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+--- Thread: Wal-Mart.. taking over a city near you (/showthread.php?tid=169148)
Wal-Mart.. taking over a city near you - Ombligo - 07-14-2014
Okay, so it isn't really happening but it does put into perspective just how rich the Walton family is. Using the assets of the world's largest fortune, they could purchase a few choice pieces of property across America. By using a city's combined property values to establish a sale cost for that community, the Walton's could start by purchasing some waterfront in the Pacific Northwest - Seattle for $111.5 billion.
But that would leave them with enough left over to afford some of the other cities. Beyond Seattle they could afford Dallas for $109.4 billion, Washington, D.C. for roughly the same, Miami for $92.8 billion, Portland for a billion less, Baltimore and Austin, Texas for $88.8 billion, Las Vegas for $86.5 billion, San Antonio for $85.8 billion and Atlanta for $78.1 billion.
I wanted to say something witty here involving Target or Mom & Pop business's, but I still trying to wrap my head around those numbers.
To see what cities other billionaire's could buy -- https://in.finance.yahoo.com/photos/24-billionaires-who-could-buy-entire-cities-1405332539-slideshow/photos-whole-cities-that-billionaires-could-afford-photo-1402095453412.html
Re: Wal-Mart.. taking over a city near you - OWC Jamie - 07-14-2014
Why buy it outright and have to maintain it when they can just mortgage it.
They could likely offer bargains undercutting the big banks everyone loves to hate-even more than Walmart.
Re: Wal-Mart.. taking over a city near you - Mini 9 - 07-14-2014
All of us could likely be paid to take Detroit
Re: Wal-Mart.. taking over a city near you - Black - 07-14-2014
billb wrote:
Why buy it outright and have to maintain it when they can just mortgage it.
They could likely offer bargains undercutting the big banks everyone loves to hate-even more than Walmart.
This is a good point. Why would you -want- to buy a city?
Re: Wal-Mart.. taking over a city near you - mrbigstuff - 07-14-2014
how about the "foreign billionaires" already buying up large properties just to sit on them?
http://onpoint.wbur.org/2014/07/09/foreign-condos-market-investment
Re: Wal-Mart.. taking over a city near you - Lux Interior - 07-14-2014
Black wrote:
This is a good point. Why would you -want- to buy a city?
Billionaire Boredom?
Re: Wal-Mart.. taking over a city near you - Filliam H. Muffman - 07-14-2014
Black wrote:
[quote=billb]
Why buy it outright and have to maintain it when they can just mortgage it.
They could likely offer bargains undercutting the big banks everyone loves to hate-even more than Walmart.
This is a good point. Why would you -want- to buy a city?
Why buy a city when they can just destroy it's economy and watch it collapse? (Which they have done multiple times).