Couple Buys Dream Home For $300k, Get $900k Bill For Dam Maintenance

Couple Buys Dream Home For $300k, Get $900k Bill For Dam Maintenance

That’s “dam maintenance” not “damn maintenance. A Kansas couple scored what they thought was their dream home for $300,000: 20 acres with a beautiful view of the lush foilage-surrounded lake, bound in by a dam. A dam that has tree roots digging into it and could cost $900,000 to repair. And, under an agreement with the city from the 70′s that never turned up in the title search, is their responsibility to repair. And, title insurance will only cover the first $330,000. [More]

http://consumerist.com/2008/04/21/oil-is-now-117-a/

Oil is now $117 a barrel, a record high. [ABC News]