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Developer Pays $1,700 for an Inch of Land

Saturday, November 26, 2005

A Michigan real estate developer was the highest bidder for a square-inch piece of land in Owen County, shelling out $1,752.60 for the parcel in a wooded ravine.

Andy Gutman, chief financial officer with NAI Farbman near Detroit, had the highest of nine bids and won the postage stamp-sized property on eBay.

What makes this land so special? Don't know!

It appears to be one of those eBay gimmicks, and this developer saw it gimmicky enough to pay $1,700. Must be nice to have money laying around.

Read the full article.

2 Comments:

  • $1700 for a square inch of land?
    In that case I'll contact him and see if he'll fund a small piece of my kids college at www.putmykidsthroughcollege.com

    Regards,
    Dad

    By Dad, at 5:09 PM  

  • [URL=http://www.johnhomesonline.com][COLOR=Teal]East Bay Real Estate[/COLOR][/URL]

    Think I might get rich with this guy !

    By kthor, at 2:32 PM  

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