Comments on: 5 Bizarre Real Estate Investments

By: Dave

Dave — Thu, 25 Jun 2009 01:35:11 +0000

Hotel room ownership:

That is the mode that most of the Trump towers around the world operate under.

By: Jonny

Jonny — Wed, 24 Jun 2009 18:29:59 +0000

I got one: Dock-ominium.

My bank financed a bunch of dockominiums a few yrs back when a resort wished to raise some cash in selling their dock slips.

The dockominium is like a condominium, in that there are common areas (the piers, the boathouse, etc) and a fee for maintenance of the common areas.

However, as real estate, you can’t sell water, and you can’t sell the docks, which are not permanent. Legally, the dockominium is defined by a specific amount of space (air) over the water, to which the owner has property rights (and would presumably park their boat).

I left that bank, and I don’t know how well these things kept their value, however, since space is limited, clearly these properties had some value in the harbor. They were roughly $20-40K per slip depending on size and location in the harbor.

By: Johnny Cat

Johnny Cat — Wed, 24 Jun 2009 18:24:04 +0000

Recently in Portland, the cruise ship “The World” stopped in town, and it looked interesting. It’s a luxury type cruise ship full of condos, and residents simply cruise around the world, stopping in rare as well as famous ports. If only I had 17 million, I’d buy one.

reCaptcha: discourage airmail (nice)

By: Hyacinth

Hyacinth — Wed, 24 Jun 2009 18:23:13 +0000

GREAT! Another harebrained scheme for me to take home to my husband. I think he secretly loves it when I come home and say things like, “Honey, let’s quit our great jobs and run a miniature golf course!” (But, really, wouldn’t that be… next to hyperbole… the BEST THING EVER!?)

By: Beau

Beau — Wed, 24 Jun 2009 18:21:10 +0000

Back in 2007 when the Mega Millions lottery was up to $390,000,000 I asked my wife if I’d be able to spend $4,000,000 of it to buy and converting an old missile base into a vacation home. She agreed but, alas, we did not win…

By: Tricia

Tricia — Wed, 24 Jun 2009 15:17:46 +0000

Haha nice legal note at the end. I can see it now: “The Plaintiff claims MentalFloss told him/her to live in an abandoned missle silo, which was then blown to smitherines by an old Soviet missile. They are seeking damages and a lifetime supply of awesome trivia magazines.”