Tag: Property

As Seen On EBay

And now for something completely different (thank you Monty Python)

Have you heard about the CEO or something from Oracle that is buying a Hawaiian Island?  How about good old Sir Branson that owns an Island in the Bahamas? Or wiz kid Ted Turner who is the largest land owner in the US?  Have you ever wanted one of those chic Italian villas?

Years ago actress Kim Basinger bought a town in Georgia…yep the whole damn town….then I thought it was crazy to own a town but Hell it seems that it is almost common place nowadays……

Ever go on Ebay looking for that special thing to bid on and then go into cardiac arrest waiting to see if it is yours or if some low life sniper beat you out of your desired item?  If so, then here is an auction for you!

A screenshot from the listing.

(Newser) – Ever dreamed of a Tuscan home? How about an entire town? If you’ve got $3.1 million to spare, you could score one on eBay, the Telegraph reports. The 800-year-old village of Pratariccia is for sale on the auction site; the buyer will get 25 run-down houses among scenic hills not far from Florence. You won’t be purchasing any new friends, though: Pratariccia has been empty since the 1960s.

“It’s a unique once-in-a-lifetime opportunity to own your very own Tuscan hamlet, and the price is a complete bargain,” says the agent in charge of the sale. The property is currently owned by a monastic order. Posted in the classified section of the site rather than the bidding section, the village had been listed for $6.3 million, but the price has since dropped; two offers have fallen through. Local officials say it’s an incredible development opportunity—but the buyer will have his work cut out for him, notes Business Insider: The stone homes are collapsing and plants are taking over.

You too could be a land owner and a squire about town…….

The Next Economic Tsunami?

We have had our economic crisis…the financial system all but totally collapsed and thanks to the good will of the American tax payer….they survived….unfortunately the taxpayer is not as lucky…they are having an economic crisis of their own….loss of jobs, benefits, housing and retirement……and that is not the only problem….this one the government is trying to avert….but their efforts are a bit late and a bit impotent….

If you believe the hype, especially the hype that is spun by CNBC and WSJ among others, thenb we are slowly finding our way out of the economic nightmare of the past year….by the way…it is a LIE….all spin and HYPE!

allbusiness.com is reporting:

Rising losses on commercial real estate loans will continue to hurt U.S. banks in coming months and pose the biggest challenge for many financial institutions and their overseers, regulators said Wednesday.

Real estate loans will continue to be “the most prominent area of risk”

for banks over the next several quarters, Federal Deposit Insurance Corp. chairman Sheila Bair told lawmakers at a Senate hearing.

With more than 7 million jobs lost in the recession, office space has sat empty and developers have defaulted on their loans. The $6.2 billion in loans backed by commercial properties that banks wrote off as lost in the past two years will likely grow sharply as more loans come due, Bair said.

Nearly $500 billion of the loans are expected to come due annually over the next few years.

This will be the next nervous breakdown for the financial biggies……

look around at your area….check out Malls and office buildings…are they doing well?  Are they filled to maximum?  The jobless rate will fuel this wildfire that is at this time smoldering….but before long will burst into the flames of economic crisis….yet again…..but will this squeaky wheel get government grease?  Will the American taxpayer be on board with another bail-out?  If you think that there is anger in the heartland now….just try to bail out more corporations……