It could have been yours.
If you and a bunch of your friends--let's pretend there were 20 of you in total--had gotten together last week, you could have bought the Pontiac Silverdome. Former home of the Detroit Lions; the site of WrestleMania III. It sold at auction for $583,000. You read that correctly.
For that money, each of your pals would have needed to come up with just $29,000. Pretending that you could finance it like you would a vacation home (which you couldn't, or course, but play along for a minute), that meant that each of you would have needed to put down $5,800 for the downpayment and then $125 a month for the mortgage. That doesn't count taxes and upkeep, of course. But still.
For half the price of a used Honda Fit, you could have gone with your buddies and played your Thanksgiving football game in your very own domed stadium.
1 hour ago
I wonder how much the yearly property tax bill will come to.
Post a Comment