[Info-vax] OT. Auction of Maynard's Clock Tower Place

[Bob Koehler]

In article <5506059e$0$42946$c3e8da3$9deca2c3 at news.astraweb.com>, JF Mezei <jfmezei.spamnot at vaxination.ca> writes:
> On 15-03-15 17:12, Simon Clubley wrote:
> 
>> I hope so, but the fact the new owners still have to be silent until
>> after the deeds are transferred means we won't know for sure until then.
> 
> If current buildings do not generate sufficient revenues for the current
> owner, and if thew new onwer has/will pay 62 million for a building
> currently worth 18 million, there are strong indications that the new
> owner has plans to make the property worth far more than 62 million bucks.

   Many times real estate in the US changes hands just because the laws
   reguarding investment depreciation have caused favorable economics
   to reach thier end.  Sell the property and the depreciation clock gets
   set to 0.