This page has been archived and commenting is disabled.
Buffett, Johnny Depp Snap Up "Cheap" Greek Islands
Update: And because any story that involves Greece (or originating from Newsweek) must be promptly denied in keeping with European headline hockey customs:
.@WarrenBuffett tells @Reuters reports that he bought Greek island "a total fabrication." Now, time to call Johnny Depp #GreeceCrisis
— Jennifer Ablan (@jennablan) July 21, 2015
* * *
On Monday, we brought you a day in the life of a Greek realtor. Courtesy of Bloomberg, we got a first-hand account of what it’s like in the Athens real estate market now that the Greek economy has collapsed.
"For the last 15 days," the Athenian realtor featured in the video says, "the market has been really dead."
That’s not surprising. Capital controls have gripped the country since PM Alexis Tsipras called for a referendum on creditors’ proposals and Greeks are more concerned about whether they’ll be food on the shelves and gas at the pumps (an acute credit crunch threatens to leave the country with a shortage of imported goods) than they are about buying homes.
"At least 50% of real estate agents have closed down," the realtor continues, adding that "the market has been only those who can afford [to pay] cash in recent years."
But who can afford to pay cash for property in Greece? For the answer, we go to Newsweek.
Billionaire investor Warren Buffett has joined up with Italian real estate agent Alessandro Proto to purchase a Greek island off the coast of Athens.
Consistently ranked as one of the wealthiest men in the world, Buffett and Italian millionaire Proto, acquired the island of St Thomas for €15m last Thursday, Proto Enterprises confirmed today.
St Thomas is located in the Saronic Gulf near the Port of Piraeus, the largest Greek sea-port, and one of the largest in the East Mediterranean sea-basin. 45 minutes from Athens by ferry and 20 minutes from Corinth, the 1.2 sq km island is uninhabited, according to Private Island Online, a real estate site for private islands across the world.
Buffett, 84, who has a net worth of around €62.4bn, and Proto plan to build a real estate development on the island, according to The Athens-Macedonian News Agency (ANA-mpa), who broke the story on Saturday.
A Proto representative told Spiegel Online, "Greece is currently very attractive for investment in the development of real estate."
The website Public Islands Online markets Greek islands as the "ultimate status symbol, evoking images of sunglass sporting shipping magnates sipping champagne on the deck of enormous yachts."
Yes, Greece "evokes images of sunglass sporting shipping magnates sipping champagne on the deck of enormous yachts" or it evokes images of fiery street protests and laid off public sector workers digging through dustbins for food - it just kind of depends on your perspective, we suppose.
But kind of like how poor Americans would be better off if they would just wake up and realize that Janet Yellen is right about how important it is for low income households to "build assets", Greece’s downtrodden citizens would perhaps be buying more property (and especially more private islands) if they were just willing to consider the fact that the market is full of bargains right now:
"In reality, Greek islands are relatively affordable, costing as little as $2m [€1.8m] - less than a ski chalet in Aspen or a walk up on the Upper East side."
See there Greek pensioners who are living off €120/month? A private island right in your own backyard is far more affordable that that ski chalet in Aspen you weren’t looking at.
And it's not just Buffett doing the buying:
ANA-mpa reported that American actor Johnny Depp also purchased a Greek island late last week for €4.2m. The island of Stroggilo is located in the Aegean Sea near the popular Marathos island.
Brad Pitt and Angelina Jolie are also reported to have expressed interest in the Greek islands.
* * *
Buffett island, courtesy of privateislandsonline.com
ABOUT ST. THOMAS
St. Thomas Island is part of the Diapori chain in the Saronicos Gulf, an area of Greece mythologized for the lush emerald beauty of its picturesque islands. The island is the middle in a chain of three islands currently available for sale, and totals 300 acres, 50 of which are clear for purchase.
Accessible from Corinth by water taxi, approx 20 minutes, Athens. 45minutes. There are 2 charming villages in the immediate area with luxury villas along the surrounding coast. The nearest town of Korfos is a quiet resort village whose many small sailboats dot the shimmering Saronikos and Argolic gulfs. The town of Megara is just a half hour away, making the location absolutely prime for a resort catering to Europe's elite.
Depp island
ABOUT STROGGILO ISLAND
The island of Stroggilo is a 54-acre island located near the popular island of Marathos, in the Aegean Sea. Is covered with green, almost all year long, cause of the water it has, the water can became drinkable with small process.
Stroggilo is the ideal choice for tourist development due to its proximity to Marathos and Patmos Island, Marathos has a power grid established already.
All Aegean islands are famous for their beautiful clear water, there sandy beaches, ideal for swimming, sea sports and fishing, the same goes for Stroggilo, a perfect 110 meters beach that can easily transform to a heaven on earth place for vacations.
* * *
Of course Buffett and Depp's purchases come with the ancillary benefit of being in close proximity to another well-to-do island-goer...
»
- 107336 reads
- Printer-friendly version
- Send to friend
- advertisements -
Yes to Hawaii and California. Nope to Florida. It goes to Mexico.
http://www.wsj.com/articles/SB123051100709638419
The tribe loves Florida, they wouldn't allow it.
Hoax. Buffett did not buy an island.
Now the Looting has Begun!
hope Buffetts one gets invaded by boat people.
The scavengers have arrived!
The trouble is they are going to be sharing those islands with millions of immigrants once the trickle turns to flood.
Yawn. Give me a call when the whole country goes on the market. Google could probably buy Greece outright for petty cash. When that day comes, I'll be proud to hail Sergey I as King of the Hellenes, by the Grace of God and the will of financial markets.
In the meantime, I don't know why you'd want just a small island forsaken by man and God alike---unless you're a Saudi prince who wants somewhere to drink and whore in peace and doesn't know the value of money.
It's not like you even need EUR2 million for a fixer-upper somewhere sunny. In Spain you can buy whole villages for less than the price of a new car---and you wouldn't need a boat to get there.
Yeah... but that's ...Spain...Peuw!
Spain is a great place. Evidently you have never been there.
I keed, I keed!
Spain is like California without the retards. Beautiful place, I lived there 3 years. How long did you live there?
I read about it on the internet.
Next time anyone purchases a product from one of Buffett's companies, or contemplates seeing a Depp film, remember this.
Ask yourself how many of their fellow Americans, especially small entrepreneurs, could these people have helped with that money?
America grows to hate this form of opulent capitalism at a time when it could really use REAL capitalists...
m
Update: if the updated "denial" being reported by Reuters is accurate, great. Maybe these two, and others like 'em, will vulture-down somewhere else, if their opulent land grab is shut down with enough public criticism.
If not, please refer to my earlier post on this story...
If we want a better world tomorrow, you gotta keep some heat on these types today.
This is exactly the kind of thinking that got us where we are now...
m
Buffet says its big enough for an ICBM silo for some newly purchased nuke missiles her purchased from the Pentagon.
Ah, takes me back to 2009 when all the libtards were crying about Buffet's secretary paying more taxes than Ol' Warren. Idiots. The 1% don't make W-2 money.
Apple services are currently unavailable. The shit is about to get REAL...
Real just the same as it has been?
The vultures have landed in Greece, just as they landed in Weimar Germany and bought up the country for peanuts, just as they rushed to the South, the Confederate states, during Reconstruction and bought vast acreages and estates for nothing, and just as they surfaced in the U.S.S.R. after its fall and made a deal with Yeltsin to buy for pennies the major resources and industry of Russia.
A previously private island or not, Buffett’s project is in Greece – a nation knocked to its knees by international bankers - and with purchases such as these, the future of Greek prosperity will leave the country to join the profit center of Berkshire Hathaway..
How were all of these events made possible: The banks.
The US Empire, to benefit its insider corporations, makes war on the sovereign countries to steal their resources for private gain. And another arm of the Empire, the Federal Reserve System, offers an additional way to help its insiders; through partners such as the Troika, it seizes the public land of sovereign countries through forced sales and offers them for sale to its insider friends.
Isn’t it time that a soft-spoken admired market genius like Warren Buffett is named for what he really is: a non-patriot thief with the character of a snake? He neither toils nor spins, but waits in Omaha for the call from the rulers of America to make his purchases.
He is a pariah, a disgusting internationalist and a product of the rigged stock market. Meanwhile, the nation of Greece and its proud history is exploited by its puppet politicians working for Goldman Sachs, aka the New York Fed, and the Greek people must watch not only their meager incomes be raided, but even more, they must watch the heritage of their fathers be ravaged by subhuman types the likes of Blankfein and Buffett.
All brought to you by the private owners of the largest money trust in history, the Federal Reserve System.
small crooks are buying islands hand over fist while the real rulers already own the entire planet (except few independent central banks). they don't even bother with the trivialities such as land ownership as they prefer to own countries instead. they let the serfs guard and run them. and public has no idea about it. of course i mean the real owners of the federal reserve system.
Putin,
Yes, you PUTIN, you are a faggot who sucks my dick.
All you Russians are faggots who suck American dick long and hard like your life depended on it.
All you Russians are major whores who take it up the ass from from top American brass' dicks.
Cunt you are, filthy Russians.
All you had to do to save the world was to tell the world you will no longer sell oil and gas for US dollars or Euros and Yens.
Russians,
And you goddamn' pussy, PUTIN,
You suck American dick.
Sluts.
But... If a faggot sucks your dick that makes you a faggot too, doesn't it?
Homophobic rage won't get you to where you want to go, Maestro Maestro.
p.s. Putin is a heterosexual with an ex-wife, and children. He has a new significant other that is also heterosexual. It is doubtful that anyone in the Russian Federation would 'suck your dick', but if you join the United States of America ARMY you will most certainly find individuals that are likeminded to fulfill your deepest fantasy that seems to be spilling over into discourse on ZeroHedge.
Maestro
What a rich fantasy life you have. But totally unbelievable.
NOBODY WILL SUCK A 2 INCH COCK LIKE YOURS.
It can get caught between their teeth like a tiny fish bone.
Your sex life remains the constant usage (24/7) of the butt plug your mother gave you for your Bar Mitzvah.
Pirates of the Mediterranean
.
Bury some treasure, die, then wait to see what happens when someone finds your face on a million dollars worth of silver doubloons lost on some island you conquered 200 years ago.
.
Jon and Warren got good ideas.
I case you wanna say hello to the elites and get some free cookies: https://www.google.com/maps/place/Greece/@37.8096398,23.2474576,15z
I trust that the Greek revolutionary Council - or some future Greek government - will re nationalise the lot and kick the bastards off Greek soil and back into the cesspits they are crawling out of to legally plunder a nation and its people.
Legal plunder where "the few plunder the many"...
Buffett infuses (bails out) Goldman Sachs with $5 billion in September of 2008 to “raise confidence in the venerable Wall Street firm”; the taxpayers then bail out Buffett through his holdings, and as one blogger states: “The exact same thing just happened in Greece! The EU just bailed out the big banks, including Deutsche Bank in order to cover THEIR LOSSES and made the cost of that bailout public by putting it on the backs of the Greeks. Sick sick sick.”
Blogger John Caesar explains: “Forbes lists four Berkshire holdings that got a total of $95 billion in bailout money. Wells Fargo, American Express, BankAmerica and Goldman Sachs.
“Because of his holdings, the Sacramento Bee says, Buffett was ‘one of the top beneficiaries of the banking bailout.’"
http://www.forbes.com/sites/robertlenzner/2012/11/27/berkshire-and-buffett-got-no-bailout-money-directly/
The U.S. government is enriching the bankers at the expense of the many, i.e., the people, enabling the bankers and their hangers-on to use the machinery of the state for plunder instead of earning their way through the world honestly.
The government, the Fed, operates on its own set of moral rules.
You try it, and you're in jail.
The only bit of Greece these bastards should see is the view from from the Parthenon as they line up for the guillotine.
what's funny is, the Greek archipelago has been inhabited for the better part of 10+ thousand years...
and these 'islands' are uninhabited.
By the way meet Buffet and Depps new neighbours.
Breitbart London.
Enjoy.
http://www.breitbart.com/london/2015/07/21/invasion-28260-illegals-have-...
Maybe they bought the islands for the virgin goats.
These are organized invasions, probably by the same people who are organizing the invasion of the United States. These people don’t even know where Greece is; they are following a leader.
The debt merchants (like the Troika) have three ways of punishing a people they conquer: 1) they remove their source of income until they reach poverty, 2) they open their once sovereign nation to the ravages of the Buffetts, and 3) they organize, promote and permit the flood of refugees from other banker-ravaged countries to destabilize the culture, the economy and the future of the nation.
Here’s additional information:
300,000 Nonwhites Invade Europe in Six Months | The New Observer
July 3, 2015
More than 300,000 nonwhites—a combination of sub-Saharan Africans fleeing their own self-created disaster nations, and Arabs fleeing the Jewish lobby-created warzones in the Middle East—have successfully landed in Europe in the first six months of this year alone.
According to the United Nations High Commission on Refugees (UNHCR), some 137,000 invaders have crossed the Mediterranean on boats this year, landing mainly on Italian soil. This is over and above the 219,000 who arrived via this route last year, the UNHCR said.
In addition to this, at least 68,000 nonwhite invaders arrived in Greece during the first six months of this year, while other estimates say that 5,000 invaders per week—totaling 130,000, have arrived so far this year in Greece.
Hungary has also been plunged into a “refugee” crisis with at least 65,000 invaders crossing its borders from Serbia this year. …
http://newobserveronline.com/300000-nonwhites-invade-europe-in-six-months/
Buffett never buys until there's blood in the streets, or perhaps in the water in this case, after the EU starts feeding Greeks to the sharks.
Has Europe really changed?
I swear to god reading this has made me spew my guts out. The elites have so taken over the system that millions can fucking grovel for nothing while our elites actually take the Greek Islands for their own! In past, people fought wars over attempted theft of soverign lands. Now? Fucking business as usual! I don't give a shit about people's free market arguments either, there is nothing free about this, it was a mass manipulation from the start, all designed to take Greek soverign assets for next to nothing. Depp can go fuck himself. In fact, I will try to communicate to his agents that he is a fucking cunt who can take his shit moves and shove them up his ass!
People can buy things as long as the current order stands. What happens when people do not respect the claims made under the old order?
Excellently and graphically put.
Thank you.
"Evil is the world as it is and as it has been. Misfortune is the world as it never should have been. The transformation of evil into misfortune is the most lucrative industry of the twentieth century."
- Jean Baudrillard, 1976
Buying ANYTHING fixed in place in greece will inevitably be revealed to be a HUGE mistake
because
teh buyers/owners are putting their investments - and themselves - under control of the hyper-corrupt hyper-parasite greek regime
I agree...not to mention the furious people o the way to 3rd world status...
And then there are the mediterranian refugies ... i would send them there if i was tsipras
Buffett needs a warehouse to store his and Soro's depends