They buy entire towns
Why buy just one house when you can own the entire town? That was Kim Basinger’s reasoning in 1989, when, as originally reported in the New York Times, she decided to spend $20 million cash to buy Braselton, Georgia, a 2,000-acre town with around 7,500 residents. Her original idea was to make it a tourist destination, with movie studios and a film festival. But just five years later, she let it go for just $1 million.
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