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Thursday, November 21, 2024 |
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Old Town Apartments |
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wannaknow 
MUSA Resident 
Joined: Feb 21 2009 Status: Offline Points: 138 |
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 Topic: Old Town ApartmentsPosted: Nov 11 2013 at 6:06am |
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Is it true that a group of Chinese business men bought Old Town apartments and Stephano's guest house to house and feed their visiting students?
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ktf1179
MUSA Citizen 
Joined: Mar 19 2012 Status: Offline Points: 518 |
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Posted: Nov 11 2013 at 6:23am |
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It could very well be, I know in the Bay Area this happens all the time where people from China buys up homes just to hold them for their kids to go to school in the US, and for trips over here in the US. That is why it is so hard to get a houses in the Bay Area, that and a lot of them are paying Cash Only for these buildings.
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VietVet
MUSA Council 
Joined: May 15 2008 Status: Offline Points: 7008 |
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Posted: Nov 11 2013 at 9:07am |
Based on the way the town is being run, the dramatic drop in property values, the "attract low income" theme, the high rate of taxation in a city that is one of the least desirable to locate, and the poor reputation of the schools, I'm surprised ANYONE is buying property here. Let the Chinese buy property. Might be the only way to move real estate here. The properties will be used, hopefully maintained and property taxes will be collected. Old Town was THE place to live in the 60's if you were a renter. Stephanos guest house is the old Armco Holiday house by MUM, right? Back in the day, that use to be used by some high rollers in Middletown. Now.....well....... |
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I'm so proud of my hometown and what it has become. Recall 'em all. Let's start over.
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Marianne
MUSA Resident
Joined: Jul 13 2008 Location: here Status: Offline Points: 165 |
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Posted: Nov 11 2013 at 5:44pm |
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If you want to learn more about the students studying from China here at Miami University Middletown, please visit this link:
To answer the question, an apartment building was purchased by Quest Holdings, LLC to provide housing for the students. Holiday House was also purchased by the company to provide food. At least, this is my understanding. |
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Bill
MUSA Citizen
Joined: Nov 04 2009 Status: Offline Points: 710 |
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Posted: Dec 24 2014 at 6:33am |
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It's just a couple of the building in Old Towne, not all of them. See my earlier post:
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