Anonymous ID: 95012f July 4, 2020, 5:32 a.m. No.9852502   ๐Ÿ—„๏ธ.is ๐Ÿ”—kun   >>2558

>>9852443

Water Island is a 500-acre spit of land in the U.S. Virgin Islands. The Department of Defense purchased the island from a Danish company during World War II, using it to protect a submarine base on nearby St. Thomas. Since then, it has become an under-the-radar tropical getaway dotted with several-dozen homes, where the largest beachfront estates can fetch north of a million dollars.

 

In May 2005, James Biden and his wife, Sara, purchased a one-acre plot of land in the middle of the island, according to property records. Tax records describe the view from the property as โ€œexcellent.โ€ The price: $150,000.

 

Then, the couple got an easement to access the land and divided it into three parcels. The easement, granted by the Virgin Islands territorial government, gave them the right to use an existing driveway to the property that cut across government land. A year later, in May 2006, the Bidens sold the northernmost parcel, just over a third of an acre, to Green and his wife, Julie, according to property records.

 

The price, again, was $150,000. In effect, James and Sara Biden had gotten their money back while keeping most of the land โ€” recouping their investment in just 12 months.

 

https://www.politico.com/news/2020/01/28/james-biden-lobbyist-virgin-islands-099318