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The concern is that the sellers can ratchet up their asking price if a deep pocketed buyer is known. Walt Disney used a bunch of shell companies to buy up land
by kevin_thibedeau 9mo ago
The concern is that the sellers can ratchet up their asking price if a deep pocketed buyer is known. Walt Disney used a bunch of shell companies to buy up land in Florida. If property owners knew he was buying, they'd ask for much more.
- tokai 9mo agoBut the price should be ratchet up if the demand is there to support it.
- dguest 9mo agoI think it's equal parts "who" and "how much". If Walt Disney wants to buy a bunch of random houses in Florida I think most people would sell them for market price. But if they all know that their specific house is an essential part of a multi-billion dollar plan, you're liable to have holdouts.
- kevin_thibedeau 9mo ago> you're liable to have holdouts That's what happened after his shell companies were exposed.
- salawat 9mo agoReputation working as designed?