Florida 14-Year-Old Buys Distressed Home

http://abcnews.go.com/blogs/business/20 ... ssed-home/

"After Willow Tufano earned $6,000 from antiquing and selling items on Craigslist, the 14-year-old asked her mom if she could invest in half of a short sale in her home state of Florida.

Tufano earned the money from finding free items or deals online or at antique auctions and leftover furniture from foreclosed homes. She re-sells the items or gives them away on the “free” list on Craigslist. She says she could not have thrived in that business without the support of her parents and grandparents, who drive her around to pick up items.

With her saved money, she didn’t want to buy or barter for another longboard skate board or Xbox. Instead she set her sights on a three-bedroom short sale of $12,000 that was worth about $100,000 at the peak of the housing market, as reported by NPR’s Planet Money.".............

Hopefully she is successful in her buys and inspires other young people. But I worry in this market that she will have overpaid.

Perhaps, this will be one less person on the government dolls - in the future.

However, because of her enterprising skills, she will become wealthy and will be taxed because she acumulated wealth?

Clearly she is stealing money from the people who used to own that home. She should be forced to pay the the difference to the original owners who defaulted.

...and as a consequence for her actions, she should pay a penalty equalling one-half her wealth.

Wow...you all are harsh. As a liberal I applaud her choices and her determination...but then my daughter bought her first home at 18. (And she is also a liberal)

archer wrote: Wow...you all are harsh. As a liberal I applaud her choices and her determination...but then my daughter bought her first home at 18. (And she is also a liberal)

I'm thinking you missed some sarcasm there archer...just a guess.

I didnt miss it...once again some posters were making assumptions about what liberals think, once again they are wrong.

archer wrote: I didnt miss it...once again some posters were making assumptions about what liberals think, once again they are wrong.

But you never make assumptions about what conservatives think? Strike that...of course we all make assumptions. But if you feel that your assumptions are correct and the other side is always wrong, you'll be spending many hours trying to prove that.

I try not to make assumption...but I do love to ask conservatives what they think, more often than not I don't get an answer. I'm quite sure there will be many posters combing through my posts to find where I made a supposed assumption. I will await the results of their search