29-05-2007, 12:49 PM
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Netvibes is an Addiction™
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Join Date: Jan 2007
Location: Sheffield, UK
Gender: 
Posts: 19,789
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Website to Sell Nonexistent Real Estate
Website to Sell Nonexistent Real Estate
Quote:
Real estate is often a long-term investment. But 10,000 years? Lo'ihi Development Co. will soon start offering oceanview lots speculators won't even be able to stand on for many millennia. That's because they're currently submerged more than 3,000 feet below sea level - on an underwater volcano called Lo'ihi, located about 20 miles southeast of the Big Island.
His Web site will be renovated in the next couple of weeks to officially begin selling parcels for an introductory price of $39.95. Buyers will receive a brochure and a "deed," but much like Internet groups that claim to sell stars, they probably can't call themselves owners.
"What's the scam?" said Norm Nichols, co-developer of the online venture. "If you really think there's something here that you can't live with, nobody's forcing you to buy it. It's meant to be fun."
The Web site advertises, "Lo'ihi Seaview Estates: Real Estate for the Future. Grand Water View Front Lots." A photo of the sales office is a raft in the middle of the ocean.
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