Deals like this always make you suspicious. Someone bought some land in Lakewood Colorado for $650,000, and eight days later sold it to the city of Lakewood for $1.1 million.
The city, which thinks it got a good deal, plans to use the land for “affordable housing” next to a projected light-rail station. But why didn’t the city buy it eight days earlier when it could have saved almost half the cost? Does the previous landowner feel ripped off when they could have made $1.1 million if they had sold to the city instead of the middle-man?
