You Can Save Up A Down Payment Or . . .

One Red Paperclip

Never let it be said that a little ingenuity and some good publicity might get you to home ownership faster than the traditional method of saving the downpayment and closing costs.

Kyle McDonald of Montreal, Canada is attempting to parlay one red paperclip into a series of increasing barter values in hopes of someday owning a home.

Since July 2005, Kyle has traded his one red paperclip for:

  • a pen in the shape of a fish for;
  • a strange-looking cabinet pull for;
  • a Coleman stove for;
  • a portable generator for;
  • a neon Budweiser sign and a keg of beer for;
  • a snowmobile for;
  • a trip to Yahk, British Columbia for;
  • a package van for;
  • a recording contract for;
  • a year’s free rent in Phoenix for;
  • ?

It would not surprise me to find this guy ending up in Portland. I wonder what other trade-up ventures it will spawn.
You can make the next bid or just read the story at http://oneredpaperclip.blogspot.com/ .

[tags] barter, house, one+red+paperclip, publicity [/tags]

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April 17, 2006 · Filed Under Diversions

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