patrick.net

PockyClipsNow says

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 .

Darrell In Phoenix says

everything says

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.

everything says

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.

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!

Darrell In Phoenix says

terionthelake says

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.

PockyClipsNow says

The millionaire buying the homes is just doing it to show off (get chicks).

You did click through to see his picture, right?