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Coral Gables man leaves historic house to Uncle Sam
The Miami Herald ^ | December 11, 2011 | Perry Stein

Posted on 12/11/2011 8:14:14 AM PST by Brandonmark

The United States government had more than two million reasons to celebrate Saturday.

A longtime Coral Gables resident designated $1 million and his historic home to the federal government in his will to help wipe away the nation’s $15 trillion public debt.

Uncle Sam put the home on 1248 Coral Way on the auction block Saturday. The winning bid: $1.175 million.

The 1929, Spanish-style home belonged to James H. Davidson Jr., who lived in the home since his teenage days in 1938 and died childless last December at 87.

The home was officially designated a historic landmark in November by the Historic Preservation Board of Coral Gables.

The Miami-Dade property appraiser’s office values the two-story home that sits on four lots of land (double the size of most houses in the area) at just over $700,000.

The average list price for similar homes for sale in that area is $1.2 million, according to the real estate website Trulia.

“It’s incredible, the house really has remained untouched,” said Kelley Schild, a Coral Gables resident who came out Saturday to check out the house and see the auction.

The auction attracted about 100 people Saturday. Fifteen people registered to participate in the auction, which required them to turn in a $25,000 cashier’s check to the auctioneer that was promptly returned at the end of the auction.

(Excerpt) Read more at miamiherald.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: economy; govt
"Upon his death last December, a man left his historic Coral Gables home and $1 million from his estate to the federal government."
1 posted on 12/11/2011 8:14:17 AM PST by Brandonmark
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To: Brandonmark

I understand his desire to help his country, but giving money to a drug addict isn’t the right way to help them.

He should have left the money to Heritage Foundation or some other group trying to get the spending under control.


2 posted on 12/11/2011 8:17:51 AM PST by FreeAtlanta (Coffee for your TEA party (www.dougsmugs.com))
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To: Brandonmark

Whew, I was so worried about the national debt and now it’s been eliminated... oh, wait, my mistake, that didn’t even cover the government’s spending for the time it took to type this.


3 posted on 12/11/2011 8:19:03 AM PST by bgill (The Obama administration is staging a coup. Wake up, America, before it's too late.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Brandonmark.
...to help wipe away the nation’s $15 trillion public debt... The winning bid: $1.175 million.
So, one million, two hundred fifty thousand more endowments like this, and we'll be in the clear -- unless we have another four years of Obama.


4 posted on 12/11/2011 8:27:22 AM PST by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Whoops, make that 11,914,893.617 more endowments like that...


5 posted on 12/11/2011 8:29:09 AM PST by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: Brandonmark

Photo and map: http://tinyurl.com/blwpz5w


6 posted on 12/11/2011 8:29:27 AM PST by Rebelbase
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To: Brandonmark

More proof that brains are not a necessarily a prerequisite to having a lot of money.


7 posted on 12/11/2011 8:35:10 AM PST by EternalVigilance (The Republican Party is retrograde. And that is not a compliment.)
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To: Brandonmark
I find myself, due to circumstances, wondering why these millionaire plus bequeaths never are made to struggling middle class Americans for whom such a gift could do amazing things to improve their lives and the lives of their children and grandchildren?

When someone leaves their estate to a cat or dog, what does that ultimately say about the deceased? Yes, that they truly cared for their animal friend(s), but it also screams that they had little regard for their fellow humankind. Is it that the media just doesn't report it, or that it never happens that a wealthy person leaves their estate to a pair of grandparents for whom the bequeath will improve lives across generations?

8 posted on 12/11/2011 8:44:51 AM PST by MHGinTN (Some, believing they cannot be deceived, it's impossible to convince them when they're deceived.)
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To: Brandonmark

Imagine being such a pathetic loser that you can’t think of anybody close enough to you to leave your estate to.


9 posted on 12/11/2011 10:07:55 AM PST by E. Pluribus Unum (Holding our flawed politicians to higher standards than the enemy’s politicians guarantees they win)
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To: Rebelbase

Brings back old memories ... of attending St. Theresa Catholic School just a few hundred feet away. Went there every day for years, and never saw or knew of it.


10 posted on 12/11/2011 10:09:31 AM PST by omni-scientist
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To: Rebelbase

Brings back old memories ... of attending St. Theresa Catholic School just a few hundred feet away. Went there every day for years, and never saw or knew of it.


11 posted on 12/11/2011 10:09:45 AM PST by omni-scientist
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To: omni-scientist

Graduated from Gables in the late 70’s.


12 posted on 12/11/2011 10:30:28 AM PST by Rebelbase
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To: Rebelbase

Miami? An abundance of morons. I believe they have never had a Rep. mayor ever and are 5th on the crime list.

I avoid Miami/Dade like the plague.


13 posted on 12/11/2011 10:36:38 AM PST by bicyclerepair ( REPLACE D-W-S ! http://www.karenforcongress.com)
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To: bicyclerepair
Miami? An abundance of morons. I believe they have never had a Rep. mayor ever and are 5th on the crime list.

Excuse me, this is Coral Gables, not Miami, although it is in Miami-Dade county. The mayor of Coral Gables is James Cason, a life long Republican.

14 posted on 12/11/2011 10:53:35 AM PST by Paradox (The rich SHOULD be paying more taxes, and they WOULD, if they could make more money.)
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To: SunkenCiv

If enough people keep spitting in the ocean, someday the west coast will be entirely underwater. You’ll see.


15 posted on 12/11/2011 11:03:49 AM PST by lonevoice (Klepto Baracka Marxo, impeach we much. We will much about that be committed.)
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To: Brandonmark

” designated $1 million and his historic home to the federal government in his will to help wipe away the nation’s $15 trillion public debt. “

Fool.


16 posted on 12/11/2011 11:05:56 AM PST by HereInTheHeartland (I love how the FR spellchecker doesn't recognize the word "Obama")
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To: HereInTheHeartland

Out of $15,000,000,000,000, that’s about $2,000,000 down and only about $14,999,998,000,000 to go. It is to the debt what four seconds is to a year. Now if we could get just 7.5 million more kind souls to do the same thing, the debt would be erased.


17 posted on 12/11/2011 11:11:08 AM PST by coloradan (The US has become a banana republic, except without the bananas - or the republic.)
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To: Brandonmark

He could have flushed the $1M down the toilet and burned the home to the ground and it would have had exactly the same impact.


18 posted on 12/11/2011 11:16:55 AM PST by Mygirlsmom (Disgusted with it all.)
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To: lonevoice

Economically, it’ll happen before that. ;’)


19 posted on 12/11/2011 11:33:07 AM PST by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: Brandonmark

It would have been a more productive use of assets if he gave it away to a random bum rather than dump it in Obama’s stash.


20 posted on 12/11/2011 12:51:43 PM PST by varyouga
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