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Started By
Message
3
Posted on 2/22/18 at 9:46 am to KiwiHead
He lived on corporate in that community there kind of across from the Newks
Posted on 2/22/18 at 9:48 am to WPBTiger
NFL.
NOT FOR LONG
BWAHhhhhhhahahHahahhhhh
NOT FOR LONG
BWAHhhhhhhahahHahahhhhh
Posted on 2/22/18 at 9:50 am to Fat Bastard
I believe this is the house:
LINK
Edit: it’s not this house
LINK
Edit: it’s not this house
This post was edited on 2/23/18 at 10:08 am
Posted on 2/22/18 at 9:51 am to tigerfoot
quote:
Correct, but it also is well above his future means.
No. It isn't.
You are incredibly stupid.
Posted on 2/22/18 at 9:52 am to tom
quote:
Alleva offered on a house there too, but when the seller tried to negotiate he moved into a Tigerland apartment instead.
Posted on 2/22/18 at 9:53 am to okietiger
quote:
Why are there so many homes for sale in that vicinity?
It's new development.
Posted on 2/22/18 at 9:58 am to justice
quote:
it will be a great day to when it goes back up for sale.
Posted on 2/22/18 at 10:01 am to KiwiHead
Miles lived in Bocage and was selling that home, he bought a new home off Jefferson near Perkins Rowe, it is a lot smaller and a lot more per sqft than Orgeron and he doesn't have a job. So people commenting about Orgeron's purchase is pretty ridiculous. There are a ton of people in the U-club making alot less than Orgeron. Hell Jimmy Ott lives there.
Posted on 2/22/18 at 10:04 am to MaHittaMaHitta
quote:
That's really not that bad. You can't fault a man for buying a nice house near LSU for him and his family. It's not like he bought a 2 million dollar mansion.
The house he owns in Mandeville is probably worth at least $750,000 and very possibly more. There's no golf course at The Sanctuary, but it's a very upscale subdivision. U Club isn't that big of an upgrade.
If you don't believe me, check out a satellite view of Oleander Ct in Mandeville. There's only five houses on the street and one of them is Coach O's. (No shrimp boat in the yard)
This post was edited on 2/22/18 at 10:20 am
Posted on 2/22/18 at 10:06 am to okietiger
quote:
Why are there so many homes for sale in that vicinity?
Market is still hot right now, there's a lot of homes for sale in my neighborhood because things are going for so crazy high still. Majority of people bought when new in 2004 where I live and now some of their homes are worth like 40-50% more than what they bought for.
This post was edited on 2/22/18 at 10:11 am
Posted on 2/22/18 at 10:11 am to WPBTiger
What's HOA's stance on Shrimp boats in the driveway????
Posted on 2/22/18 at 10:16 am to Powerman
quote:
quote:
O could pay cash for this house, have no mortgage, and sell it within a week of losing his job, if he loses his job.
Which is why almost every other comment in this thread is stupid.
Yeah, I mean anyone making 200k a year could pretty easily qualify for a mortgage on this house.
Posted on 2/22/18 at 10:22 am to tom
quote:
Alleva offered on a house there too, but when the seller tried to negotiate he moved into a Tigerland apartment instead.
Posted on 2/22/18 at 10:24 am to Y.A. Tittle
quote:
Yeah, I mean anyone making 200k a year could pretty easily qualify for a mortgage on this house.
I wouldn't advise it at that salary level but you're definitely right
Posted on 2/22/18 at 10:32 am to Powerman
Yeah, I wouldn't either. Just addressing the basic minimum threshold to qualify and the silliness of the notion that there should be any question for a guy making $3.5 million, regardless of how much "job security" he may have.
Posted on 2/22/18 at 10:34 am to tigerfoot
quote:
Correct, but it also is well above his future means.
No, it's not. He earns $3.5 million per year for four years. Each year he pays $1.1 million in taxes and has $2.4 million in after tax income. He lives nicely on $300,000 (after tax) per year and invests $2.1 million per year, or $8.4 million over the life of his (guaranteed) contract.
At the end of the day he has about $10 million socked away (I'm assuming he already has a couple of million) and a proven track record of $600,000 per year earnings from BEFORE he hit the Alleva lottery.
But probably he retires from coaching in four years (assuming LSU shitcans him) and becomes a deluxe version of T-Bob, earning $150,000 as a local celebrity and curiousity.
His $150,000 salary plus $300,000 per year he can expect to draw off his $10,000,000 investments at 3% gives him $450,000 per year pre-tax, which is about exactly what he needs to cover his nut while maintaining the integrity of his $10 million investment.
Posted on 2/22/18 at 10:41 am to Fat Bastard
quote:
Fat Bastard
It sux for you that he is living in that house and you are stuck in your single wide.
If he gets fired after 3 years, he sells the house which will likely appreciate in value, take his profit and look back at people like you and laugh. Not exactly a dumb move is it?
Posted on 2/22/18 at 10:41 am to TheCaterpillar
The money he made over years. He can stay there for rest of his life no problem. I bet his HOA fees are more than my electric bill.
Posted on 2/22/18 at 11:01 am to Gray Tiger
Hey you old curmudgeon. Will you keep under O’s desk like you did for miles??? Until he’s fired?? Or will you stop holding his nuts for once?? You must really be an old miserable cuck at the old folks home siting in soiled depends right? so you troll here making yourself look like a fool because you’ve been a loser in life so you try to project that onto others here? Look old man most here aren’t losers like you were. Now tell the nurse your internet time is over for the day you need to go clean up. Oh and no shuffleboard either!!!
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