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Apple Preps for NC Data Center Launch, Paid $1.7 Million to Couple for 1-Acre Plot
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I think samcraig lives in a trailer park and you hurt his feelings. You should say your sorry
BRAVO!!! to Apple for not running to the government. The couple deserves every penny they can negotiate in a free market. This is how it should be done.
Johnny's not a snob. He's very glad for them that they will finally be able to afford a cement pond.
Yes - clearly because I'm socially conscious it must mean it's because I am in a trailer park and my feelings are hurt. You're incredibly wise.
I've had enough of these real estate squatters and land trolls. I think if someone owns a piece of valuable land and doesn't develop it within 2 years, they should lose the rights to that land. It's ridiculous for Apple and others to have to pay these ransoms.
/satire
nobody forced anyone to sell or buy...... it was a business deal
$1.7m for a $1billion data center close to other important apple owned land and infrastructure seems a steal
the word TROLL seems very faddish lately
satire
PS- WOW- not even one NEGATIVE rating so far?
edit- BOOM there goes any rumour about free MobileMe...........
So they spent all of it on a huge house
People don't know how to save & invest money these days...
Eminent domain is one of the most evil things in our society and should only be used when absolutely necessary (i.e. building a highway). It disgusts me when land is forcibly given from one person to another because thats what the state wants. Happens here (NYC) all the time.
So they spent all of it on a huge house
Well, their last real estate investment payed off handsomely...
So they spent all of it on a huge house
Last time I checked, real estate is an investment. Better than spending all of it on Apple products.
So they spent all of it on a huge house
Well, we don't know how much they spent on that house and land. Depending on where it is located, it might not cost all that much when all is said and done, but yeah, I hear what you are saying. If I lived in a modest house I paid $6,000 for back in the day, I'd take the $1.7 million and buy a nicer modest house in a neighborhood I enjoyed, and then retired. They are 62 years old, and their ship just came in. I hope they kept some cash around to live on. I would guess they did.
And even if they spent every last penny on the place, I suppose if money ever gets tight they can sell their new place and buy a more modest house. When you step down from $1.7 million, you can make several steps down and still have a nice place. And buying now, in late 2010, they are buying land and property closer to the bottom of the market than the top. They'll be fine.
Well they bought the land back in 1976. There probably AT LEAST sixty or so. I don't think initially this was about holding out. I think if you live most of your married life in one place and make it something out of nothing, then you decide where you want to live the rest of your life and finally pass on. I'm glad for them as $1.7M is nothing for Apple to pay. They are older folks who now have to move their whole lives to a new place -- that is not easy on their generation.
Sounds like they got some decent new digs!
edit: And they DID NOT spend all of their money on that place -- probably spent less than $400,000 for all of that where they're at.
Sounds like they got some decent new digs!
edit: And they DID NOT spend all of their money on that place -- probably spent less than $400,000 for all of that where they're at.
Good for them on getting that much for there property but... It sort of upsets me that they went and bought a 4,200 sq. ft. house. I don't know them so am making assumptions and could be very wrong but I am guessing that they did not need to buy that large of a house on that many acre. A 34 year old house is not likely to have been very extravagant and they managed just fine with that one.
Seriously, invest the money, fix up your home town, donate a million to a charity, something other than spend it all on a house.
Seriously, invest the money, fix up your home town, donate a million to a charity, something other than spend it all on a house.
Weird. I just did a search for news articles about this couple, thinking maybe a local NC newspaper would give more details about how much they spent on their new place, but nothing. There are just a bunch of Mac sites reporting this Bloomberg story. No one else seems interested.
Maybe in day or two the local paper will write something.
Maybe in day or two the local paper will write something.
To the people who are condemning the poster who wrote "I've had enough of these real estate squatters and land trolls. I think if someone owns a piece of valuable land and doesn't develop it within 2 years, they should lose the rights to that land. It's ridiculous for Apple and others to have to pay these ransoms.
/satire "
I hope you realize (it was even indicated) that the post was SATIRE. The poster was obviously referencing the whole "debate" over intellectual property (all the patent lawsuits). A poster there made the argument that if no one uses their patents for 2 years they should lose the right to have the patent. This poster was adjusting the reply to fit this scenario.
Maybe NC is still someplace in this country where one's home IS his/her kingdom...private property rights prevail!
That being said, good for them that they can enjoy the "American Dream" and sell something of value to someone else free and (relatively) easily. Apple secures another retirement.
But they may need to get another job to cover the landscaping, utility and housecleaning bills.
It's where Apple's finance department have their new mainframes that try and work out why they just paid $1.7m for one acre of land.
The real value on the market for the house & property was just $181,700. The next one apple will most likely not buy from them
It's a bad investment to put all your eggs on the house market, if you think is going to be just like before then it's sad to be you, the market will recuperate but never like before and then another fall will occur faster in time. It's been shown based on economic dates falls that the time between them has become less and less since they are just patching the problem not fixing it.
That's what I am saying, they are just two people living in it, for me it feels they want to feel like millionaires and when they realize the cost of maintenance and other expenses for it, they might end up losing everything else they have. They could buy a super real nice house with half their money and save the rest for healthcare, savings, and other investments. I learned one should never put all their eggs on one basket.
Now, they might have some big savings at the bank from before the buy and might not care to spend the money also...
That's the (intended) beauty of this country - they can spend it how they please. Maybe they have dreamed for a bigger house with a 60" flat screen and a dual-action dishwasher their whole life but coul dnever afford it - why must you try and take that away from them?
It's none of your business what they do with their money, worry about yourself. Should we all discuss how you should live your life?
Their investment window is not measured in weeks, months, or even years. This property will remain theirs (and their family's) for decades. The ebb and flow of the current turbulent market is not their concern.