I think it is misleading you into thinking you will own the whole town. No, more than think, It is misleading you.
bolding mine.
It says you get a working town, blah blah blah. Uh huh, for only half a million dollars? It also mentions it has 117 students, which would mean an estimated population of 200 people, where do these people live? Do every single one of them just rent from the current owner?