More like a kindergartner.
What I’m getting is that he bought the house for 1.5 million, then it was assessed for 1.3 million, and the buyer said “It’s not worth that much!” right after paying the 1.5 million.
Doesn’t speak well for the buyer’s business accumen.
Hey he seems to be in the newspaper business — a dying endeavor.
This rich newspaper magnate Egger bought the $1.5M house in May 2006, right around the peak of the real estate market boom. Nearly everybody who bought a house during 2005 - 2007 paid more than today’s market value.