👍 I Bought a Ghost Town

Liked I Bought a Ghost Town (Popular Mechanics)

Underwood wasn’t looking specifically for an abandoned mining town. He just wanted something with a rich history, and if you take that approach, you’ll find more inventory. “Somebody just texted me a Craigslist listing for an old library in Vermont that has 50,000 books from the 1700s onward,” says Underwood. “It has nine rooms, and it’s potentially haunted.”

That, he says, is the kind of property with value beyond its rickety structure. “People aren’t interested in Cerro Gordo because of the old buildings,” he says. They’re interested because it was the largest mining town in California, and it’s the source of so much mystery and lore. “If I were looking for another property, I would find one like that.”

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