Caveat Emptor (buyer beware)

Kerville Holness thought he’d found a bargain at local government auction of of properties that had defaulted on their taxes: $177,000 villa for $9,100. What he did buy was a one-foot-wide, 100-foot-long strip of land valued at $50. The “property starts at curbside where two mailboxes have been installed, goes under a wall separating the garages of two adjoining Spring Lake villas, then extends out to the back of the lot.

He wants the county to void the deal and give him his money back. Mr Holness says the property appraiser pictures linked to the auction site showed the villa as being the parcel he was bidding on. Officials say state law does not allow the refund Holness is seeking.

Finance, Construction, Consumer

Devastating weather in Midwest United States

In March 2019 the Midwest’s first bout of heavy rainstorms coupled with melting snow to make rivers inundate communities. According to reports from the National Weather Service (NWS), America’s heartland has had little reprieve from rain. May was the second-wettest month in recorded US history. In addition to rain, the thunderstorms brought over 500 tornados. Continue reading

New cryptocurrency courtesy of Facebook

The Wall Street Journal has reported Facebook has enlisted more than a dozen companies including Visa, Mastercard, PayPal and Uber to back its new cryptocurrency. Each company will invest around $10 million in a consortium that will govern the cryptocurrency. The money will fund the creation of the coin, which will be pegged to a basket of government-issued currencies.

Finance, Information Technology