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re: Minecraft creator buys ridiculous $70 million mansion in Beverly Hills
Posted on 12/19/14 at 1:38 pm to HempHead
Posted on 12/19/14 at 1:38 pm to HempHead
eh, I'd say it's more baller to take that $70M and put it into a fund that will generate 8-12% annual ROI and finance the house at a rock bottom rate and cash flow the entire situation so you end up generating income on your cash instead of sinking it into a static asset.
2
Posted on 12/19/14 at 1:41 pm to DirtyMikeandtheBoys
I feel like I could design a way more awesome house than that on a $70 million dollar budget. Like way more awesome.
Posted on 12/19/14 at 1:51 pm to DirtyMikeandtheBoys
quote:
eh, I'd say it's more baller to take that $70M and put it into a fund that will generate 8-12% annual ROI and finance the house at a rock bottom rate and cash flow the entire situation so you end up generating income on your cash instead of sinking it into a static asset.
He has $1.4 billion other dollars to do that with. He won't miss that $70 million collecting interest.
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