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Wal-Mart.. taking over a city near you
#1
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-b...53412.html
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#2
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.
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#3
All of us could likely be paid to take Detroit
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#4
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?
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#5
how about the "foreign billionaires" already buying up large properties just to sit on them?

http://onpoint.wbur.org/2014/07/09/forei...investment
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#6
Black wrote:
This is a good point. Why would you -want- to buy a city?

Billionaire Boredom?
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#7
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).
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