Priced out of the most expensive real estate market on earth? Get an acre of lunar property for US$24.99
- Sales of lunar property have no legal basis, and amount to mostly harmless fun, legal experts say
- Sales agreements are unenforceable, besides the fact that the moon is actually uninhabitable
Several websites in the United States are selling title deeds that purportedly grant the buyer ownership to frontier land on the moon.
For US$24.99 , Lunar Embassy in California sells a piece of parchment that proclaims the customer the owner of an acre (43,560 square feet) of lunar real estate. On the 50th anniversary of the Apollo 11’s moon landing, the website is selling plots 10 miles from the landing site.
Lunar Embassy claims to have “sold” nearly 1 billion acres of lunar property, about 10 per cent of the moon’s estimated surface area, for at least US$11 million since 1980. Business had been so good that the website’s portfolio expanded to Mars, Venus, Mercury and the whole of Pluto – 4.67 billion miles from earth – for US$250,000.
Therein lies a loophole, said Lunar Embassy’s founder Dennis Hope, as individuals can claim lunar real estate where nations dare not tread. Hope, who also declared himself president of a non-existent “galactic government” established in 2004 by the fictitious “Declaration of Galactic Independence,” said he was inspired by the US Homestead Act of 1862, which allowed applicants to acquire ownership of government land.
