This 65,000 sqft, $25M ask, incomplete home in rural Ontario, featured in ‘Few Offers For Canada’s Biggest Fixer Upper’, G&M 19 Apr 2011.
Here’s an idea: When most opportune, secure this behemoth for the nation of Canada (we should get it for pennies; perhaps even for owed back-taxes), and turn it into ‘The Canadian National Museum of the Perils of Excess, Hubris, and Fantasy’. Exhibits to include images and testimonials from great Canadian bubbles and frauds. Educate young people about infatuation, debt, and ponzi schemes. A pilgrimage destination for realists. Also incorporating a residential reform program for recovering debtors.
A monument to a golden age with feet of clay. – vreaa
You’ll never see those excesses in Vancouver; the land is too dear.
at least this company was not bailed out can’t say that about others companies and the guy who started it learned a lesson he won’t forget if he is able to personally recover and build another company you can bet that he won’t make that mistake again. The real problems are with those running the financial system who have private profits and public losses and have a monopoly on access to financial markets, they can blow up anytime they want and expect to get bonuses and bailed out thus failure is rewarded and the financial industry never learns.
“socialism for the rich, free enterprise for the poor”
we’re becoming more and more like russamerichina everyday!