Austin TX Real Estate - Hill Country Austin Lakeway Homes for Sale: Tired of Your Debt? File for Bankruptcy!!

Tired of Your Debt? File for Bankruptcy!!

Do you have too much debt and you don't want to pay it off with hard work like the average citizen, then just file bankruptcy!  Apparently it's just that easy!

Six FlagsThe latest big company to be tired of their debt just filed BK, Six Flags.  Six Flags runs several theme parks across the country, Mexico, and Canada.

Six Flags Over Texas even just went through an ordeal to get alcohol sales into their park, which also allowed it in the neighboring water park, Hurricane Harbor.  Allowing the alcohol was supposed to bring in extra money to boost their profit levels...

However, Six Flags, based in New York, decided they were tired of their $2.4B debt over their heads, and instead of getting a second or third job like many Americans, they decided to file bankruptcy. 

Why?  Because they, "...need to reorganize and shed $1.8B of debt."

My suggestion? LOWER YOUR PRICES!!!

Your ticket prices are so outrageously high, it's no wonder that your attendence is going down.  If you lower your ticket prices, you'll get more people, hence, you'll make up the difference in the prices, plus make a lot more based on shear volume of people!

I used to live right across the street from Six Flags Over Texas and I never once went there during that time because it was so expensive, and prices have only gone up since then.  I haven't gone in over 15 years, and I remember it as a fun place.  Too bad they got to greedy making their prices too high for the average person to be able to go... maybe they wouldn't be in $2.4B, and that is a B for BILLION, not Million, of debt.

 **Are You Packed Yet?**

Donna Harris, REALTOR®
RE/MAX Austin Skyline

Austin, TX and the surrounding areas of Lakeway, Bee Cave, Westlake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Whether you're buying or selling, I'll be with you through the entire process.

Comment balloon 16 commentsDonna Harris • June 13 2009 02:24PM


Now I heard that Ou Six Flags Georgia had a special rate right now .. eveyone pays a childs ticket price.. hmm  maybe that should have kifs bring a parent and they get in free pp the parent that is

Posted by Eric Reid (Renaissance Realty Group of Keller Williams Atlanta Partners) over 9 years ago

I knew when Jim Cramer was screming "BUY!" a year or two ago that they were probably in trouble :) 

Posted by John Jones (Briggs Freeman Sotheby's International Realty) over 9 years ago

Ya woulda (Tex Talk) thought when they hit $1 billion that their model was not working.  Maybe that thinkin' is way out of line. 

As I have not been to a park in a zillion years, at was in Orlando this year for a convention and went by that little theme park they have there......and there was a family that had 4 kids with them and that's when it hit me.  OMG (Text talk), how can they afford to take them there?  They all were dressed quite poorly so either they were quite wealthy and overly frugal, or were poor and had their focus on their children.  I then wondered how is this model working? 

Do you know the names of the 6 flags?

Posted by TIM MONCRIEF, Over 2,000 homes sold….. (Keller Williams Realty) over 9 years ago

Eric, But even the kid's price is around $30.  That's just insane!

John, They're trading below $0.50 right now... I think it's $0.26.

Tim, No joke!  $1M is just pennies for them though.  As for the flags, I can guess at them, but don't actually know them off the top of my head.  Like Texas, Spain, Mexico, France... and I think Texas was broken up into what they used to be as a Confederate and a Republic??  Am I right?  Process of elimination...

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - over 9 years ago
Donna, now that's what I call debt! Geese!
Posted by Patricia Kennedy, Home in the Capital (RLAH Real Estate) over 9 years ago

Sounds like Six Flags took a page from the government.  When you don't have enough business, raise prices.

Posted by Brian Schulman, Lancaster County PA RealEstate Expert 717-951-5552 (Coldwell Banker Residential Brokerage, Lancaster PA) over 9 years ago

Your title made me think this was an attorney looking for clients! 

Posted by Gary L. Waters Broker Associate, Bucci Realty, Fifteen Years Experience in Brevard County (Bucci Realty, Inc.) over 9 years ago

Pat, No joke!

Brian, But raising prices deters more people from coming which decreases the bottom line even more.

Gary, But it got your attention, right?

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - over 9 years ago

Hi Donna... Six Flags is a fun place, but I also have not been there in over 10 years, largely due to the cost (for the park AND the parking).  The last time that I was there, I was doing a remote radio broadcast using a cellular phone and reporting from the looping roller coaster.  It was like a minute of me screaming on the air.  I think that they might do better business if they dropped the freaky dancing old bald guy from their commercials... he bugs the heck out of me!

Posted by Steve Shatsky over 9 years ago

Steve, All those "2 flags.... 6 flags... which was more fun?" commercials bug me. At least the old guy was entertaining...

The last time I was there was for AP Physics in high school.  Each year, they have Physics day and you ride the rides and work out calculations while doing so.  It was a lot of fun, but haven't been back since.

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - over 9 years ago

I agree with you Donna,  It's just like the newspapers being in trouble so what do they do, they raise their prices.  Hello!?

Posted by Ricki Eichler McCallum, Broker,GRI,ABR, - Your Coastal Bend Home Source (CastNet Realty) over 9 years ago

Hey, I didnt hear about this. The latest I heard about Six Flags was that you could get an adult ticket for the price of a child. Interesting.

Posted by John Cannata, Texas Home Mortgage - Purchase or Refinance (214-728-0449 over 9 years ago

Gads, I hadn't heard this one. Last time we went to a Six Flags park was several years ago and it was SOOO expensive! This whole "we'll just write it off and file bankruptcy" mentality just really ticks me off. Hey! Maybe we should all just file bankruptcy! You know, I have a coupla cars ... a house ... AND I have to buy groceries every week. What happened to the concept of just working a bit harder, hmmm? (sorry ... this topic always strikes a nerve ...)


Posted by Gabrielle Nemes, 206.300.8421, S King & Pierce County RE Advocate (RE/MAX Realty South) over 9 years ago

Ricki, No joke! I felt bad for the paperboy who came over a couple of weeks ago asking if we wanted a subscription. I asked him if he had heard of the internet and

John, And don't forget that beer you can now buy!

Gabrielle, EXACTLY!!  I had a listing appt a couple of months ago, and the guy was about to be foreclosed on in 2 weeks, so he just filed BK to save the house and not worry about listing it or anything.  People are always wanting something for nothing.

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - over 9 years ago

Donna, lowering the prices would allow more families to be able to spend more time there.  Hasn't any of the large companies learned anything?  We have Silver Dollar City here in the Branson area.  Prices are outragious!

Posted by Kay Van Kampen, Realtor®, Springfield Mo Real Estate (RE/MAX Broker, RE/MAX Solutions) over 9 years ago

Kay, No lessons learned... they like to just keep repeating the same pattern over and over again...  I remember when it was under $10 to get into Hurrican Harbor, and now it's around $20.  What parents want to drop their kid off at a water park for that amount?

Posted by Donna Harris, Realtor,Mediator,Ombudsman,Property Tax Arbitrator (Donna Homes, powered by JPAR - over 9 years ago