Towns for Sale – Yahoo! Finance


New trend in neighborhood development. In light of “no new taxes” and the economic disparities between the haves and the have-nots, perhaps planners need to appeal to the rich to improve our neighborhoods. Government is increasingly unable to fund neighborhood improvements. The rich, however, are hard-pressed to know what to do with their gazillions:

“News items pop up regularly about entire towns and villages going up for sale. In April, Buford, Wyo., sold to a Vietnamese buyer for $900,000. The same month, a couple bought the tiny town of Wauconda, Wash., for $360,000. In May, the French “ghost village” of Courbefy sold to an American photographer for about $643,000.”

via Towns for Sale – Yahoo! Finance.

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