FG Misses Out On Indiana Auction

[Mulboyne]

Independent: Square inch of Indiana land is sold for 1,000 pounds on eBay

Anyone who doubts that property prices are out of whack in the US should take a close look - a magnifying glass would help - at rural Owen County in Indiana, where a developer from Michigan has just spent $1,752 (1,012 pounds) on a pleasant tract of land a pebble's throw from a wooded lake...Among those who lost out was John Jadamec of Japan. Disappointed with the auction's outcome, he said he had been planning to carry the square inch of soil around in his pocket.

That would be...

AURORA ENGLISH
6-17-7 Suzurandai, Minami-machi, Kita-Ku, Kobe 651-1113
http://www.myauroraenglish.com
Tel: 078-511-1576 (Japanese), Tel/fax: 078-592-1795 (English),
E-mail: tania@myauroraenglish.com

Representatives
Tania Siler-Jadamec - Owner
John Jadamec - Owner

[Taro Toporific]

Independent: Square inch of Indiana land is sold for 1,000 pounds on eBay
....$1,752 (1,012 pounds) on a pleasant tract of land a pebble's throw from a wooded lake..

YIKES, IT'S A BARGAN!
Lake access for a homeowners' association generally costs more $1,752 per year in fees. Right now my step brother and I are paying well over $2,000 a year for access to the lake, boat ramp, etc. in Colorado.

The story of the miniature estate goes back to the 1960s, when a local homeowners' association decreed that access to Cataract Lake, about 60 miles southwest of Indianapolis, would be limited to those who owned land on its shores. A local man with 1.12 acres of lakeside property deeded the square inch to his relatives so that they could continue swimming in its cool waters and fishing for the tasty bluegill.
Independent: Square inch of Indiana land is sold for 1,000 pounds on eBay