Chinese-American couple buys a San Francisco street for $90,000, upsets rich residents
2017-08-10 10:17:00

A Chinese-American couple has snatched up a whole street in San Francisco’s most exclusive neighborhood for a mere 90,000 US dollars in a city-run auction stemming from an unpaid tax bill.

Tina Lam and Michael Cheng came across the listing in April 2015, when the city’s tax office put up the street for sale in an online auction to recover 994 US dollars in unpaid back taxes defaulted by the homeowners’ association for the last 30 years. They eventually outbid several others with a 90,100-US-dollar offer.

Source: CGTN Editor: Hiram