[Always Right]

So he paid $450K for it and rejected a bid of nearly $750K??? He obviously got the property at a good price, but is being a bit greedy.

[randog]

Yeah, but he dumped 1/2 million into it, so he needs a million+ to break even.

[sirchtruth]

...but is being a bit greedy.

Ya, think! I think the place will never sale for more than the taxed assesed value. Todd let the best oppotunity slip right through his hands.

[rawhide]

Todd said later that the $250,000 profit he would have made simply wasn't enough. "By the time you pay a commission and taxes, it gets eaten up real quick," he said. If he can't do better in a conventional sale, Todd said, he has other ideas for the property. "We've talked about a bed-and-breakfast," he said. "All the bedrooms have their own bathroom, and we could incorporate the kennels in the back: Bring your pet."

He is a little bit greedy I say.