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$334 MILLION: Powerball jackpot rolls into the new year

Topic closed. 79 replies. Last post 11 months ago by Teddi.

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hearsetrax's avatar - 0118

United States
Member #52345
May 21, 2007
2659 Posts
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Posted: January 3, 2016, 8:45 am - IP Logged

No winner. Time to buy a ticket with powerplay. What do you think it will roll to now?

 

so long as I don't have to share it !! 

    Teddi's avatar - Lottery-008.jpg

    United States
    Member #142499
    May 13, 2013
    1183 Posts
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    Posted: January 3, 2016, 1:19 pm - IP Logged

    I didn't make it clear, the only development was the price as far as I can tell. There was a small house on it but I think it was there before.

    Bahamas has the added benefit of tax savings. Good thinking there!

     

    Nice to see it rolling again.

    Okay, you've got to give me the links to these properties, because I have GOT to see this. Did you check? Maybe there is a diamond mine on the property.

    Something's got to be going on...I hope. Because there are just too many private islands out there for sale to warrant this price jump for no apparent reason...again, I hope.

    I might wake up early and go running.  I might also wake up and win the lottery.

    The odds are about the same.

      MaximumMillions's avatar - Lottery-013.jpg

      Germany
      Member #164603
      March 8, 2015
      606 Posts
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      Posted: January 3, 2016, 1:31 pm - IP Logged

      Okay, you've got to give me the links to these properties, because I have GOT to see this. Did you check? Maybe there is a diamond mine on the property.

      Something's got to be going on...I hope. Because there are just too many private islands out there for sale to warrant this price jump for no apparent reason...again, I hope.

      I looked it up again and it is now up for 3M$ at one broker and the broker who had it as "60M$" now has it as "price upon request". so I'm guessing they tried to flush a whale or wanted to disparage development as luxury condos or whatever.

        Teddi's avatar - Lottery-008.jpg

        United States
        Member #142499
        May 13, 2013
        1183 Posts
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        Posted: January 3, 2016, 1:54 pm - IP Logged

        lol....the advantage of owning real estate is that you can list it for whatever you want....doesn't mean someone will pay it.

        I have been looking at rentals in my area and I inquired about a house that is over 30 years old and property value assessed at only a couple hundred Ks. I couldn't believe the realtor is asking $3K a month to rent this place. It doesn't even have a garage. She claimed it has a market value of half a million. Would you believe people are actually stupid enough to pay the asking price to rent this place? The reason, apparently, is that it is located in a good school district.

        On an unrelated note, I bought my first lottery ticket of the year today and won 3x my money (2x profit). No Powerball for me :)

        Well that's definitely true. When I see ridiculous mark ups on properties for no apparent reason than the seller's greed, I know I'd personally shy away from doing any business with that person. I wouldn't be inclined to negotiate the price down, I'd simply look for something else. Making a great profit is good business. But when a mark up is to the point where it borders on insanity? I see that as so far north of greed that I question how ethical the seller is and what other unethical things might happen during the sale.

        Now, higher than the norm prices for terrible properties because it's in a fantastic school system? That I get. I've seen enough obsessive parents do financially ridiculous things to get their kids into the best schools they can, so those prices in a high demand school district don't surprise me at all. 

        Watched an episode of House Hunters some years back and saw these people willing to spend over a million dollars for a 3 bedroom 1 bath tiny, unbelievably dated house just because of the school district. I thought they must be nuts. But I keep seeing stuff like that happen so that's what they're willing to pay. They aren't paying for the property, they're solely paying for the location.

        I might wake up early and go running.  I might also wake up and win the lottery.

        The odds are about the same.

          Teddi's avatar - Lottery-008.jpg

          United States
          Member #142499
          May 13, 2013
          1183 Posts
          Offline
          Posted: January 3, 2016, 2:05 pm - IP Logged

          I looked it up again and it is now up for 3M$ at one broker and the broker who had it as "60M$" now has it as "price upon request". so I'm guessing they tried to flush a whale or wanted to disparage development as luxury condos or whatever.

          Hmm, now that's just weird. Could one price the cost for the land and the other the cost with it developed by a builder? Still don't know what they'd be building on a small island for $57 million but at least that would make more sense. To simultaneously have two different prices for the same property with no variation of what's being offered on the property would be insane. Well whatever, let's stick with a Bahamian cay or if you don't mind the cold, Canada always has a lot of islands for sale at really cheap prices. Might not have the same tax benefits, but at those prices it might even out.

          I might wake up early and go running.  I might also wake up and win the lottery.

          The odds are about the same.