1. Real Estate

    Tenants Flock to Bulger’s Pad

    In this photo taken June 24, 2011, the top corner third floor apartment, upper left, where fugitive crime boss James "Whitey" Bulger and his longtime companion Catherine Greig were arrested on June 22, is seen in Santa Monica, Calif. The two were arrested without incident, the FBI said. Bulger was the leader of the Winter Hill Gang when he fled in January 1995 after being tipped by a former Boston FBI agent that he was about to be indicted. The simple Southern California apartment where James “Whitey” Bulger hid from the FBI for more than a decade could soon be one of the hotter properties in Santa Monica’s rental market.

    Damian Dovarganes / AP Photo

    Apparently the three rules of real estate are location, location, and a link to a notorious crime boss. The property manager for James “Whitey” Bulger’s Los Angeles apartment has been inundated with calls from prospective tenants. He says he's received between 100 and 200 requests since the highly publicized arrest. Aside from the historical aura of the apartment, people fantasize that they may find more money buried in the walls—Bulger had more than $800,000 and 30 guns stashed away. Bulger was getting a great deal: $1,145 in an area where rents are typically double or triple that. The owner of the management company has vowed to hike up the rent for the new tenant—and do a more thorough background check.

    Read it at The Wall Street Journal