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Poster Name:please think
Poster Message:
Look, it's pretty simple. Land is valuable, homes are not. Your "home value" is essentially the value of the land. Because these fraternities do not own their land, they are basically paying into a mortgage with 0% return on investment. FSU owns the land and shared the burden of developing this land with you. Basically if HG is a company, FSU own 51% of all stocks. True, they cannot just kick you out, but if they have immenent domain...good luck fighting the government. Considering FSU's master plan and inflation (over 15 years), I say by roughly 2022 you will be asked nicely to vacate your premises and recieve a check in return which will be worth about 10% less then what you paid to have these houses built and maintained. In the long run....this is a BAD DEAL for 2 reasons 1.) no return/loss on investment and 2.) No way for you to get out of this contract. But stay optimistic...memories are forever!
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