Tuesday, February 24, 2009

Man Living in Cave Hit by Recession

Many people said that you had to be living in a cave not to be affected by the recession. Jon Stewart said on the September 23rd episode of "The Daily Show With Jon Stewart" that: "For anybody out there who’s been living in a cave: congratulations. You’ve apparently made the soundest real estate investment possible."
Well it ends up that may not be entirely true. Word today from ABC News that a man who has lived in a cave is being forced out due to the recession. He's put the home up for auction on eBay because their five-year loan's balloon payment is coming due. If they can't come up with the money, their cave will be foreclosed. They can't refinance because banks aren't able to properly appraise the cave because they don't have any comparable properties.
Amazingly, this isn't the first people to inhabit this cave. From 1958 to 1985 it was used as a roller-skating rink that doubled as a concert venue hosting the likes of Bob Seger, Ted Nugent and Tina Turner. Now Curt Sleeper and his family are the residents. Oh...and the family just had a baby in the cave. Wow.
I can't make this stuff, people.
 

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