Friday, November 15, 2013

A Dead Building

Down on Oranienstrasse in Wiesbaden, there's an old "dead" building.

The windows all have newspapers over them.  It looks like no one has lived in the place in two or three decades.

Property always is an interesting topic in this town.  Guys buy property as investment options.  They have money in their pocket and think of things as investment opportunities.

The sad truth is....a guy will buy up five or six properties....with a couple panning out.  He holds onto a loser.....waiting.  And one day....the guy passes from this Earth.

Then the ownership of his assets, the will, and the court get into the mess.  The court will appoint someone to sort out the business.  Some good assets will be easy to sell.  Some will be impossible.  So ownership of dead guy's properties usually become a long drawn-out affair.

This building?  It's probably been on someone's for-sale list for years, and the amount of fix-up work is beyond reality.

I stood there for two minutes gazing over it.  It's inviting in some ways.  An older brick building....a history to it.  Probably over a hundred years old.  Curiously, it's barely five minutes walking to the heart of the shopping district of Wiesbaden.

A decade from now?  I'll walk the street again, and it'll probably still be sitting there.  Waiting.

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