Here’s an outrageously stupid story about how five people almost stopped a man from selling his property for almost $5 million. They would have forced him to accept an offer of virtually nothing. From Simon Black at sovereignman.com:
The year was 1967. Ronald Reagan had just become governor of California. Aretha Franklin was belting out R-E-S-P-E-C-T on the radio. Marxist revolutionary leader Che Guevara was captured and executed in Bolivia.
And a restaurant chain called The White Spot opened its newest location in Denver, Colorado.
It was a popular diner; the White Spot served pancakes and milkshakes to customers for decades, and ownership of the Denver location eventually changed hands when an entrepreneur named Tom Messina bought the diner in 1999.
He changed the name from the White Spot to Tom’s Diner, and he’s been serving Denver customers for the last 20 years.
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But Tom turned 60 recently, and he’s thinking about retirement. After two decades of cracking eggs and frying bacon, he’s ready to spend more time with his family.
And fortunately for Tom, he’s sitting on an extremely valuable asset: his real estate. Tom’s diner is located in downtown Denver in an area that has been heavily redeveloped.
Decades ago the land wasn’t worth very much. But in recent years, Denver became one of the fastest growing cities in the country. Property prices skyrocketed.
