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New Doomsday Fears Inspire Market For Old Bomb Shelters (VIDEO)
The chief rule of real estate is supply and demand: the less supply, the greater the demand.
And with the clock ticking down to Dec. 21, 2012, the alleged last day of the Mayan calendar, some folks are trying to prepare for a worst-case scenario by getting decked out for doomsday with a shelter.
For some, that means turning to people like Ed Peden, a former school teacher in Troy, Kan., who not only lives in a Cold War bunker built in 1960 for $3.3 million, but also brokers similar properties for people who believe the end of the world is nigh.
Peden doesn't look like the stereotypical survivalist, a fact he freely admits.
"We're kind of peaceniks," he told TheVerge.com. "It's kind of strange to be living in what was a weapon of mass destruction. We see it as a transformational symbol."
Peden has sold 55 similar properties in the last 17 years and compares them to the old castles in medieval times.
"Some of these missile sites are some of the strongest structures ever built on the planet," he said.
