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Posts with tag Roanoke

The $1.75 eBay house: Foreclosure bargains aplenty

Filed under: Bargains, Home, Simplification, Wealth, Bankruptcy

For months, I've been hearing rumors and tales about incredibly cheap housing in high-foreclosure markets. In Detroit, for example, a house that cost $65,000 in 2006 recently sold for $1, and it's apparently fairly common to find houses in the $300 range.

As in the case of the $1.75 house that Joanne Smith bought in Saginaw, Michigan, many of these super-cheap foreclosures come with a tax bill that is in arrears, but even with the $850 in back taxes and cleanup costs that she will end up having to pay, she's gotten an incredible deal.

Searching through various foreclosure listings online, I decided to check out some of the places where I've lived. In Roanoke, Virginia, where my wife and I briefly contemplated buying a home, the cheapest place I found was running about $1,000. Meanwhile, in Blacksburg, where my wife and I worked, even HUD homes used to run in the $140,000 range. Right now, "motivated sellers" and banks are dropping properties at fire-sale prices.

Searching for a tourism lure: Russia's $42,000 golden enema sculpture

Filed under: Entrepreneurship, Health, Travel

It's interesting to think about how cities compete for tourists. Apart from spending billions of dollars on advertising, fighting to host World's Fairs and the Olympics, and desperately organizing major events, almost every aspect of a city's infrastructure could be seen as part of a bid for the tourist buck. Police? Handy for keeping the tourists safe. Public transportation? Offers a cheap way for the tourists to get around. Sports teams? Keeps the tourists happy while they're here and gives them handy souvenirs to take home!

I thought about this recently when I read about the town of Zheleznovodsk, Russia. Home to the Mashuk-Akva Term spa, the town seems to have long been casting about for a sense of identity. On the one hand, it is noted for the healing powers of its mineral springs; then again, so are many other towns in the Caucasus Mountains region, where it is located. Not long ago, it hit on the idea of using the iconic enema, the delivery system for many of its healing mineral treatments, as a sign of its civic pride. The first step was posters that stated "Let's beat constipation and sloppiness with enemas!" The signs hung in the local spa and garnered a fair bit of attention.

Buoyed by the success of their enema poster campaign, the spa commissioned a sculpture. Costing $42,000, Mashuk-Akva's enema statue shows an 800-pound bronze bulb-style enema being carried by three Botticelli-esque angels. While the sculptor admits to a certain irony in her finished work, the director of the spa considers it to be an utterly non-ironic symbol of the region. It remains to be seen if Zheleznovodsk's new sculpture will become a cultural icon or will end up being a washout. Regardless, the next time I take a trip, I'm going to give a long, hard look at Russia, the land of the golden enema!

Bruce Watson is a freelance writer, blogger, and all-around cheapskate. The more he thinks about it, the more he's impressed with Zheleznovodsk. Come to think of it, maybe New York needs an enema!