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Man buys $53.5 mln CONDO based on video, wants refund

news.yahoo.com — The buyer of a $53.5 million (30 million pound) penthouse apartment in New York's famed Plaza Hotel says the apartment turned out to be an "attic-like space" with low ceilings and obstructed views, and he is suing for a refund plus damages. The apartment's anonymous buyer, who made the purchase based on a video.

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  • BillE3, on 09/09/2008, -0/+2He seems to have missed rule #1 when considering a real estate transaction. Do your due dilligence. It is hard to prove fraud when you buy a pig in poke.
  • inactive, on 09/09/2008, -0/+2DOH!
  • Gandalff, on 09/09/2008, -1/+3How do you know you have too much money?

    When you don't visit the site of your next home purchase until after you have written a check for over 10 million dollars and it's for an apartment at that. Then you sue the people that sold it for fraud to make a profit from your dumb ass 1st move.

    With that kind of money he could have paid anyone in the Real estate market to walk over and check it out for him.
  • Theoderic, on 09/09/2008, -0/+1Doo Fus.

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