Want to Buy a Town? Just go to E-Bay...

It is true that you can buy just about anything on the Internet these days. Just ask Elizabeth Lapple, the owner of the tiny town of Bridgeville, California, who is auctioning off the town on E-Bay.

Ms. Lapple put the town on the auction block back on November 27, but until Christmas day it failed to reach the minimum bid of $800,000. But Christmas Day brought good cheer when the bidding started getting very heavy, and burst past the $800,000 price tag. As of press time (7:00am EST December 26) the price has been driven up to over $1.6 million, and is climbing.

The E-Bay description boasts the following:

"Bridgeville offers many opportunities. It can be a private retreat, basking in the glory of the redwoods, with enough acreage and control to maintain your privacy. Or, with the proper development, Bridgeville can become an economic power house with the potential for generating a large cash flow. It may, in some instances, be able to function as a remarkable tax shelter, check with your accountant."

Bidding ends Friday December 27 at 1pm EST.

You may like these other stories...

As the volume of account reconciliations continues to surge, most corporate accounting and finance departments in the United States and Canada are still using a labor-intensive process to make sure their accounts’...
The average starting salary for students graduating this year with a business major – including accounting – has declined slightly over the last year, according to the latest salary survey from the National...
No matter how much we may want to put them on hold, we all have projects at work we need to start, right? Well, according to a recent survey of human resources (HR) managers by Accountemps, the most productive day of the...

Upcoming CPE Webinars

Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.