Eye On Real Estate, Eliminating Foreclosures With An Underground Tax Shelter, Brilliant

Jason Hodge, father of four children from Barstow, Calif., says he’s “not paranoid” but he is concerned, and that’s why he bought space in what might be labeled a doomsday shelter. Hodge bought into the first of a proposed nationwide group of 20 fortified, underground shelters — the Vivos shelter network — that are intended to protect those inside for up to a year from catastrophes such as a nuclear attack, killer asteroids or tsunamis, according to the project’s developers.

 “It’s an investment in life,” says Hodge, a Teamsters union representative. “I want to make sure I have a place I can take me and my family if that worst-case scenario were to happen.”

Vicino puts the average cost for a shelter at $10 million.

 Vivos plans for facilities as large as 100,000 square feet, says real estate broker Dan Hotes of Seattle, who over the past four years has collaborated with Vicino on a project involving partial ownership of high-priced luxury homes and is now involved with Vivos.

 Catastrophe shelters today may appeal to those who seek to bring order to a world full of risk and uncertainty, says Alexander Riley, an associate professor of sociology at Bucknell University in Lewisburg, Pa.

 “They’re saying, ‘I can control everything,’ ” Riley says. ” ‘With the right amount of rational planning, I can even survive an asteroid hitting the Earth that causes a dust cloud like the kind we believe wiped the dinosaurs out.’ ”

And best of all, if we get wiped out and go to  foreclosure. there is no way they can get us out.. An underground shelter and a tax shelter.

 

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One Response to “Eye On Real Estate, Eliminating Foreclosures With An Underground Tax Shelter, Brilliant”

  1. Latest Building Survival Shelters Auctions | Home Made Recipes Says:

    […] Eye On Real Estate, Eliminating Foreclosures With An Underground … […]

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