Your Property Management Agency suggests they could build a nice shelter in a park for your family to share and use. It'd be built on some property your family already owns so there's no cost for the land.They're guessing it could be build for $375,000. It seems to be a good idea so you give them the go-ahead.

A couple years go by, then they approach you with an "update" on the project.Sorry, the original guess was low.The new guess is $979,000 that's 261% higher.WOW!Sure it's a shock but they argue that this new guess includes the furnishings, landscaping, and an allowance for 8% inflationary costs.However, you'd not really own the shelter but your family could share it almost anytime.The Agency will be using it for their office.Reluctantly you agree and let them continue.

Another year goes by and they're knocking on your door again for more money.Because of several previously unknown issues and more inflation the estimate has increased 172% over the last guess and 400% over the original.Not only that, they assure you the cost will increase even more to a value yet unknown due to inflation and other issues.Oh, and by the way they already spent some of your previously okayed funds getting to where they are today without breaking any ground.The estimate is now $1,500,000 that's 70% of your family's total assets.

Would you put more good money after the bad?How did your family get caught in this quicksand? If you think this is a ridiculous scenario just go to my blog at http://denver.yourhub.com/~RoxPark and read about what the Roxborough Park Foundation is up to.