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Started By
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re: Which OT baller will buy a Beverly Hills hill? $1,000,000,000.00
Posted on 7/31/18 at 2:53 pm to NawlinsTiger9
Posted on 7/31/18 at 2:53 pm to NawlinsTiger9
Trump couldn’t afford it
2
Posted on 7/31/18 at 3:18 pm to Tyga Woods
Seems a little steep.
Posted on 7/31/18 at 3:19 pm to Paul Allen
He most certainly is, Paul.
Posted on 7/31/18 at 3:23 pm to lsupride87
quote:
bought it for $8.7 million in 1997, making it the most expensive property sold in America at the time
The most expensive property ever sold in 97 was only 8.7 million??
This post was edited on 7/31/18 at 3:24 pm
Posted on 7/31/18 at 3:27 pm to Ed Osteen
quote:
The most expensive property ever sold in 97 was only 8.7 million??
Yea, I find that hard to believe.
Posted on 7/31/18 at 3:38 pm to lsupride87
quote:
Hows your expected ROI doing Mark
Not great. Mark overdosed a couple of decades ago.
Posted on 7/31/18 at 3:40 pm to NawlinsTiger9
quote:
What if Trump bought it and put a giant statue of himself up there?
Trump does not have - nor has he ever had - anything approaching the kind of wealth required to purchase this property. He doesn't even have the crediworthiness necessary to lead a group of borrowers looking to develop it.
Posted on 7/31/18 at 3:43 pm to Ace Midnight
quote:
instead of spending $1 billion on a hill, one could purchase a TEN MILLION DOLLAR house in every single state of the nation and still have $500 million to generate money to pay the expenses on those 50 houses.
Yeah, that's insane to think about.
And if you want a badass house in Beverly Hills just don't buy a house in 4 states and have a 50 million dollar house there
Posted on 7/31/18 at 3:44 pm to Monsieur le Duc
lol he owns numerous properties worth 3-4x what this hill is listed for. You're a moron.
Posted on 7/31/18 at 4:14 pm to Tyga Woods
nm
This post was edited on 1/31/19 at 12:14 pm
Posted on 7/31/18 at 4:29 pm to NawlinsTiger9
Posted on 7/31/18 at 4:35 pm to Bjorn Cyborg
quote:It sounds crazy
Yea, I find that hard to believe.
I am trying to see if the article is correct but cant really find anything on it.
ETA: It definitely isnt correct. That article is full of shite
This post was edited on 7/31/18 at 4:37 pm
Posted on 7/31/18 at 5:02 pm to NawlinsTiger9
quote:
What if Trump bought it and put a giant statue of himself up there?
Glorious
Posted on 7/31/18 at 5:13 pm to DirtyMikeandtheBoys
quote:
lol he owns numerous properties worth 3-4x what this hill is listed for. You're a moron.
Huh?
Can you list one property Trump owns that is worth more than even $1B?
Posted on 7/31/18 at 5:16 pm to Tyga Woods
quote:
Aaron Kirman, the broker representing the property.
dudes commission is gonna be frickin' lit.
Posted on 7/31/18 at 5:24 pm to slackster
quote:
Can you list one property Trump owns that is worth more than even $1B?
Doesn’t he own the Empire State Building?
Posted on 7/31/18 at 5:48 pm to slackster
quote:
lol he owns numerous properties worth 3-4x what this hill is listed for. You're a moron.
[quote]Can you list one property Trump owns that is worth more than even $1B?[/quote
LINK
"In 2015 Forbes estimated that Trump's real estate holdings were worth about US$3.5 billion with a value of commercial properties totaled at US$1.3 billion, his residential properties at US$410 million, and his club facilities at US$866 million, and an additional US$940 million for properties he has less than 100% stake in.["
3.5 billion = 3.5 times the price of the hill.
Posted on 7/31/18 at 5:49 pm to Tyga Woods
If I had a billion dollars, which is frick you $$, I'd buy it and draw penises and middle fingers into it all the time.
Posted on 7/31/18 at 5:55 pm to CapperVin
quote:
Trump couldn’t afford it
Not sure why this was downvoted, there are very few people in the world who could afford to buy it, AND then, develop it. People just don't understand how money works.
I look at it this way, I'm obviously not an OT baller but I could maybe, technically afford to buy a $2-$3 million undeveloped property. But I would have to spending a year or 2 liquidating (at a discount) my entire life to afford the down payment. Yes I might end up with the property at the end, but I would have to live in a tent on the property and since 90% of my remaining income (which would need to include a night and weekend job as a high end male escort) would go to the note and property taxes.
So yes, technically there are a number of people with a net worth of several billion dollars who could technically, afford the property, but in reality its not really possible. To even think about this outright you would need a net worth of at least $10 billion.
Posted on 7/31/18 at 5:58 pm to EA6B
quote:
3.5 billion = 3.5 times the price of the hill.
See my previous post. This means he might, might be able to liquidate and buy the property, but in reality he has no where near enough money to really afford it.
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