The Village of Wauconda is the First Town in the US to be Privately Purchased
Alex Scott — April 21, 2010 — Luxury
References: seattletimes.nwsource & bornrich.org
The village of Wauconda (a small town in the state of Washington near the Canadian border) has recently been sold for $360,000 on eBay. Now, it's not the price that's amazing, but rather the fact that someone was able to buy a freakin' town!
I remember when I was a kid, I always thought if I won the lottery that it would cool to buy my hometown. I soon realised this was impossible, as villages are not owned by a single person -- unless it's the village of Wauconda of course. Complete with a restaurant, post office and gas station, this town will offer the couple who bought it all the amenities they need (except a population).
I remember when I was a kid, I always thought if I won the lottery that it would cool to buy my hometown. I soon realised this was impossible, as villages are not owned by a single person -- unless it's the village of Wauconda of course. Complete with a restaurant, post office and gas station, this town will offer the couple who bought it all the amenities they need (except a population).
Trend Themes
1. Privately Purchasing Towns - The sale of the village of Wauconda on eBay showcases the emerging trend of private individuals purchasing entire towns.
2. Alternative Real Estate Investments - Buying and selling entire towns as real estate assets provides a disruptive innovation opportunity for investors seeking unique investment opportunities.
3. The Rise of Rural Living - The sale of the village of Wauconda reflects the growing trend of people seeking to live in rural communities, creating opportunities for businesses catering to this lifestyle.
Industry Implications
1. Real Estate - The sale of entire towns highlights a new market within the real estate industry, where private individuals can invest in unique properties.
2. Hospitality and Tourism - Privately owned towns could become attractive destinations for tourists, leading to opportunities for businesses in the hospitality and tourism industry.
3. Town Management Services - As more private individuals purchase entire towns, there will be a demand for specialized town management services to support and maintain these communities.
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