cash, Ho's, and Homes.
You should thank this guy for paying millions on the crap nobody wants rather than complaining.
That's about it.
everything
2012 Sep 22, 11:35pm
You guys think this millionaire is a philanthropist or something.
He said he's going to sell the homes for a 2 million dollar profit, and try to unload the ones that are not worth anything on charity.
What is Charity going to do with homes that nobody else wants?
Charity likely won't want them, so it only takes about a year to get a house condemned and razed, then no more property taxes.
My point is that he's just another RE mogul is all. One of the other investors who went to the auction made a point saying the county could have made triple the money by auctioning them separately.
lostand confused
2012 Sep 23, 2:10am
The millionaire buying the homes is just doing it to show off (get chicks).
Well, that does give bragging rights.
What do you do for a living?
Oh, I own 650 homes .
He said he's going to sell the homes for a 2 million dollar profit
He can "say" whatever he wants.
As my grandfather used to say TALK IS CHEAP
IMHO this bullshite is like the bullshite flung around about the pre-IPO value of Shitebook. And everyone knows what the reality of that crap was about post-IPO.
they talked you into paying a shit ton of money for the house
Funny, no one talked me into anything when I was buying a house. Shouldn't the buyers be responsible for making their own decisions, and then living with the consequences?
Do you get talked into buying Big Macs or cars when you watch TV commercials? The pressure to buy and spend on a car lot is about 100 times any such pressure in real estate, yet no one talks about bailouts for car buyers, or how sorry we should feel for them that they got pressured into more car than they needed, or weren't warned they were buying a depreciating asset, etc.
DinkinsBay
2012 Sep 23, 6:23am
If this guy is buying homes in Detroit or Wayne County, he is a fool. If on the otherhand he is buying waterfront properties, he is a very wise man. The lakes and rivers in Michigan are absolutely gorgeous and it's a boater's paradise. And.....they are not giving them away!
Cautious1
2012 Sep 23, 6:51am
they are not giving them away!
That would mean a price less than 1 cent.
They "gave" these away for the cost of back taxes, an average of $7385 per property. Mr. Mogul says he'll cull the unsaleable ones by giving them to charity, which will give him a nice tax write-off.
A can't-lose in a rigged game.
Cautious1
2012 Sep 23, 6:53am
The millionaire buying the homes is just doing it to show off (get chicks).
You did click through to see his picture, right?
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http://nalert.blogspot.com/2012/08/millionaire-scoops-up-all-650-homes-in.html
#housing