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Why would someone pay 40% more than the appraised value? In Prescott, Arkansas.
I mean, you want a particular penthouse in Manhattan, so you're willing to pay more than the appraised value because for you it has a greater value.
But what did someone get that was of so much value in a little pharmacy in Prescott, Arkansas? So valuable that they paid 40% more than the appraised value?
You don't think that's a worthwhile question to ask?
Sure it is a worthwhile question. But my question is, for those who have already made up their minds (without any questions to the buyer or any party involved) will any answer but the one they want satisfy them?
I don't know the circumstances of this sale and I doubt the other posters here do, but being on the opposite side politically they are certainly ready to pass judgment. Not a good thing.
Anyone other than me remember the web of grand conspiracy theories concerning Obama's home purchase, yet this is suppose to be merely a wise business decision?
Sure it is a worthwhile question. But my question is, for those who have already made up their minds (without any questions to the buyer or any party involved) will any answer but the one they want satisfy them?
I don't know the circumstances of this sale and I doubt the other posters here do, but being on the opposite side politically they are certainly ready to pass judgment. Not a good thing.
I'm not passing judgment. But I'm not defending him either. This pharmacy is located in a town of less than 4000 people. There are neighborhoods in NYC that are bigger. The average income per capita is around $12,000. I just don't see how a pharmacy in a town with this kind of demographics is going to have a value 40% higher than the appraised value. I don't see how it was worth close to a million dollars. I think Ross has to explain it a little better than simply saying he made a good deal.
I'm not passing judgment. But I'm not defending him either. This pharmacy is located in a town of less than 4000 people. There are neighborhoods in NYC that are bigger. The average income per capita is around $12,000. I just don't see how a pharmacy in a town with this kind of demographics is going to have a value 40% higher than the appraised value. I don't see how it was worth close to a million dollars. I think Ross has to explain it a little better than simply saying he made a good deal.
I did not mean to imply that you were passing judgment. I only meant to question the motives and decisions of those who are already passing judgment on a situation that they know nothing about.
Perhaps there was wrong doing, perhaps not. The least that can be done is a fair inquiry before cries of "Off with his head!" ring around the land. (I know that this is not what you are saying, DC, but it is the tone of others posting in this thread).
Do you know how many people he has given a job to and paid them for showing up?
Stop the whining, the man is against your ObamAcorn scambill and now you do not like him.
Too bad we finally found a couple of dems who see that the huge majority of Americans do NOT want this bill to pass.
I agree,
I can assure you many of the people living in AR do not think he is a scumbag and support him, especially those in his district. They have also made it clear they expect him to vote against the health care plan.
For those of you who do not live in AR (most of you) you may want to read the editorial in the Ark Democrat-Gazette today?
This is just a clear example of how a man or woman of modest income become wealthy after being elected to the congress or senate.
Charlie Wrangle is just as dirty as Ross, but Wrangle is still writing tax laws, go figure.
I am not acccusing the Clintons of being dirty, but didn't they make most of their money after being elected to public office?
yes, you are right, many make their position pay off for them. It doesn't make any different what side we are on, we are all quick to pass judgement if the persons policies are not the as ours.
I can assure you many of the people living in AR do not think he is a scumbag and support him, especially those in his district. They have also made it clear they expect him to vote against the health care plan.
For those of you who do not live in AR (most of you) you may want to read the editorial in the Ark Democrat-Gazette today?
Nita
Sorry, Nita, but he got a million-dollar deal for a pharmacy in a town with a population less than 4000, where the average income was less than $12000 per capita. That's one heck of a trick. The pharmacy sold for substantially more than it's appraised value, 40% more being quite substantial.
And Prescott wasn't booming the way Northwest Arkansas was. That's very much reflected in the fact that the appraised value was less than the assessed value, which is more typical of declining markets.
Representative Ross owes the people he represents more explanation than he got a good deal. This was a VERY impressive deal. And it leads to questions.
I am not acccusing the Clintons of being dirty, but didn't they make most of their money after being elected to public office?
yes, you are right, many make their position pay off for them. It doesn't make any different what side we are on, we are all quick to pass judgement if the persons policies are not the as ours.
Nita
I think actually, they made most of their money after exiting public office.
While Clinton was governor, they lived primarily on Hillary's salary as a lawyer, since I think when Clinton was first elected the salary for Governor of Arkansas was $30,000/year. Even in 1980, that wasn't an impressive salary, especially for a Governor.
The book deals, and speaking fees have since earned the Clinton's a very healthy income.
Why would someone pay 40% more than the appraised value? In Prescott, Arkansas.
I mean, you want a particular penthouse in Manhattan, so you're willing to pay more than the appraised value because for you it has a greater value.
But what did someone get that was of so much value in a little pharmacy in Prescott, Arkansas? So valuable that they paid 40% more than the appraised value?
You don't think that's a worthwhile question to ask?
A quick glance at my property tax bill reveals a shocking revelation - the assessed value is far less than the market value! Just another example of government incompetence or is it normal?
Secondly it is commercial property. Not only that but with an existing pharmacy. The company that bought it is expanding across Arkansas. I bet they paid a premium for other small locations as well. That of course won't be reported.
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