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Remember the 93 year old who froze to death
Posted: Thu Feb 05, 2009 4:38 pm
by macrae1234
because of unpaid hydro bills.
He left his fortune to a local hospital estimated at just over $600,000.
Re: Remember the 93 year old who froze to death
Posted: Thu Feb 05, 2009 5:49 pm
by gsabc
I disremember, but was he in an apartment or a house? If the latter, the vast majority of that estate was probably the house itself. You can be house rich but cash poor, just like the companies that go bankrupt because of poor cash flow.
Re: Remember the 93 year old who froze to death
Posted: Thu Feb 05, 2009 6:18 pm
by macrae1234
Not the house, he lived in Bay City MI in a 1200sf one story house that looks like he moved in when he got back from WWII. You probably could get 30 for 600K
Re: Remember the 93 year old who froze to death
Posted: Thu Feb 05, 2009 7:26 pm
by Sisyphean Fan
macrae1234 wrote:because of unpaid hydro bills.
He left his fortune to a local hospital estimated at just over $600,000.
I don't remember this specifically, but I remember a similar case where the cat's mattress was stuffed full of money and stock certificates (or bonds, I can't remember).
Sort of like Hetty Green, except everybody knew she had money.
Re: Remember the 93 year old who froze to death
Posted: Thu Feb 05, 2009 8:09 pm
by andrewjackson
macrae1234 wrote:because of unpaid hydro bills.
He left his fortune to a local hospital estimated at just over $600,000.
I'm guessing "hydro bill" is an Canadianism. I'm pretty sure it is not used in Bay City, MI.
In the news coverage about Mr. Schur's death, one of relatives said they were worried that he was confused about things and that may have led to him not paying the bill. One report said his bills were found on a table with cash clipped to each one but they had not been mailed out.
The Bay City Times says his house was valued at less than $45,000.
http://www.mlive.com/news/bctimes/index ... xml&coll=4
It's just a sad, sad story.