Well, the $100K is a teaser all right. I didn’t believe it when I read it either.
You have to dig a little deeper into the article to see what they are really saying is that buyers are putting in some cash and assuming the debt on these properties:
…they are selling skyscrapers at a drastic discount, with the condition that the new buyer take on the enormous amounts of debt connected to the properties.
I’m assuming that means someone got that 40 story building + a mountain of debt for $100K.
