Quote: (03-24-2017 05:14 AM)bacon Wrote:
This reminded me of the bankrupcy of Celebrity Kim Basinger
Quote:Quote:
Buying the small town of Braselton, Georgia for $20 million, with the dream of turning it into a tourist attraction that featured movie studios and a film festival, was a massive failure for Kim Basinger. She became interested in the town while stuck in a traffic jam. She saw a sign that read: "Braselton: If You Lived Here, You'd Be Home by Now" and evidently there was no turning back. We've seen similar signs outside condos near packed freeways in Oakland, Calif., but have never thought of buying the entire city. After buying Braselton, Basinger told reporters, "Finally, here are some people who will know who's the boss."
Northeast Georgia is a long way from Hollywood, however, and Basinger's big plans never quite came together. In 1993, five years after she and her partners bought the town, she sold it for $1 million and later declared bankruptcy.
Braselton has a few luxury houses worth millions like this estate:
![[Image: 20140625070238.jpg]](http://content.bhhsgeorgia.com/dyna_images/agents/45/107383/20140625070238.jpg)
The problem however is that a town is not a money-making machine unless you own most real estate as well and can sell or lease it all, or you import your factories and create some kind of hub out of it.
Basinger probably thought on a coke-high:
"We will make this suburban town into a Hollywood indie-festival place! I will live in my palace and come down to the peasants occasionally and we will make tons of money, because a town makes lots of money!"
Nope - a town costs money and makes usually little. Ever wonder why the globalists never own entire towns? It is better for them to only influence processes like land allocations, real estate decisions - let the taxpayer pay for the burdensome upkeep and regulations.