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Mansion in Chattanooga, TN that apparently cost $40M to build in '07 now listed for $16M
Posted on 12/31/23 at 12:27 pm
Posted on 12/31/23 at 12:27 pm
On the market for 506 days.
That's some loss!
That's some loss!
33
Posted on 12/31/23 at 12:28 pm to hikingfan
Posted on 12/31/23 at 12:29 pm to hikingfan
That's a fairly decent pool cabana. Where's the pics of the mansion?
Posted on 12/31/23 at 12:30 pm to hikingfan
I laugh when i see that stuff
Reminds me of how folks that rushed out and bought houses during the Covid stuff are about gonna get fricked now that the appraisal of the house is no where near what they paid for it
Reminds me of how folks that rushed out and bought houses during the Covid stuff are about gonna get fricked now that the appraisal of the house is no where near what they paid for it
Posted on 12/31/23 at 12:32 pm to hikingfan
Only 6 beds? Hard pass
Posted on 12/31/23 at 12:42 pm to hikingfan
I could live there. With a harem of course
Posted on 12/31/23 at 12:42 pm to hikingfan
quote:
"got 10 bathrooms I could shite all day"
Posted on 12/31/23 at 12:43 pm to hikingfan
They probably got sick of that Chattanooga traffic!
Posted on 12/31/23 at 12:44 pm to Fat and Happy
quote:
Reminds me of how folks that rushed out and bought houses during the Covid stuff are about gonna get fricked now that the appraisal of the house is no where near what they paid for it
How are they going to get fricked?
Posted on 12/31/23 at 12:45 pm to hikingfan
How do they not have a blank check style slide from a bedroom to the pool for that kind of money?
Posted on 12/31/23 at 12:47 pm to hikingfan
Blows my mind when people build crazy customized mansions in weird locations only to sell it within a decade.
The only way it makes sense is if you plan on living there a long time. If it's not a growing area then it's not going to sell.
Michael Jordan's Chicago mansion is a great example of a bad investment. He customized it and lived there for about 10 years and now it's not selling because it was built weird per his customized designs.
Michael Jordan Mansion
My guess is they eventually bulldoze the mansion and sell the land.
It's not even located in a place where it could be used for anything other than a place to live. No nearby tourist areas, very residential surroundings in a suburban town around a dying major metro area (Chicago).
The only way it makes sense is if you plan on living there a long time. If it's not a growing area then it's not going to sell.
Michael Jordan's Chicago mansion is a great example of a bad investment. He customized it and lived there for about 10 years and now it's not selling because it was built weird per his customized designs.
Michael Jordan Mansion
quote:
Jordan has tried to sweeten the pot by cutting the price nearly in half and throwing in a complete set of Air Jordans with the purchase of the house. And yet, it remains unsold and he pays more than $100,000 in annual property taxes.
quote:
"It's clearly his home," said Bruce Bowers of Bowers Realty Group, adding: "There's a lot of work that would have to be done to make it your own."
My guess is they eventually bulldoze the mansion and sell the land.
It's not even located in a place where it could be used for anything other than a place to live. No nearby tourist areas, very residential surroundings in a suburban town around a dying major metro area (Chicago).
This post was edited on 12/31/23 at 12:57 pm
Posted on 12/31/23 at 12:48 pm to hikingfan
If you want to build a mid-8 figure home and protect your resell you need to build it with spectacular views in a place where UHNW people want to live. The vast majority of people spending that sort of money want to build exactly what they want in a home and the main reasons they would look to something already built is the area is already completely built out or possibly the house is historic.
Posted on 12/31/23 at 12:49 pm to hikingfan
That house looks gaudy as frick and screams “new money try hard”
Posted on 12/31/23 at 12:51 pm to Obtuse1
quote:what mountain side is your 8 figure home?
mid-8 figure home and protect your resell you need to build it with spectacular views
This post was edited on 12/31/23 at 12:51 pm
Posted on 12/31/23 at 12:51 pm to hikingfan
I've never understood the appeal of gargantuan houses.
Paying for location makes sense, but anything over 4000sqft seems excessive.
Paying for location makes sense, but anything over 4000sqft seems excessive.
Posted on 12/31/23 at 12:51 pm to hikingfan
People spend millions building to their unique eclectic tastes and wonder why it won't sell. This house is Trump-gaudy. It is a very selective buyer that would close on this house.
Posted on 12/31/23 at 12:53 pm to tiggerthetooth
quote:m
Blows my mind when people build crazy customized mansions in weird locations only to sell it within a decade.
An old couple is building a gigantic one here in the middle of Indianola, Ms. 3 story, 2 wings on each side of a main house, 5 car garage. Gotta cost several million. In a fricking Ms delta town of 8,000 people where property crime is rampant. Like it’ll ever sell when they’re gone
Posted on 12/31/23 at 12:53 pm to hikingfan
23,000 sq ft and only six bedrooms?
Posted on 12/31/23 at 12:53 pm to tiggerthetooth
quote:
Michael Jordan's Chicago mansion is a great example of a bad investment. He customized it and lived there for about 10 years and now it's not selling because it was built weird per his customized designs.
Shaq did something similar here in Orlando. Finally sold but it took a long long time bc of all the weird shite he did to it.
This post was edited on 12/31/23 at 12:54 pm
Posted on 12/31/23 at 12:57 pm to hikingfan
Looks like my butler’s second house. He might be interested.
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